Today
Defence Force ‘ready to fly’ to New Caledonia
Australia is working with French authorities to ensure a quick exit for people seeking to flee strife-torn New Caledonia as soon as the Pacific island nation’s airport is reopened.
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ASX eyes record high as rate cut hopes fuel euphoria for shares
Australian shares are set to advance after the Dow Jones crossed the historic 40,000 level on Friday with Nvidia’s earnings this week destined to test the rally.
This Month
Traders finger ‘pre-hedging’ in ANZ bond probe
Fixed income traders say pre-hedging is “a grey area” riddled with inherent conflicts of interest. ASIC has already targeted Westpac over the practice in swap markets.
Shares drop; Bendigo Bank jumps, SkyCity to pay $67m AUSTRAC penalty
Shares drop 0.85pc. Star’s license suspension extended. US equities swing lower. Iron ore climbs as China posts mixed data. Oil firms. Follow here.
Mortgage relief in sight after traders scrap rate rise bets
A surprise pickup in the unemployment rate has bolstered bets that the next move from the Reserve Bank may be lower. Cooling US inflation data overnight also helped, sending the Aussie dollar to a four-month high.
Shares eye record high on rate cut bets; WiseTech tops $100
Shares post best day in 2024. Economy adds 38,500 jobs on surging immigration. Bond yields retreat. Copper, gold, bitcoin rally. Follow here.
Moody’s warns big ‘structural’ spend will leave budget mired in red
The influential ratings agency said the broader issue was “how effective spending programs such as Future Made in Australia are in allocating resources”.
ASX closes higher; BHP, miners advance, Santos to cut 200 jobs
Shares end higher after budget as BHP jumps; AACo swings to a loss; Iress reveals data leak; CSR hit by energy costs; Q1 wages cool more than expected.
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ASX closes lower ahead of federal budget; critical mineral miners jump
Australian edged down in quiet session ahead of federal budget. Energy and real estate stocks fall. Budget at 7.30pm. US producer prices ahead.
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ASX closes flat, Fletcher, Lendlease drop
Shares flat; Fletcher hit by weak housing market; Lendlease disputes ATO claims; Iress in security breach; ANZ investigated by ASIC. Follow updates here.
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Markets on edge ahead of budget cash splash
Australian shares are set to edge lower on Monday as they wait to assess the impact of federal budget spending on the central bank’s path to an interest rate cut.
Energy pushes ASX higher, Life360 falters
Shares lift; Suncorp homeloans up; QBE premium increases help results; Helia in $100 million share buyback, Upbeat outlook for St Barbara. Follow updates here.
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Investors are set to pile into Australia’s first green bond
European fund managers are backing the federal government’s plans to shed its reputation as a coal polluter, with its $7 billion bond looking well oversubscribed.
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Shares fall; Baby Bunting crashes, retailers dive, banks drop
Shares slip 1.1pc. Retail worries mount on multiple trading updates. CBA’s profit slips 5pc, consumer debts creep higher. Westfield lifts investment after Bondi attack. Follow here.
Some fundies unconvinced the RBA is done with rate increases
Fortlake Asset Management’s Christian Baylis has joined a small number of economists who expect rates to rise, not fall. He says inflation isn’t under control.
Shares flat; Perpetual shares sink on KKR deal, Pinnacle jumps
Shares pare gains. ANZ sticks to Nov rate cut call. Dow rises for five straight days. Goodman lifts guidance. IPH lobs Qantm takeover bid. Leo Lithium sells $US343m tenement stake. Follow here.
Traders trim rate rise bets on patient RBA
The markets are now pricing in just a 15 chance the cash rate will rise again this year after the Reserve Bank stood pat on Tuesday.
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ASX has best day in three months on RBA rate call; banks rally
Shares jump 1.4 per cent at the closing bell as CBA climbs; Reserve Bank revises inflation forecast; ANZ records 7 per cent cash profit decline in first half results. Copper breaches $US10,000. Follow updates here.
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RBA’s radio silence fuels extreme rate rise bets
Traders’ bet that the RBA will lift the cash rate is fuelled by the central bank’s lack of communications since March as it undergoes sweeping reporting changes.
ASX rises ahead of RBA cash rate decision; Westpac rallies
Real estate and technology stocks push shares higher; Qantas agrees to pay $120 million to resolve ACCC dispute; Westpac announces $1 billion buyback; GrainCorp downgrades profit guidance. Follow here for more.
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