Today
- Live
- Markets Live
ASX drops; Azure rallies over 40pc; Westpac falls
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
Yesterday
‘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.
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.
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This Month
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.
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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.
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.
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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.
Shares post worst week in five, gold hits $3150 per ounce, oil gains
Bond yields surge as Biden calls for more war funding. Gold miners climb. BlueScope cuts guidance. Mota to leave Insignia Financial. Tesla, Arm Holdings sink. Follow here.
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Sell-off sends ASX back below 7000, tech stocks lead losses
Shares post their worst one-day performance in four weeks as Biden departs Israel. Unemployment eases to 3.6 per cent in September. Follow for updates here.
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Perennial fundie’s top small-cap healthcare picks
Perennial portfolio manager Damian Cottier has increased the fund’s stake in Calix and shares why he likes Immutep.
ASX rises; Whitehaven rallies 12pc; Credit Corp slumps
Better than expected China GDP pushed shares higher; Woodside narrows production guidance; Whitehaven set to buy BHP’s Queensland coal auction; Cettire doubles revenue. Follow updates here.
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Tears of relief as evacuated Aussies land in Sydney
There were emotional scenes at Sydney Airport as the first rescue flight carrying Australians out of Israel touched down.
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ASX closes higher as tech stocks rally; Bapcor sinks 11pc
Australian shares snap two-day losing streak. RBA members note that “further tightening of policy may be required”. Follow updates here.
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ASX falls; Fletcher Building shares plunge; gold stocks jump
Shares drop at the closing bell; SkyCity CEO and Qantas Loyalty chief resign; Liontown on halt; Magellan to convert Global Fund to open-ended; Gregg named Westpac chairman; Treasury launches 2054 bond. Follow updates here.
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ASX flat; Tabcorp, CSL sink; Forager rallies 9pc
Shares flat at close; US policymakers signal a more cautious policy stance; Albemarle asks Liontown for more time; Tabcorp’s revenue slumps in first quarter; oil eases. Follow updates here.
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Lazard’s Hofflin is sticking with Healius despite ‘disappointment’
The prospect of above-average returns is keeping the health tech company on the books, while Woodside and Santos still offer opportunity even at their higher prices.
ASX rallies, Qantas jumps, BoQ sinks 7pc
Shares track Wall St higher; Qantas chairman Richard Goyder to leave; BoQ profit dives 70 per cent; iron ore miners lift on China stimulus talk. Follow updates here.
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Magellan joins Macquarie’s list of most downgrades
The global fund manager is the newest addition to the bank’s earnings table that tracks negative revisions to consensus earnings forecasts.
ASX rallies above 7000 as traders price in RBA rate cuts
Shares close higher for a fourth straight session. ACCC approves $18.7b Origin takeover. Bond traders bring back the chance of RBA rate cuts before end of 2024.
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ASX edges up; Woodside, Santos shares jump
Shares finish higher at the closing bell; energy and gold stocks surge amid heightened tensions in the Middle East; $A slips as investors pile into the greenback; Wall Street shrugs off robust US jobs figures. Follow here for more.
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