Australian shares are poised to edge higher with commodities advancing on plans by China to do more to bolster flagging growth. The US listed shares of BHP and Rio Tinto each surged more than 4 higher. The currency rallied more than 1.1 per cent, then eased slightly. Bitcoin slid below… Read More »ASX to rise on prospect for bolder China stimulus, Wall St slips
Morgan Stanley says investors should be buying up the Australian dollar and dumping the greenback because the US Federal Reserve will cut interest rates more aggressively than expected and American trade tariff concerns are overblown. The US investment giant’s bullish call is in stark contrast to Australia’s biggest lenders, with… Read More »This US bank makes a bold call on the $A
The S&P 500 and Nasdaq Composite pulled back from record highs Monday, with tech shares struggling and investors looking ahead to key inflation data due out this week. The broad market index fell 0.61% to close at 6,052.85, and the tech-heavy Nasdaq slid 0.62% to end at 19,736.69. The Dow Jones Industrial Average shed 240.59 points,… Read More »Dow drops more than 200 points, S&P 500 pulls back from record as Nvidia slides: Live updates
Rather than smashing jobs or going too soft, the Reserve Bank governor is weaving through the inflation challenge with a hawkish comment here, a dovish quip there and a steady interest rate. It’s 55 minutes into the 1986 World Cup quarter-final between Argentina and England. Diego Maradona, an extraordinary footballer, having… Read More »Michele Bullock could be the Maradona of Australian central banking
Business investment is at recession levels as Australia’s productivity growth slumps to 30th out of 35 rich countries, according to a new McKinsey report that warns declining living standards are now a “national emergency”. Australia has had zero labour productivity growth since 2016, showing up in higher costs for business… Read More »Australia is now an economic ‘problem child’: McKinsey
The ASX 200’s strong rise has been tinged with frustration for many investors because of the banks and miners. UBS is hunting in a different sector in 2025. Talk to any fund manager focused on Australian equities and you’ll quickly come away confused. If the market is so good, why… Read More »Here’s the key ASX sector UBS is targeting in 2025
U.S. stocks were lower on Thursday as investors awaited Friday’s big jobs report. The Dow Jones Industrial Average dipped 248.33 points, or 0.55%, to close at 44,765.71. Meanwhile, the Nasdaq Composite slipped 0.18% to end at 19,700.26. The S&P 500 dropped 0.19%, settling at 6,075.11. The three major averages saw solid gains in the previous session,… Read More »Dow drops more than 200 points, S&P 500 retreats from record as big payrolls report looms: Live updates
Check out the companies making headlines in midday trading. JetBlue Airways — The airline said it sees a smaller decline in its full-year revenue guidance than it originally expected, according to a regulatory filing. Higher-than-anticipated bookings in November and December resulted in JetBlue boosting its forecast. Shares surged 8%. Roku — Shares jumped… Read More »Stocks making the biggest moves midday: JetBlue, Eli Lilly, Pure Storage, Salesforce and more
Australian shares are poised to rise. Tech shares rallied, lifting all three major US benchmarks to record closing high and masking poor breadth. The Dow closed above 45,000 for the first time. The S&P 500 is within 14 points of 6100. Iren surged, and Atlassian was bolstered by a cloud… Read More »ASX to edge up, S&P 500 and Nasdaq lift on techs
Treasurer Jim Chalmers says the private sector must ultimately pull Australia out of its worst economic slump since the 1990s recession, even as economists and business leaders blame his government for discouraging investment and prolonging the pain with record spending. With surging public spending propping up an otherwise moribund economy… Read More »Chalmers admits business must pull Australia out of growth slump