Pacific Perspectives
European markets shrug off tariff threat as investors await EU-U.S. deal update
What tariffs? European equity markets have completely discounted Trump’s threat of reimposing tariffs on countries that haven’t yet signed a trade agreement with the U.S. The Stoxx Europe 600 index rose 0.3%. Regionally, Germany’s DAX, France’s CAC…
Divided RBA shocks markets to hold cash rate at 3.85pc
Reserve Bank of Australia governor Michele Bullock has defied financial markets and the government by holding interest rates steady, saying she wants to be more confident that inflation is under control before cutting again, potentially…
ASX to slip; Orica appoints Vik Bansal as next chairman
Australian shares are set to slip in line with mostly narrow losses in New York as investors try to determine how to interpret US President Donald Trump’s trade comments. Trump told reporters at the White…
CBA warns $A at risk as trade war heats up
The Commonwealth Bank has warned that the Australian dollar is at risk of a violent reversal if US President Donald Trump follows through with his punitive tariffs on major trading partners. The local currency sank…
Stock futures are little changed as investors monitor Trump tariff developments: Live updates
Stock futures were little changed Tuesday night as investors monitor the latest tariff updates from President Donald Trump. Futures tied to the Dow Jones Industrial Average added just 16 points, or 0.04%. S&P 500 futures rose 0.05%, while Nasdaq 100…
Tesla loses $68 billion in value after Elon Musk says he is launching a political party
Tesla stock fell nearly 7% on Monday after CEO Elon Musk announced plans to form a new political party. The electric vehicle company lost more than $68 billion in market cap. Musk said Saturday that the party would…
Markets widely expect an RBA rate cut, except these 5 economists
Traders and economists broadly agree – the Reserve Bank of Australia will be cutting interest rates on Tuesday, its third reduction this year. But a few, including those at Citi and Bank of America, are…
Investors see gold in Origin’s $15b tech play, sending shares soaring
Origin Energy could receive a windfall far greater than the market had expected if the British electricity retailing business it has invested in spins out a highly lucrative technology play for $US10 billion ($15.4 billion).…
ASX to fall, Wall St tumbles as Trump renews his trade wars
Australian shares are poised to open lower after US President Donald Trump threatened 25 per cent tariff rates on both Japan and South Korea as of August 1, leading US equities lower. All three US…
Stock futures fall as investors await clarity on trade: Live updates
U.S. stock futures fell overnight as investors tracked rapid-fire developments on the trade front, including new tariffs announced Monday on 14 countries. Dow Jones Industrial Average futures declined by 87 points, or 0.19%. S&P 500 futures and Nasdaq 100…