Today
Glen Point Capital’s Neil Phillips found guilty of FX fraud
The former hedge fund executive faces a maximum of 10 years in prison but will have to wait until March 14 to hear his sentence.
- Chris Dolmetsch, Carter Johnson and Greg Farrell
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
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 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
US stocks stumble on heightened Middle East tensions
US shares closed down, with investors wary of weekend geopolitical developments. Iron ore falls. Gold extends rally. ASX futures drop 0.9pc.
- Timothy Moore
ASX futures, Wall Street whipsaw lower on Powell
The yield on the US 10-year spiked towards 5pc as the Fed boss signalled rates may need to rise if the economy’s strength persists. Telsa drops. Netflix surges.
- Updated
- Timothy Moore
ASX to drop, oil rises, US bond yields advance
Australian shares are set to tumble 1.2pc. US 10-year yield tops 4.9pc. Netflix surges on subscriber boost. Tesla confirms margin hit. Jobs data pending.
- Timothy Moore
ASX to rise, Nvidia paces techs lower, US yields surge again
Australian shares are set to edge higher. US shares were modestly lower after strong retail sales bolstered rate bets. REA in the spotlight. Bullock to speak.
- Updated
- Timothy Moore
ASX to rise, Wall Street rallies on tech, oil eases
Australian shares are poised to rise. NZ CPI at 8.45am; RBA minutes at 11.30am. All three US benchmarks near 1pc higher. Bitcoin briefly tops $US29,000.
- Timothy Moore
ASX to fall, RBA in focus, US reporting season accelerates
Australian shares are poised for an opening loss with geopolitics in focus, as well as oil and gold.
- Timothy Moore
US stocks close mostly lower, oil surges, gold rallies
The S&P 500 and Nasdaq each slid, as concerns mounted ahead of a potential ground invasion of Gaza by Israeli forces. The volatility index leapt.
- Timothy Moore
ASX to drop, $A plunges as CPI supercharges US bond yields
Australian shares are set to fall at the open, tracking losses in New York. The prospect of higher US rates hammered the currency. US 10-year yield leaps.
- Timothy Moore
ASX to edge up, $A pares losses on cautious Fed
Australian futures reversed early losses as Wall Street rallied into the close. Fed officials see balanced risks. Oil prices ease. US 10-year yield drops.
- Updated
- Timothy Moore
ASX to rally, US bond yields tumble on bets rates at peak
Australian shares are set to open higher, tracking overseas gains. Volatility eases. China seen ready for decisive growth boost.
- Timothy Moore
Arm’s shares get helping hand as IPO banks weigh in
The flurry of recommendations marked the end of the quiet period for the almost 30 banks that underwrote Arm’s float, which raised $US4.87 billion for SoftBank.
- Aditya Soni and Roshan Abraham
ASX to rise, oil gains, US stocks edge higher
Australian shares are set to open up on Tuesday. Brent was up though steady. Energy shares rallied in New York. US bond yields to drop.
- Updated
- Timothy Moore
Bank watchdog moves ahead with new ESG rule feared across Europe
Supported by the ECB and lambasted by the sector, the GAR reflects the share of a bank’s balance sheet that aligns with the EU’s sustainable business activities.
- Frances Schwartzkopff
ASX to open slightly up; US bonds heap pressure on markets
Australian shares are set to open slightly higher as the US bond market continued to trouble investors and unemployment figures indicated the labour market was still hot.
- Natasha Rudra
