Pacific Perspectives

 Points The Food and Drug Administration on Thursday said the active ingredient in Eli Lilly’s weight loss drug Zepbound is no longer in shortage, a decision that will eventually bar compounding pharmacies from making cheaper, unbranded versions of the injection. “FDA has determined that the shortage of tirzepatide injection products, which first began… Read More »FDA says Eli Lilly’s weight loss drug Zepbound is no longer in shortage

Australian shares are poised to fall as markets parse the Federal Reserve’s projections of fewer-than-expected interest rate cuts and higher inflation next year. ASX futures were down 49 points or -0.6 per cent near 8am AEDT. The Australian dollar climbed 0.4 per cent to US62.42¢ as the US dollar fell.… Read More »ASX to drop, $A recovers as Wall Street bounces back

Optimism in money markets is growing for the Reserve Bank of Australia to cut interest rates at its first board meeting of 2025, as traders reassess their global rate outlook. The Australian three-year bond yield fell 5 basis points overnight to 3.9 per cent as bond traders dialled up their… Read More »Traders dial up bets for February RBA rate cut

Financial markets are coming to grips with the possibility that global interest rates may not go much lower and advanced economies like the US and Australia will be prone to higher inflation in a world of punishing tariffs and trade conflicts. The US Federal Reserve stunned investors on Wednesday (Thursday… Read More »Shares, dollar slammed after Fed walks back rate cut plans

The Dow Jones Industrial Average narrowly snapped its longest losing streak since 1974 on Thursday. The 30-stock Dow added 15.37 points, or 0.04% to close at 42,342.24. The S&P 500 slid 0.09% to 5,867.08, while the Nasdaq Composite fell 0.10% to 19,372.77. Though the major averages initially rebounded to start the session – with the Dow… Read More »Dow ekes out narrow gain to snap 10-day losing streak, its longest in 50 years: Live updates

Check out the companies making headlines in midday trading. Nvidia – Nvidia shares dropped 1.1%, reversing an earlier gain that had pushed the stock briefly out of correction territory. Shares have surged more than 160% since the start of 2024. General Mills — The consumer products maker slid 3.1% after telling investors… Read More »Stocks making the biggest moves midday: Nvidia, Ollie’s Bargain Outlet, Birkenstock, Disney and more

Morgan Stanley has labelled 2024 as the year of the hall pass after an unpredictable 12 months in the Australian market that caught many pundits off guard. The Reserve Bank of Australia didn’t cut interest rates, China’s economic growth disappointed, ASX earnings growth all but disappeared, the Australian dollar hit a… Read More »The 10 biggest surprises to wrong-foot investors this year

Australian shares are set to fall in line with losses on Wall Street after Federal Reserve policymakers projected that the pace of rate cuts will slow significantly in 2025, and inflation has yet to be vanquished. The Australian dollar tumbled more than 1 per cent. The US 10-year yield shot… Read More »ASX to drop, $A plunges as Fed signals rate pause near

Australians craving a white Christmas will get more bang for their buck in Canada and Japan than in the US or Europe this year after the Aussie dollar outperformed the Canadian dollar and yen, leaving travellers with more money in their pockets. Although the local currency rose just 0.5 per… Read More »Why Australians should ditch Europe this Christmas

The Federal Reserve cut interest rates by a quarter point on Wednesday, bringing the target range to 4.25% to 4.5%. The central bank revised its outlook for rate cuts in 2025, however, indicating that there will be two reductions. That’s down from the four forecast in September. Fed Chair Jerome… Read More »Fed meeting recap: Powell says central bank to be ‘cautious’ on rate cuts, rocking market