Pacific Perspectives
ASX to slip, Myer in executive clean out; gold at fresh record
Australian shares are poised to open modestly lower as Wall Street extended its sell-off, with the S&P 500 now in a correction amid escalating uncertainty about the direction and impact of US tariffs. ASX 200…
S&P 500 closes in correction territory Thursday as stocks tumble again on Trump tariff threats: Live updates
Stocks fell on Thursday, with equities unable to shake a three-week market rout under the weight of new tariff threats from President Donald Trump. The S&P 500 dropped 1.39% to settle at 5,521.52. The index ended the…
Europe markets close higher despite U.S.-EU tariff escalation as Ukraine peace hopes buoy sentiment
European markets saw broad gains on Wednesday, even after the European Union announced retaliatory tariffs on a swathe of U.S. imports and President Donald Trump suggested further counter-measures would follow. The regional Stoxx 600 index…
Forrest family powerbroker had alleged role in big Fortescue decisions
Andrew and Nicola Forrest’s private investment chief was deeply involved in decisions made by Fortescue as the ASX-listed mining giant considered deals worth hundreds of millions of dollars, according to evidence provided to a court.…
Why the ASX has avoided the worst of Wall Street’s sell-off
In January as the global investment bank Goldman Sachs hosted their top clients in Davos, a consensus was reached. Donald Trump was about to enter the White House, setting the scene for the year of…
Wall Street tech rout echoes across the ASX, crushing returns
Tesla sneezed and Pinnacle Investment Management caught a cold. In a microcosm of how a sea of red on Wall Street is hurting local investors, the slump in the Elon Musk-run electric carmaker’s share price…
S&P 500 closes higher on soft inflation report, Nasdaq jumps 1% as traders snap up tech shares
The Nasdaq Composite rose on Wednesday after a soft inflation report eased concerns about the economy and as investors snapped up beaten-up technology shares. The tech-heavy benchmark added 1.22% and closed at 17,648.45, while the S&P 500 gained 0.49%…
2-year Treasury note yield bounces from October low as investors await U.S. inflation report
U.S. Treasury yields rose on Tuesday as investors awaited the latest reading on the consumer price index report. The benchmark 10-year Treasury yield was nearly 7 basis points higher at 4.278%. The 2-year Treasury yield was last 4 basis points…
Why the ASX has avoided the worst of Wall Street’s sell-off
In January as the global investment bank Goldman Sachs hosted their top clients in Davos, a consensus was reached. Donald Trump was about to enter the White House, setting the scene for the year of…
ASX heads towards correction as investors sell out of choppy waters
The Australian sharemarket is on the brink of a correction and investors are bracing for a long wait for calm to return to trading after US President Donald Trump’s aggressive policies unleashed panic, erasing billions…