Pacific Perspectives
Stocks making the biggest moves midday: Coherent, Victoria’s Secret, Marvell, HPE, Generac, Intuit & more
Here are the companies making headlines in midday trading. Generac — The power generator stock climbed almost 6% after the company said it would supply backup power for a “leading hyperscale data center operator.” CEO Aaron…
This ‘no-brainer’ sector still gives investors headaches
The $2.5 billion sale of Estia Health has put the spotlight on aged care valuations as government funding changes underpin growth. But investors remain wary. On paper, investing in Australian aged care should be a…
Welcome to the Bedout Basin, Australia’s newest oil frontier
Santos has locked in a huge drilling rig to explore a region it has described as the next North West Shelf, in a campaign that will include London-listed oil giant BP and could dramatically improve…
ASX to rise, GDP data awaited
Australian shares are set to open higher, tracking modest gains on Wall Street. Oil was steady. Bitcoin tumbled below $US68,000. ASX 200 futures were up 38 points or 0.4 per cent to 8789. In New…
Iran has mined ‘large segments’ of Hormuz Strait, Secretary of State Rubio says
Secretary of State Marco Rubio said Tuesday that Iran has mined “large segments” of the Strait of Hormuz, indicating that explosives in the strategic sea lane are more widespread than previoulsy acknowledged. Source: https://www.cnbc.com/2026/06/02/iran-war-strait-hormuz-marco-rubio-mine.html
The stock market just did something eerily similar to the dot-com bubble top in 2000
Source: https://www.cnbc.com/2026/06/01/the-stock-market-just-did-something-eerily-similar-to-the-dotcom-bubble-top-in-2000.html
IFM Investors lashes ‘unreasonable’ Atlas Arteria valuation
IFM Investors says an independent expert’s valuation of takeover target Atlas Arteria is unbalanced and based on unreasonable assumptions, after it assessed the toll road group to be worth over $1 billion more than IFM’s…
Oil markets trading ‘tweet-by-tweet’ but supply cliff looms
In some corners of the oil market, traders are betting that a peace deal between the US and Iran is imminent which has sent future contracts that expire in June plunging by almost 20 per…
ASX dogs to get some reprieve this year after CGT shake-up
The first week of June typically kicks off a wave of selling in some of the Australian sharemarket’s biggest laggards as investors try to lower their tax bill before the end of the financial year.…
Stock futures tick lower after all three major indexes close at new records
U.S. stock futures ticked lower on Monday night after all three major indexes rose to fresh records during the regular session. S&P 500 futures slipped 0.2%, while Nasdaq 100 futures shed 0.3%. Futures tied to the Dow Jones Industrial…