Pacific Perspectives
S&P 500 ekes out narrow gain as investors shake off Fed’s inflation warning: Live updates
The S&P 500 posted a modest gain on Wednesday as traders assessed the potential for future Federal Reserve rate cuts amid persistent inflationary pressures. The broad market index added 0.16%, closing at 5,918.25, while the Nasdaq Composite slipped 0.06%…
Stocks making the biggest moves midday: Edison International, eBay, Getty Images and more
Check out the companies making headlines in midday trading. eBay – Shares jumped almost 10% and touched 52-week highs after announcing that Meta is testing using its listings on Facebook Marketplace. Buyers from Facebook will be redirected…
Soft inflation data brings February rate cut into sight
The chances of the Albanese government getting a pre-election boost from a February rate cut have risen, according to economists, who say softer-than-expected inflation figures show price pressures are cooling. Treasurer Jim Chalmers said inflation…
ASX to fall, retail sales to jump; bitcoin tumbles
Australian shares will snap a five-day rally on Thursday, as traders prepare for a forecasted increase in retail sales that casts doubt on an interest rate cut coming as soon as next month. Futures indicate…
Will stocks keep rising in 2025? Don’t listen to the experts
Forecasts come from top-tier investment banks should not only be ignored, Plato stockpicker David Allen says, but traders should do the complete opposite. Another year, another set of Wall Street predictions about how the S&P…
S&P 500 ekes out narrow gain as investors shake off Fed’s inflation warning: Live updates
The S&P 500 posted a modest gain on Wednesday as traders assessed the potential for future Federal Reserve rate cuts amid persistent inflationary pressures. The broad market index added 0.16%, closing at 5,918.25, while the Nasdaq Composite slipped 0.06%…
Howard Marks sees cautionary signs of a bubble, says investors shouldn’t ignore today’s high market valuation
Howard Marks, one of the most respected value investors, who famously foresaw the dot-com bubble, is pointing out a handful of red flags in the market such as valuation that could mean poor returns over…
Tech rally lifts ASX but utilities, miners weigh; Fortescue slumps
Australian shares closed marginally higher on Tuesday amid mixed sentiment from stock-pickers, as a rally in technology shares was tempered by losses from miners and utilities. The S&P/ASX 200 Index closed 27.7 points, or 0.3…
RBA should cut rates and not be fooled by trimmed mean inflation
The central bank should not ignore the fact that the actual inflation rate Australian consumers and businesses feel is now within the designated target range of 2-3 per cent. As Reserve Bank board members return…
ASX to slip, Wall St hit by selling wave
Australian shares are poised to open modestly lower as ASX futures responded to a sell-off in technology stocks on Wall Street that reversed earlier gains. Futures predicted the S&P/ASX 200 would slip 10 points at…