Pacific Perspectives
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.…
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…