Pacific Perspectives
ASX to slip; Nvidia resets record high; oil steadies
Australian shares are set to open lower, tracking weakness on Wall Street where a rally has run out of momentum near record highs. Still, the tech-heavy Nasdaq 100 edged higher to a fresh all-time closing…
Big investors count the cost of sitting out CBA’s year-long bull run
The country’s most prominent active fund managers avoided buying into Commonwealth Bank, betting the stock was too expensive. Now, as they rule off the financial year, they are counting the cost of missing out on…
Markets asleep at the wheel as tariff D-Day looms
With just two weeks to go before US President Donald Trump’s global tariffs deadline, financial markets are clinging to the hope of further delays as countries try to hash out a deal with America. But…
Stock futures are little changed as S&P 500 nears new record high: Live updates
Stock futures were relatively unchanged on Wednesday as the S&P 500 remains within striking distance of its all-time high. S&P 500 futures traded around the flatline, as did Nasdaq 100 futures and futures tied to the Dow Jones Industrial Average. The…
Nvidia CEO Huang sells $15 million worth of stock, first sale of $873 million plan
Nvidia CEO Jensen Huang sold 100,000 shares of the chipmaker’s stock on Friday and Monday, according to a filing with the U.S. Securities and Exchange Commission. The sales are worth nearly $15 million at Tuesday’s opening price.…
FIRB risk around Santos takeover deemed low
Santos’ limited share of Australian gas supply and the government’s track record on foreign investment approvals suggest scepticism around approval of the oil and gas producer’s Abu Dhabi-led bid is misplaced and the $36.4 billion…
Oil shock could put RBA in a bind on rate cuts
A sustained spike in oil prices and trade disruptions in the Middle East is expected to deal another blow to an already wobbly global economy that could force the Reserve Bank of Australia to keep…
ASX to rise; Betr blocks rival’s $402m PointsBet takeover
Australian shares are set to open modestly higher, as futures trailed a broad rally in New York that pushed the Nasdaq 100 to a record high after oil extended its decline. ASX 200 futures are…
S&P 500 futures are little changed as index nears all-time high: Live updates
S&P 500 futures are near flat Tuesday night as investors watch to see if the benchmark index can return to its all-time high. Futures tied to the broad index ticked down 0.1%, as did Nasdaq 100 futures. Dow…
Tesla stock pops 8% as Musk touts ‘successful’ robotaxi Austin launch
Tesla’s Model Y robotaxi finally hit the road this weekend, sending shares of the electric vehicle maker up 8% on Monday. The EV giant debuted autonomous rides in Austin, Texas, on Sunday, opening the service to a limited…