Pacific Perspectives
Suncorp confident it can rise to challenge of Queensland floods
The deadly northern Queensland floods will not force national insurance premiums higher, Suncorp chief executive Steve Johnston said, but the inundation will test insurers’ ability to restore their social licence, after fumbling a major flood…
Investors wary of busting CBA share price bubble
Commonwealth Bank can do no wrong by the sharemarket and put more distance between its ballooning valuation and blue-chip stablemates such as CSL and BHP with its latest profit update. CBA’s share price defied the…
ASX to rise, IAG profits soar
Australian share futures were modestly higher on Thursday, as investors await a slew of company results reporting across the bourse. ASX futures were just 8 points, or 0.1 per cent, higher at 8am, suggesting the…
Hopes for more Fed rate cuts dim as Powell notes hot CPI means ‘we’re not quite there yet’
A Federal Reserve interest rate cut won’t be coming until at least September, if at all this year, following a troubling inflation report Wednesday, according to updated market pricing. Futures markets shifted from the expectation…
Powell squashes the possibility that the Fed will develop its own digital currency
Federal Reserve Chair Jerome Powell asserted Tuesday that the central bank will not develop its own digital currency as long as he is in charge. Ending several years of speculation whether the Fed would join…
Powell tells Congress Fed still in no rush to lower rates
Federal Reserve chairman Jerome Powell said the US central bank doesn’t need to rush to adjust interest rates, again signalling that officials will be patient before lowering borrowing costs further. “With our policy stance now…
AFR interim profit season calendar and results
Follow the February reporting season as it unfolds here, with dates for all the major ASX companies on the schedule and links to our expert coverage. The Australian Financial Review has compiled the dates for companies…
ASX to rise, CBA’s $5b profit beats forecasts
Australian shares are set for modest opening gains after index bellwether Commonwealth Bank posting a better than expected profit in its half-year reporting. Australian share futures rose 4 points, or 0.1 per cent, to 8440…
S&P 500 ekes out gain even as Powell urges caution on rates, tariffs weigh on markets: Live updates
The S&P 500 posted a narrow gain on Tuesday as investors digested cautious commentary from Federal Reserve Chair Jerome Powell on interest rates. Concerns remain over the direction of the economy amid U.S. tariffs and the possible…
Stocks making the biggest moves midday: McDonald’s, GameStop, On Semiconductor and more
Check out the companies making headlines in midday trading: McDonald’s — The fast-food giant jumped 5% following its earnings announcement. While adjusted earnings came in at $2.83 per share, in line with expectations, revenue of $6.39 billion…