Frankfurt | The European Central Bank lowered borrowing costs for a fifth time since June, with the region’s economy stalling and the 2 per cent inflation target in reach. Officials reduced the deposit rate by a quarter-point to 2.75 per cent — as predicted by all analysts in a Bloomberg poll.… Read More »ECB cuts rates for fifth time as eurozone economy flat lines
US and Australian monetary policies are on increasingly different paths. The Federal Reserve has indicated it is in no rush to cut interest rates, while in Australia, expectations of Reserve Bank easing are on the rise. On Thursday, National Australia Bank joined the other big four in tipping an interest… Read More »US Fed cools rate cut talk as prospects of RBA easing balloon
Stocks rose on Thursday, posting gains in a bout of rocky trading as investors weighed the latest earnings from Big Tech companies. The Dow Jones Industrial Average popped 168.61 points, or 0.38%, closing at 44,882.13. At its session highs, it had added nearly 300 points. The S&P 500 rose 0.53% to 6,071.17, while the Nasdaq… Read More »Dow closes more than 150 points higher in volatile session after slew of earnings reports: Live updates
The Federal Reserve held its key interest rate in check Wednesday, reversing a recent trend of easing policy as it examines what is likely to be a bumpy political and economic landscape ahead. In a widely anticipated move, the central bank’s Federal Open Market Committee left unchanged its overnight borrowing rate in… Read More »Fed holds rates steady, takes less confident view on inflation
Australian stock futures see-sawed on Thursday after Federal Reserve chairman Jerome Powell admitted he would like to see further progress on inflation and a slew of US technology names produced mixed fourth quarter results. ASX futures slipped 5 points just before 8.30am AEDT. On Wall Street, markets see-sawed – reporting… Read More »ASX flat as Fed holds rates; Nvidia slumps
The chances of a pre-election rate cut increased sharply on the release of softer-than-expected inflation data, firming the prospect of an April poll date and giving Labor a boost ahead of a campaign to be fought on cost-of-living pressures. After new data showed underlying inflation tumbled from 3.6 per cent… Read More »February rate cut and April election in play after inflation drops
JPMorgan has doubled down on its bet on Australia’s technology sector and is bullish on the prospects for property trusts, healthcare and consumer discretionary stocks this year, steering investors away from the big four banks. The broker’s newly released 2025 Australia outlook increased its “overweight” in tech stocks by adding… Read More »JPMorgan reveals its ‘super seven’ ASX stocks for 2025
The S&P 500 slid on Wednesday after the Federal Reserve left interest rates unchanged in its first policy decision of the year, while Nvidia slipped following a strong session. The broad market index fell 0.47% to close at 6,039.31, while the Nasdaq Composite lost 0.51% to end at 19,632.32. The Dow Jones Industrial Average shed 136.83 points, or 0.31%, to… Read More »S&P 500 closes lower as Fed pauses rate cuts, Nvidia resumes slide: Live updates
Points The Federal Reserve gathers this week for the first time in the second presidential term of Donald Trump, who has already signaled that he wants lower interest rates. If virtually every indication so far is accurate, the new leader of the free world is unlikely to get what he… Read More »The Fed meets for the first time since Trump’s term started. Here’s what to expect
Sydney’s Macquarie Street, home to some of Australia’s most deep-pocketed money managers, has just welcomed its newest entrant: high-profile stock picker Jun Bei Liu and her new investment firm, TenCap. Liu and co-founder Jason Todd, who until late last year was the chief investment officer at Commonwealth Bank’s private bank,… Read More »Jun Bei Liu ready to open doors of new start-up