Pacific Perspectives
The ASX queries Bendigo Bank’s disclosures after share price tumble
Bendigo and Adelaide Bank has defended its decision not to warn the market earlier that its earnings would be far worse than expected, a disclosure that sent shares sharply lower this week. The regional lender…
Market tips two more rate cuts despite RBA caution
Money markets are still pricing in two more interest rate cuts this year, despite Reserve Bank of Australia governor Michele Bullock saying she does not have the same confidence after easing monetary policy for the…
S&P 500 sets fresh record as stocks rally into the close
The S&P 500 closed at a record high Tuesday after stocks rallied seconds before the closing bell, as investors shook off headwinds on the global trade and inflation fronts. The broad market index gained 0.24%…
Tencent shares at highest in over three years; Asia-Pacific markets mostly higher
Asia-Pacific markets traded mostly higher Monday, as investors parsed Japan’s fourth-quarter economic growth data, while awaiting a slew of central bank decisions from the region this week. Japan’s Nikkei 225 traded around the flatline to close at…
Tencent shares at highest in over three years; Asia-Pacific markets mostly higher
Asia-Pacific markets traded mostly higher Monday, as investors parsed Japan’s fourth-quarter economic growth data, while awaiting a slew of central bank decisions from the region this week. Japan’s Nikkei 225 traded around the flatline to close at…
Aurizon revisits splitting rail network from haulage business
Aurizon has resurrected the possibility of splitting up apart its rail haulage and rail tracks businesses as the Brisbane-based company’s earnings slide and its share price hovers close to historic lows. Aurizon’s stock has lost…
$A set to soar if RBA holds fire on rates
The Australian dollar could soar on Tuesday should the Reserve Bank of Australia hold fire in cutting interest rates, wrong-footing the market that has a lot of money riding on some rate relief. The Australian dollar…
Here’s how fund managers will trade the RBA’s rate decision
Fund managers are tipping that this week’s widely expected interest rate cut from the Reserve Bank of Australia will broaden out the sharemarket’s rally to the more rate sensitive sectors, including property stocks and retailers.…
Fed Governor Bowman says more progress on inflation is needed before further rate cuts
Federal Reserve Governor Michelle Bowman said on Monday that while monetary policy “is now in a good place,” she wants to see data reflect more progress on inflation before cutting interest rates further. “I would…
Amazon workers reject union in vote at North Carolina warehouse
Amazon workers at a facility near Raleigh, North Carolina, overwhelmingly voted against unionizing on Saturday. Of the 3,276 ballots cast, there were 2,447 votes opposing the union and 829 in favor, according to the National Labor…