Australian shares are poised to open higher, tracking a rally on Wall Street driven by Nvidia and metals stocks. Futures were 0.3 per cent or 29 points higher on Tuesday morning, indicating the S&P/ASX 200 is set to reverse the previous session’s loss amid US President Donald Trump’s plan to… Read More »ASX to rise on Nvidia-led rally; gold retakes record
Stocks rose Monday as major tech names outperformed to start the week, while traders looked past the latest U.S. tariff threat from President Donald Trump. The Dow Jones Industrial Average added 167.01 points, or 0.38%, led by a 4.8% gain in McDonald’s. The 30-stock index closed at 44,470.41. The S&P… Read More »S&P 500 closes higher, Nasdaq pops nearly 1% Monday as investors shrug off tariff worries: Live updates
The stock market is rather calm but can’t seem to relax. In a noisy and fast-shifting news environment, stocks were quietly flattish last week from point to point, even after Friday’s almost 1% drop, which extends a sideways three-month range during which the S&P 500 has traded no more than 3% above… Read More »Stuck stock market is worried about economic growth as Trump’s tariffs dominate headlines
There’s no other way to say it. Metcash updated shareholders on a cringeworthy error to its 2024 AGM results this week. The retail conglomerate led by CEO Doug Jones – overseer of brands such as IGA supermarkets and Mitre 10 – claims to have recently learnt from its securities’ registry supplier Boardroom… Read More »Metcash struggles to make its numbers work
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 year’s tomes, two themes stand out: artificial intelligence disruption is transforming industries at an unprecedented… Read More »Ignore what market says on rates and buy these assets instead
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 has largely anticipated that the market wide earnings downgrades cycle that impacted ASX-listed companies the… Read More »ASX to drop despite optimism about bumper half-year earnings season
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 planning reciprocal tariffs on trading partners. This could mean raising tariff levels across the board… Read More »Dow closes 400 points lower Friday as inflation and tariff fears spur a sell-off: Live updates
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 short as Mounjaro saw lower realized prices. Zepbound and Mounjaro have now underperformed expectations for… Read More »Eli Lilly beats on earnings even as weight loss, diabetes drug sales fall short
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. That caution could keep the S&P/ASX 200, which rallied 1.2 per cent on Thursday, from… Read More »ASX to dip; Nick Scali Australia profit tops guidance; HPI CEO resigns
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 is buying the assets – more than 1 gigawatt of wind and solar farms and… Read More »Major global investors swoop on Cbus and CVC’s $1b green portfolio