The Australian sharemarket is on track to record its worst performance during an earnings season in two years after major bank stocks were punished for failing to meet sky-high expectations. The benchmark S&P/ASX 200 Index has dropped 1.9 per cent this month, which is already the biggest decline since February… Read More »ASX faces worst profit season in two years as banks sell off
Federal Reserve officials in January agreed they would need to see inflation come down more before lowering interest rates further, and expressed concern about the impact President Donald Trump’s tariffs would have in making that happen, according to meeting minutes released Wednesday. Policymakers on the Federal Open Market Committee unanimously decided… Read More »Fed officials are worried about tariffs’ impact on inflation and see rate cuts on hold, minutes show
Federal Reserve officials in January agreed they would need to see inflation come down more before lowering interest rates further, and expressed concern about the impact President Donald Trump’s tariffs would have in making that happen, according to meeting minutes released Wednesday. Policymakers on the Federal Open Market Committee unanimously decided… Read More »Fed officials are worried about tariffs’ impact on inflation and see rate cuts on hold, minutes show
Australian shares are poised to open lower for the fourth consecutive day, despite US equities resetting a record high in their previous session. Futures were little changed after a wave of corporate results from ANZ, Telstra and Wesfarmers, among others, were announced. ASX futures fell 0.5 per cent, or 38… Read More »Before the Bell: ASX to fall; Rio Tinto, Telstra, Transurban in focus
Bond managers are betting as many as three more rate cuts from the Reserve Bank of Australia this year, dismissing governor Michele Bullock’s more cautious stance after the central bank cut rates for the first time in more than four years. Money market are pricing in a total of 46… Read More »RBA rate caution ‘rubbish’ with more cuts to come
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 $US4.1 trillion ($6.5 trillion) investment giant thinks Australian equities are just too expensive given earnings… Read More »This $6.5 trillion investor has no interest in Australian stocks
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 its second record close in a row. The index also touched a fresh all-time high… Read More »S&P 500 closes at another record Wednesday as investors look past Trump tariff fears: Live updates
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 points at 4.556%, while the 2-year Treasury yield advanced more than 4 basis points at 4.308%. One… Read More »Treasury yields rise as investors await more clues on U.S. economy
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 electricity and gas giant set a new goal for 1.4 gigawatts of new storage… Read More »AGL prepares a big battery bet to capitalise on energy volatility
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 told investors on Monday that margins had fallen despite more loans being written because it… Read More »The ASX queries Bendigo Bank’s disclosures after share price tumble