Pacific Perspectives
ASX to slip; Microsoft leaps 9pc as earnings top estimates
The sharemarket is set to drop, bucking a dramatic reversal on Wall Street as investors took cues from mixed economic data that the US economy could weather President Donald Trump’s tariff storm. US futures rose.…
The RBA’s rate cuts are coming, but hold the avalanche
There’s one data point between Australians and a May rate cut and economists are tipping it should be fine. But what happens next is ripe for debate. Headline and trimmed mean inflation are both finally…
Bond market too optimistic about rapid rate cuts, investors warn
Inflation has finally returned to the Reserve Bank of Australia’s target band for the first time since the COVID-19 pandemic, but fund managers warn that lingering price pressures should curb hopes for deeper easing. Bond…
BlackRock says investors can profit from diversifying beyond the 60/40 amid volatility
The recent market turbulence has highlighted the importance of having a diversified portfolio, according to BlackRock. For many investors, that means looking beyond a traditional portfolio of 60% stocks and 40% fixed income, the firm…
Amazon says displaying tariff cost ‘not going to happen’ after White House blowback
Amazon said Tuesday it considered displaying import charges on items sold via its site for ultradiscount items, but that the plan “was never approved and not going to happen.” The move would have affected items sold on…
Big mining’s decade of inflationary pressure is ending
A decade of inflationary pressures in the mining sector appears to be over, with bulk commodity producers Fortescue, Whitehaven Coal and Stanmore Coal telling investors their unit costs were tracking lower. Lower commodity prices and…
ASX to rise before CPI, Wall Street advances
Australian shares are poised to rise in line with Wall Street as investors shrugged off weak jobs data amid hopes for a sustained economic recovery in America. ASX 200 futures are pointing up 0.4 per…
Global investors pile into ASX giants amid Wall Street exodus
Uncertainty about the outlook for the world’s largest economy is pushing major investors to shift funds out of the United States and into some of Australia’s largest companies, buoying the local sharemarket. The mass re-allocation…
S&P 500 futures are little changed after index posts longest win streak since November: Live updates
Stock futures tied to the Dow Jones Industrial Average were little changed Tuesday night after the blue-chip index posted its longest winning run since July. Futures tied to the 30-stock Dow added 43 points, or 0.1%. S&P 500…
Chinese factories are stopping production and looking for new markets as U.S. tariffs bite
BEIJING — Chinese manufacturers are pausing production and turning to new markets as the impact of U.S. tariffs sets in, according to companies and analysts. The lost orders are also hitting jobs. “I know several…