Pacific Perspectives
ASX to fall on rate rise fears even as Wall Street cheers Fed cuts
Local shares are set to fall further behind their US counterparts this week as traders ramp up bets the Reserve Bank of Australia will lift interest rates next year, while Wall Street cheers further easing…
S&P 500 closes lower as investors tap brakes before Fed decision this week
The S&P 500 pulled back on Monday as investors awaited the Federal Reserve’s last meeting of the year later this week. The broad market index fell 0.35% to close at 6,846.51, while the Nasdaq Composite slid 0.14% to settle…
Global week ahead: Fed’s December decision to inform world’s central banks
The arrival of December has heralded a shift in sentiment towards the Federal Reserve’s next move. Just three weeks ago, the market did not view a rate cut in the final month of the year as…
LNG giants make last ditch concessions to avert export controls
A consortium of major gas exporters in Queensland has offered to cut purchases of gas from local suppliers and trim LNG shipments in a last-minute bid to head off more onerous obligations to supply the…
Climate investors bet on $40m home electrification start-up
Ecotone Partners’ The Planet Fund, a climate-focused fund backed by Robyn Denholm’s Wollemi Capital and the Milgrom’s family office, has bet on a start-up that is seeking to electrify Australian households. The Planet Fund has…
ASX to fall on rate rise fears even as Wall Street cheers Fed cuts
Local shares are set to fall further behind their US counterparts this week as traders ramp up bets the Reserve Bank of Australia will lift interest rates next year, while Wall Street cheers further easing…
S&P 500 closes higher, notching four-day win streak and nearing record after light inflation reading
The S&P 500 edged higher on Friday, securing its fourth straight winning day, as traders digested inflation data that could provide further incentive for the Federal Reserve to lower interest rates next week The broad market index…
Stocks making the biggest moves midday: Microsoft, Netflix, Marvell Technology, GitLab & more
Check out the companies making the biggest moves midday: Genius Sports — The sports analytics company jumped 8% after setting lofty 2028 targets at its investor day. Genius sees “group revenue” totaling $1.2 billion by then,…
It took just three hours for the RBA’s big problem to be exposed
It’s easy to dismiss Reserve Bank of Australia governor Michele Bullock’s regular appearances before Senate estimates as political point-scoring exercises, mainly because they are. But inadvertently, the questions in Wednesday morning’s session, which came just…
There are still cheap, quality stocks out there. Here’s where to look
Amid mounting fears of an artificial intelligence-led bubble, many investors feel trapped between the optimists who say high valuations for stock prices make sense because AI is the biggest tech revolution ever, and the pessimists…