Today
- Live
- Markets Live
ASX drops; Azure jumps 42pc; Whitehaven poised to cop strike
Shares fall; US tech stocks dive after earnings shortfall from Alphabet; Westpac’s Ellis tips RBA to raise cash rate on Cup day; SQM to buy Azure for $1.6 billion; Fortescue makes slow start on push for fifth iron ore export record. Follow here for more.
- 1 hr ago
- Joanne Tran, Timothy Moore, Cecile Lefort, Joshua Peach and Vesna Poljak
ASX to slip; Wall St drops after mixed Microsoft and Alphabet results
Australian shares are poised to slip. Wall Street is falling after mixed profit reports from Microsoft and Alphabet. Oil was volatile.
Yesterday
Gucci sales fall as Kering lags peers facing luxury slowdown
Demand for Balenciaga is still suffering from the fallout over an ad campaign scandal last year.
- Angelina Rascouet
‘Assertive’ and ‘transparent’: Economists applaud Bullock’s speech
Economists witnessed Reserve Bank governor Michele Bullock’s inflation fighting credentials first-hand on Tuesday night in her maiden speech in the top job.
- Joanne Tran
ASX ends flat after hot CPI; economists up RBA rate rise bets
Australia’s September quarter CPI reading beats economists forecasts. Real estate stocks fall and iron ore miners rally. Follow updates here.
- Updated
- Timothy Moore, Joshua Peach, Joanne Tran and Cecile Lefort
ASX to rise, Wall Street lifted by data, earnings
Australian shares are set to open higher. Bonds steady after rout. Bitcoin rallies. Microsoft rises, Alphabet falls on quarterly results.
- Updated
- Timothy Moore
This Month
Paramount delays ‘Mission Impossible’ to 2025 amid actors’ strike
The delay of the eighth title in the Mission: Impossible franchise strips parent Paramount Global of an important box office and streaming title next year.
- Thomas Buckley
ASX rises; Lynas, Zip shares climb; Ansell drops
Shares finish higher as investors shrugged off wild movements in the bond market; Ansell says pandemic unwind still has a way to go; Bitcoin leaps through $US31,000. Follow updates here.
- Updated
- Timothy Moore, Joanne Tran, Cecile Lefort, Joshua Peach and Vesna Poljak
- Opinion
- Chanticleer
Janus Henderson CEO’s three planks for risky markets
Ali Dibadj says uncertain markets are “nirvana” for the global asset manager, which is in the midst of a turnaround.
- Updated
- James Thomson
Pricing power delivers First Sentier growth fund Mercer prize
Australian equities geared fund ranked No.1 despite the worst performance over the past quarter among Mercer’s top 10.
- Updated
- Joshua Peach
- Opinion
- Chanticleer
How Bill Ackman set off a wild night on markets
The legendary Wall Street hedge fund billionaire announced that he had covered his short in a night of bond market turbulence where the 10-year Treasury yield hit 5 per cent before plunging.
- James Thomson
ASX to fall, bond volatility persists, Bullock speech on radar
Australian shares are set to open lower, tracking late session weakness in New York. US yields spiked higher, then tumbled. Bitcoin leaps.
- Timothy Moore
Morgan Stanley’s Wilson says profit estimates are too high
The odds of a year-end rally in US stocks are fading as investors face a multitude of risks, according to Morgan Stanley’s Michael Wilson.
- Sagarika Jaisinghani
Profit outlook brightens on gold’s $A record
The gold price’s record high in Australian dollars arrives as the currency falls to US63.2¢ and domestic producers eye higher profit margins.
- Updated
- Tom Richardson
Mining stocks on track for third month of losses as China woes deepen
The ASX’s heavyweight materials sector is facing its longest losing streak since 2021 as worries about global growth offset the incredible run in iron ore.
- Joanne Tran
ASX drops to one-year low as South32 disappoints
Shares tumble; Judo seeks $75 million hybrids, South32 flags 33 per cent drop in coal output; bond yields at 12-year highs; Immutep with positive trial results; Propel Funerals rejects buy offers.
- Updated
- Timothy Moore, Cecile Lefort, Joanne Tran, Joshua Peach and Vesna Poljak
- Opinion
- Chanticleer
The ASX 200 has gone nowhere for 16 years
It’s not just bond yields testing levels not seen since just before the GFC. The ASX 200 is back where it was in November 2007, as Wall Street faces a crucial test.
- James Thomson
Treasury Wine investors brace for slow return to China shelves
The potential end of Chinese tariffs on Australian wines is buoying its shares. But a sales recovery to the mainland may take longer than some expect.
- Joshua Peach
This hedge fund shorted Qantas as Joyce was selling
Marcus Hughes followed Alan Joyce’s lead. He shorted the stock, betting the value of Qantas shares would fall. “Whenever an insider sells, we’ll look at shorting a company.” It worked.
- Joanne Tran
- Opinion
- Sharemarket
Unloved healthcare stocks can reinvent themselves
Those betting on the demise of blue-chip healthcare stocks such as CSL and ResMed might want to rethink based on a review of Microsoft and Apple’s histories.
- Jun Bei Liu
