Today
‘Carnage’ in steel markets to sink iron ore below $US90
Analysts can’t understand what is holding up the price of Australia’s key export and Westpac says the market is ignoring key fundamentals.
- 19 mins ago
- Alex Gluyas
This Month
Wall Street edges higher as July’s CPI report awaited
US shares posted modest gains in choppy trading. Larry Summers called for a regulator review of Monday’s VIX spike. Bitcoin hovers near $US60,000.
- Updated
- Timothy Moore
ASX to rise, Wall St rallies as recession fears fade
Australian shares are set to open 1.1pc higher. US jobless claims data eases outlook worries. Gold above $US2400/oz. Oil eyes $US80/bbl. Bitcoin reaches for $US60,000.
- Updated
- Timothy Moore
ASX to slip, Wall St’s rally falters as volatility persists
Australian shares are set to edge down. US stocks reversed early gains as crosscurrents continue and volatility persists. Bullock speech at midday.
- Updated
- Timothy Moore
Red5 launches $138m block trade; Euroz Hartleys on ticket
Shares were priced at 0.335¢ a pop – a 5.94 per cent discount to the five-day volume-weighted average price.
- Sarah Thompson, Kanika Sood and Emma Rapaport
ASX to slip, Wall St rises as dip buyers emerge after rout
Australian shares are set to open lower on late New York pullback. Meta, Nvidia pace tech. VIX falls below 27. US 10-year yield rises. Bitcoin bounces.
- Updated
- Timothy Moore
US equities drop as buyers hold back
The pace of selling gathered momentum as the session progressed in New York, as moves to pare losses proved fleeting.
- Updated
- Timothy Moore
Atlassian falls 17pc as US jobs data flashes recession risk
All three US equity benchmarks fell after July’s jobs report missed expectations and triggered worries the Fed is behind the curve in shifting to rate cuts.
- Updated
- Timothy Moore
US stocks plunge, BoE cuts rates
Shares closed sharply lower in New York after data pointed to slower growth. Earlier, the Bank of England from a 16-year-high.
- Updated
- Timothy Moore
ASX to rise, Nvidia surges higher, Fed holds
Australian shares are set to rise. Techs mostly rebounded, paced by Nvidia’s near 13pc gain. Meta beats with quarterly results. US oil price leaps 5pc.
- Updated
- Timothy Moore
July
ASX to rise, Microsoft drops after results disappoint
Australian shares are set to open higher. Techs hit as nerves fray, dragging S&P 500 and Nasdaq Composite lower. Dow advances.
- Updated
- Timothy Moore
Traders gird for ‘dangerous’ 48 hours in markets
There’s a lot riding on the next few days, with Australia’s quarterly inflation report and the US Federal Reserve’s interest rate decision. Anything less than consensus could rile markets.
- Sarah Jones
Marex raids Jarden’s carbon trading business, opens NZ office
The Nasdaq-listed firm has snared Jarden rainmaker Nigel Brunel and a swathe of the Kiwi investment bank’s carbon trading team.
- Sarah Thompson, Kanika Sood and Emma Rapaport
ASX to fall as oil slides, S&P 500 edges higher in choppy trade
Australian shares are set to open lower. Commodities struggle to catch a bid. Tesla gets Morgan Stanley lift. S&P, Nasdaq pare early gains. Crude below $US80.
- Updated
- Timothy Moore
- Opinion
- Chanticleer
There’s a frightening new bubble building in China
China’s property bubble has popped, its economy is spluttering and its sharemarket is all over the place. Now there’s a new problem to watch.
- James Thomson
ASX to expand into carbon, gas futures trading in transition payday
The market operator expects to list a gas futures contract in August, and is working with the clean energy regulator on a market for carbon credits.
- Kylar Loussikian
ASX to rise as big tech earnings threaten stability
Futures point to a strong start on Monday for the local bourse with the S&P/ASX 200 set to open up 0.8 per cent as volatility is set to return to global sharemarkets this week.
- James Thomson
ASX to rise, Wall St’s rally proves fleeting
Australian shares are set to recoup some of Thursday’s losses. The US economy expanded faster than expected in the June quarter. Atlassian surges higher.
- Timothy Moore
ASX to drop, Nasdaq falls the most since October 2022
Australian shares are set to open lower. Nasdaq Composite sheds 3.6pc as Tesla tumbles 12.3pc, pacing heavy selling among magnificent seven. Nvidia drops 6.8pc.
- Updated
- Timothy Moore
ASX to rise; Tesla misses, Alphabet slightly beats expectations
Australian shares appear set for a modest opening advance. Tesla shares fell in extended trading. Alphabet gets Cloud boost. Oil slides again. Bitcoin slumps.
- Updated
- Timothy Moore
