Pacific Perspectives
Ignore what market says on rates and buy these assets instead
Each January, investment banks publish their annual outlooks on economies and asset classes – hundreds of pages of research that often feel too long to read, even for their authors. But after sifting through this…
ASX to drop despite optimism about bumper half-year earnings season
Investors expect a bumper half-year reporting season, hoping for a string of earnings upgrades in a wave of optimism caused by improving economic conditions and anticipation that interest rates will be cut. The Australian sharemarket…
Dow closes 400 points lower Friday as inflation and tariff fears spur a sell-off: Live updates
Stocks slid on Friday as a mix of news related to tariffs and inflation worried traders to close out the week. Major benchmarks took a leg lower during the session after President Donald Trump said he was…
Eli Lilly beats on earnings even as weight loss, diabetes drug sales fall short
Eli Lilly on Thursday reported mixed results for the fourth quarter, even as demand for its blockbuster weight loss drug Zepbound and diabetes treatment Mounjaro soared. The company’s quarterly earnings topped Wall Street estimates, but sales fell just…
ASX to dip; Nick Scali Australia profit tops guidance; HPI CEO resigns
Australian shares are poised to open lower in line with cautious trading on Wall Street, as investors await January’s US jobs data to assess the potential for further interest rate cuts by the Federal Reserve.…
Major global investors swoop on Cbus and CVC’s $1b green portfolio
Potentia Energy, the renewable power group owned by Italy’s Enel and Japan’s Inpex Corporation, is buying big stakes in a suite of wind and solar projects across the country worth about $1 billion. The company…
Investors storm bond sale ahead of possible RBA rate cut
When the Australian government asked for bids for a new bond this week it was bowled over in the rush. Australian government bonds have long proved popular with investors because of the robust domestic economy…
S&P 500 posts modest gain, notching third straight winning session
The S&P 500 climbed for a third straight session on Thursday as investors weighed the latest batch of corporate earnings. The broad market index added 0.36% to 6,083.57, while the Nasdaq Composite rose 0.51% to 19,791.99. The Dow Jones Industrial…
Stocks making the biggest moves midday: Alphabet, Apple, Uber, Nvidia and more
Check out the companies making headlines in midday trading: Alphabet — Shares sank nearly 8% after the Google parent reported fourth-quarter revenue of $96.47 billion, short of the $96.56 billion expected from analysts polled by LSEG. Alphabet also…
ASX snaps two-day losing streak; Insignia, Pinnacle rally
The sharemarket closed higher on Wednesday for the first time this week, buoyed by mining companies that tracked a rally in commodity prices. The S&P/ASX 200 finished 0.5 per cent, or 42.9 points higher at…