Today
- Opinion
- Chanticleer
The stocks Australia’s biggest LIC is buying
While the LIC sector is under pressure, the 98-year-old Australian Foundation Investment Company is staying patient and hunting for value.
- Updated
- James Thomson
Cbus deputy CIO and head of private markets Alex Campbell resigns
Two years after joining Cbus, Campbell was promoted to head of private markets where her remit broadened to cover $25 billion of FUM
- Sarah Thompson, Kanika Sood and Emma Rapaport
Nvidia bulls are selling – here’s what one fundie is buying instead
The AI market darling is reporting earnings next week, following a jaw-dropping share price run in the last 18 months.
- Updated
- Joshua Peach
ASX to drop, Dow breaks 40,000 for first time
ASX futures lower. US equities pared their early advance to close modestly lower. Gold slips, oil edges up, iron ore rises. Bitcoin steady.
- Updated
- Timothy Moore
- Live
- Markets Live
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.
- Timothy Moore, Tom Richardson, Cecile Lefort, Joshua Peach, Sarah Jones and Alex Gluyas
Yesterday
- Opinion
- Chanticleer
Why bad news has the ASX bulls running
Bad news from the job market turned a good day on the ASX into a great one. Investors are ploughing into market darlings in the firm belief that rate cuts are coming.
- Updated
- James Thomson
Regal allegedly embroiled in South Korean securities investigation
The prominent hedge fund told investors in September it was shorting stocks in South Korea, saying it was focused on “one specific bank”.
- Joshua Peach
The Aussie stock picks that made this fund a top 10
Platypus Asset Management’s Prasad Patkar names Reece among the $5 billion money manager’s key investment calls. But he’s wary of BHP’s big M&A bet.
- Sarah Jones
- Opinion
- Chanticleer
How inflation relief and Buffett’s new bet gave bull market fresh legs
Wall Street popped to new record highs on better than feared US inflation data. But there’s a big contradiction at the heart of the bulls’ outlook.
- James Thomson
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.
- Timothy Moore, Tom Richardson, Joshua Peach, Sarah Jones, Alex Gluyas and Cecile Lefort
ASX to rise, US benchmarks close at record highs
Australian shares are set to open higher after data showed US inflation is cooling. $A eyes US67¢; Bitcoin tops $US66,000. Gold rallies.
- Updated
- Timothy Moore
This Month
Citi calls time on iron ore rally as budget bakes in price plunge
Citi has told investors to “fade the rally” after more signs of weakness in China’s financial sector.
- Joshua Peach
- Opinion
- Chanticleer
Fundies are riding a wave of stimulus. Jim Chalmers just added to it
Investor bullishness is as strong as it’s been since 2021, but one key question in BoA’s latest fund manager survey particularly resonates after the latest budget.
- James Thomson
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.
- Updated
- Timothy Moore, Joshua Peach, Sarah Jones, Alex Gluyas and Cecile Lefort
ASX retail, property stocks to rally from budget boost
The “inflationary” tones from the federal budget could provide a fresh tailwind for the sharemarket, especially for retail and real estate stocks, according to brokers.
- Alex Gluyas
ASX to rise, US equities rally on megacap techs
Australian shares are set to advance. Budget details in focus. Nasdaq resets closing record high. Meme stocks extend surge. Bitcoin struggles.
- Timothy Moore
Does Roaring Kitty’s return signal another round of meme-stock mania?
Shares of GameStop surged on Wall Street after a surprise social media post by Keith Gill, famed for creating a trading frenzy in meme stocks in 2021.
- Subrat Patnaik and Bailey Lipschultz
Investors weigh whether to chase China’s new bull market
The 27 per cent surge in Chinese stocks this year continues to wrong-foot many asset managers, but some are cashing in following a disappointing few years.
- Alex Gluyas
Australian ETF winners had returns as high as 153pc
US megacap tech stocks and cryptocurrencies proved profitable investments in the last year, according to the latest top-performing ETF data – alongside some other surprise standouts.
- Joshua Peach
- Opinion
- Investing
Perpetual’s shrunken shadow casts a pall over public sharemarket
The shrinking of the active fund manager raises more questions about the future of public markets in a world of private alternatives.
- The AFR View
