Pacific Perspectives
The ASX’s bumper year makes for bullish investors (despite the chaos)
The Australian sharemarket has recorded its best financial year since the pandemic as investors shrugged off the Trump administration’s chaotic trade policies and instability in the Middle East to push local stocks up more than…
How $13 smokes smacked Metcash’s tobacco sales 40pc in four years
The supermarket supplier’s numbers are indisputable proof of how the illegal tobacco trade is running rife. A few weeks ago, Metcash boss Doug Jones bought a pack of Marlboro-branded cigarettes from a tobacconist on Sydney’s…
ASX to slip, S&P 500 resets record high
Australian shares are set to edge lower after New York shook off some mid-session nerves with both the S&P 500 and Nasdaq Composite resetting the closing record highs. ASX 200 futures are pointing down 6…
S&P 500 rises to another record to wrap up second-quarter comeback: Live updates
Stocks rose on Monday as traders closed out a stunning month with even more record highs. The S&P 500 gained 0.52% and posted another record close, ending at 6,204.95. The Nasdaq Composite advanced 0.47% and also reached fresh all-time…
The global week ahead: A hectic half first heralds a volatile second
“Politics isn’t wagging the tail – it’s shaking the entire dog.” These strong words from one wealth manager to CNBC last week capture a hectic first half of trading. They also set the stage for…
Santos board sets deadline for Emirati takeover bid, opens door to rival offers
Santos, Australia’s second-largest oil and gas company, has given its Emirati suitor four weeks to finalise its $36.4 billion takeover bid, before it opens the door to potential rival offers. An agreement between Santos and…
S&P 500 closes at record high after $15 trillion rally
Optimism that the US is moving swiftly to secure trade deals with its key partners, and that Republicans are set to approve US President Donald Trump’s key tax bill soon, helped propel Wall Street to…
The momentum trade is back, but it won’t last long
With global uncertainty well above normal levels, momentum strategies should be underperforming – yet they are not. Here’s why. Momentum trading involves buying yesterday’s winners and selling yesterday’s losers. To trade momentum is to find…
Stock futures rise after S&P 500 notches a fresh record high: Live updates
Stock futures rose Sunday evening as investors look to cap a stunning month for stocks. S&P 500 futures and Nasdaq 100 futures each added about 0.1%. Futures tied to the Dow Jones Industrial Average gained 130 points, or 0.3%. The…
The $5 million Trump Card faces legal challenges, limited market
Source: https://www.cnbc.com/2025/06/26/trump-card-overseas-wealthy.html