Pacific Perspectives
This US bank makes a bold call on the $A
Morgan Stanley says investors should be buying up the Australian dollar and dumping the greenback because the US Federal Reserve will cut interest rates more aggressively than expected and American trade tariff concerns are overblown.…
Dow drops more than 200 points, S&P 500 pulls back from record as Nvidia slides: Live updates
The S&P 500 and Nasdaq Composite pulled back from record highs Monday, with tech shares struggling and investors looking ahead to key inflation data due out this week. The broad market index fell 0.61% to close at 6,052.85, and…
Fundstrat’s Tom Lee thinks the bitcoin rally above $100,000 is a bullish signal for stocks
Bitcoin’s rally to new heights signals even more momentum for a stock market that’s also at all-time highs, according to Fundstrat’s Tom Lee. “Bitcoin rising is, to me, breaking out of a holding pattern as a…
Michele Bullock could be the Maradona of Australian central banking
Rather than smashing jobs or going too soft, the Reserve Bank governor is weaving through the inflation challenge with a hawkish comment here, a dovish quip there and a steady interest rate. It’s 55 minutes…
Australia is now an economic ‘problem child’: McKinsey
Business investment is at recession levels as Australia’s productivity growth slumps to 30th out of 35 rich countries, according to a new McKinsey report that warns declining living standards are now a “national emergency”. Australia…
Here’s the key ASX sector UBS is targeting in 2025
The ASX 200’s strong rise has been tinged with frustration for many investors because of the banks and miners. UBS is hunting in a different sector in 2025. Talk to any fund manager focused on…
Dow drops more than 200 points, S&P 500 retreats from record as big payrolls report looms: Live updates
U.S. stocks were lower on Thursday as investors awaited Friday’s big jobs report. The Dow Jones Industrial Average dipped 248.33 points, or 0.55%, to close at 44,765.71. Meanwhile, the Nasdaq Composite slipped 0.18% to end at 19,700.26. The S&P 500 dropped…
Stocks making the biggest moves midday: JetBlue, Eli Lilly, Pure Storage, Salesforce and more
Check out the companies making headlines in midday trading. JetBlue Airways — The airline said it sees a smaller decline in its full-year revenue guidance than it originally expected, according to a regulatory filing. Higher-than-anticipated bookings in…
ASX to edge up, S&P 500 and Nasdaq lift on techs
Australian shares are poised to rise. Tech shares rallied, lifting all three major US benchmarks to record closing high and masking poor breadth. The Dow closed above 45,000 for the first time. The S&P 500…
Chalmers admits business must pull Australia out of growth slump
Treasurer Jim Chalmers says the private sector must ultimately pull Australia out of its worst economic slump since the 1990s recession, even as economists and business leaders blame his government for discouraging investment and prolonging…