Pacific Perspectives
Insurance Australia Group goes west with $1.35b RAC buy
Insurance Australia Group chief executive Nick Hawkins is confident the acquisition of two state-based insurers will get through the competition regulator, after the group said it would buy The Royal Automobile Club of Western Australia…
Gas companies ask for seat at the subsidy table
Australia’s gas producers say Labor is undermining its own efforts to decarbonise the electricity grid because a major review of the east coast market is not considering whether to provide future government support to gas…
This ASX risk reading hasn’t been so low in 25 years. That’s nuts
Goldman Sachs strategist Matthew Ross sees two possible paths out of the surprising situation – and he’s listed stocks for investors to watch. The Bermuda Triangle. The construction of Egypt’s pyramids. Why Australians spend so…
Stock futures are little changed as elevated Treasury yields weigh on sentiment: Live updates
Stock futures were little changed on Thursday night, as investors continue to evaluate the effect of higher U.S. Treasury yields on the economy. Futures tied to the Dow Jones Industrial Average 12 points, or 0.03%. Nasdaq 100 futures slipped…
The Republican spending bill is sending yields soaring and creating a major market headache
The U.S. debt-and-deficit situation is bad and facing real prospects of getting worse, triggering a high-profile credit rating downgrade from Moody’s and another selling stampede in stocks and bonds. Whether the recoil in financial markets…
Why this strange week for markets may point to trouble ahead
While Australian sharemarket investors are rejoicing in the prospect of interest rate cuts, long-term bond rates are drifting higher. This has been a very strange week in financial markets as global and domestic forces have…
Traders bet on July rate cut and more to follow
Bond traders have ramped up bets that the Reserve Bank will deliver aggressive rate cuts after the central bank struck a surprisingly relaxed tone on inflation and signalled it is ready to act if Donald…
Three ‘unpopular’ ASX giants veteran fundies are backing
Veteran Australian equity investors are backing companies in the healthcare and energy sectors – names that may be out of favour with the market, but ones that the fund managers are adamant are still a…
Stock futures are flat after a big sell-off on deficit concerns: Live updates
Stock futures were flat in overnight trading Wednesday following a sizable sell-off on Wall Street as worries about a ballooning deficit deepened. Futures on the Dow Jones Industrial Average dipped 60 points. S&P 500 futures and Nasdaq 100 futures were both…
Asset managers prepare for the SEC to break down a wall between mutual funds and ETFs
The Securities and Exchange Commission is close to allowing dozens of asset managers to blur the lines between exchange traded funds and mutual funds, in a move that would give investors more choice while also…