Pacific Perspectives
WiseTech, Xero help ASX tech sector beat Nasdaq
The surging share prices of ASX-listed WiseTech and Life360 have helped Australia’s technology sector more than double the return of the US tech-heavy Nasdaq this year. The S&P/ASX200 technology index has topped the ASX’s 11…
Fed Governor Waller says he is ‘leaning toward’ a December rate cut, but worries about inflation
Federal Reserve Governor Christopher Waller said Monday he is anticipating an interest rate cut in December but is concerned about recent trends on inflation that could change his mind. “Based on the economic data in…
Tesla shares pop 9% as postelection rally continues
Tesla shares closed up nearly 9% on Monday, continuing to ride a postelection rally as President-elect Donald Trump, closely allied with CEO Elon Musk, begins to set up his presidential cabinet. Analysts at Wedbush reiterated their…
Trump is the most pro-stock market president in history, Wharton’s Jeremy Siegel says
The stock market could enjoy a bigger boost from President-elect Donald Trump than any previous administration thanks to his pro-business policies, according to Jeremy Siegel, finance professor at the Wharton School of the University of Pennsylvania. “President-elect Trump…
ASX to rise, S&P 500 struggles, bitcoin tops $US88,000
Australian shares are poised to rise. The S&P 500 reset its record high, though it failed to hold its early advance. Tesla was 9.1 per cent higher. Bitcoin was more than 10 per cent higher…
Big industry super property fund plunges to $1.5b loss on write-downs
ISPT, one of the country’s biggest property investors for industry superannuation funds, has plunged to a $1.5 billion loss in its flagship vehicle as real estate values fell and the cost of servicing its debt…
Transurban tolls hit NSW roadblock
The Minns NSW government and Transurban are at loggerheads over how to reduce the long-term costs to taxpayers and motorists from Sydney’s sprawling toll road network. Toll roads seemed such a painless way for state…
Bull market revs back up on Trump enthusiasm as traders race to grab small caps, banks and Tesla
Source: https://www.cnbc.com/2024/11/09/bull-market-revs-back-up-on-trump-enthusiasm-as-traders-race-to-grab-small-caps-banks-and-tesla.html
One business is paying $7.4m in Sydney road tolls
The Minns government is ramping up pressure on Transurban to overhaul its toll road contracts in NSW, arguing that baked-in increases add costs not just to households but to businesses, one of which is paying…
UK pension fund crisis shows super risk to markets in Australia: RBA
Poor liquidity management by the $3.9 trillion superannuation sector could threaten financial stability similar to the near-collapse of pension funds in Britain in 2022 after a rush on margin calls, the Reserve Bank has warned. RBA governor…