Pacific Perspectives
The market is more bullish on Commonwealth Bank than Nvidia
Everyone is talking about Commonwealth Bank, still! The world’s most expensive bank just keeps getting dearer by the day, making its loyal retail shareholders richer and exacerbating an existential crisis among analysts and fund managers…
Shein shifts Australian marketplace to Singapore, raising tax question
Shein, the Chinese online fast fashion giant that has expanded rapidly with low prices and an enormous range of merchandise, has set up a new vehicle in Singapore that will run its Australian marketplace, raising…
Why this $6.5 trillion investor is betting big on the $A
The world’s largest wealth manager says buying the Australian dollar is one of the best ways to trade the end of so-called US exceptionalism as America’s ballooning debt causes investors to lose faith in the…
S&P 500 futures are little changed ahead of May jobs report: Live updates
Stock market futures were mostly calm on Thursday evening ahead of a key jobs report that is expected to shed light on the health of the U.S. economy. S&P 500 futures ticked down about 0.1%. Futures…
Dow falls, snapping four-day win streak, as soft payrolls report drags down sentiment: Live updates
The Dow Jones Industrial Average slipped on Wednesday after private sector hiring hit its lowest level in more than two years, raising concerns trade policy uncertainty could be weighing on the U.S. economy. The 30-stock Dow lost…
Investors cash in as CBA soars past $300b but distortion fears grow
Commonwealth Bank has become the first ASX-listed company to be valued at more than $300 billion, defying forecasts the years-long rise will end and leading to concerns that its dominance is distorting the sharemarket. The…
‘What a month’: Small-cap funds make history in May
As Australia’s sharemarket races back towards its record high after a global market rout erased trillions of dollars earlier this year, one cohort of local fund managers have been enjoying one of their best months…
ASX to stall, S&P 500 finishes near flat on weak data
Australian shares are set to open flat after the latest data spotlighting the health of the US economy pointed to ongoing weakness and demand constraints to come. ASX futures were pointing down just 1 point,…
Stock futures are little changed after Dow snaps four-day winning run: Live updates
Stock futures are near flat Wednesday night after the Dow Jones Industrial Average snapped a four-day win streak. Futures tied to the Dow edged 4 points lower, or 0.1%. S&P 500 futures slipped less than 0.1%, while Nasdaq 100 futures lost 0.1%. In…
U.S. growth forecast cut sharply by OECD as Trump tariffs sour global outlook
Economic growth forecasts for the U.S. and globally were cut further by the Organisation for Economic Co-operation and Development as President Donald Trump’s tariff turmoil weighs on expectations. The U.S. growth outlook was downwardly revised…