Pacific Perspectives
Investors dump iron ore stocks as big miners enter a new era
The major producers are posting lower profits and slashing dividends. The pattern is expected to accelerate as a new wave of iron ore supply hits prices. Investors are preparing for a new era of slumping…
ASX faces worst profit season in two years as banks sell off
The Australian sharemarket is on track to record its worst performance during an earnings season in two years after major bank stocks were punished for failing to meet sky-high expectations. The benchmark S&P/ASX 200 Index…
Fed officials are worried about tariffs’ impact on inflation and see rate cuts on hold, minutes show
Federal Reserve officials in January agreed they would need to see inflation come down more before lowering interest rates further, and expressed concern about the impact President Donald Trump’s tariffs would have in making that happen,…
Fed officials are worried about tariffs’ impact on inflation and see rate cuts on hold, minutes show
Federal Reserve officials in January agreed they would need to see inflation come down more before lowering interest rates further, and expressed concern about the impact President Donald Trump’s tariffs would have in making that happen,…
Before the Bell: ASX to fall; Rio Tinto, Telstra, Transurban in focus
Australian shares are poised to open lower for the fourth consecutive day, despite US equities resetting a record high in their previous session. Futures were little changed after a wave of corporate results from ANZ,…
RBA rate caution ‘rubbish’ with more cuts to come
Bond managers are betting as many as three more rate cuts from the Reserve Bank of Australia this year, dismissing governor Michele Bullock’s more cautious stance after the central bank cut rates for the first…
This $6.5 trillion investor has no interest in Australian stocks
The world’s largest wealth manager UBS says it is steering clear of Australia’s sharemarket in favour of China, betting that the blistering rally in that country’s technology sector has further to run. That’s because the…
S&P 500 closes at another record Wednesday as investors look past Trump tariff fears: Live updates
The S&P 500 climbed to a fresh record on Wednesday as stocks remain resilient despite a continuously cautious Federal Reserve and President Donald Trump’s threat of more tariffs. The S&P 500 rose 0.24%, settling at 6,144.15 and earning…
Treasury yields rise as investors await more clues on U.S. economy
U.S. Treasury yields were higher Tuesday after a day’s holiday, as investors looked toward the Federal Open Market Committee meeting minutes later this week and digested a bond sell-off in Europe. The 10-year Treasury yield gained 8 basis…
AGL prepares a big battery bet to capitalise on energy volatility
AGL Energy could approve battery investments worth some $1.5 billion over the next 18 months, as it spots an opportunity in the volatility created by the closure of coal plants and growth of renewable generation.…