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
- Opinion
- Chanticleer
Macquarie’s Viktor Shvets’ lesson from ‘mini heart attack’ on markets
Was the market rout – and rebound – a sign of how fragile markets are, or proof they are actually less risky? Viktor Shvets’ answer might surprise you.
- Updated
- James Thomson
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
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
Traders don’t believe the RBA’s warning on rates
Bond markets are still wagering that the Reserve Bank will cut interest rates this year even as the central bank said it considered a rise on Tuesday.
- Cecile Lefort
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
Traders bet on rapid rate cuts as recession fears deepen
Bond prices are soaring globally after weaker US jobs data rattled investors and prompted traders to dial up the need for urgent rate cuts in both the US and Australia to stem an economic downturn.
- Cecile Lefort
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
Fed’s rate cut conviction sweeps RBA up in global easing hopes
Markets are fully priced for Jerome Powell’s September easing, but economists do not share the same enthusiasm that the Reserve Bank may not be far behind.
- Updated
- Cecile Lefort
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
ACCC wants banks to make foreign exchange calculators more accurate
The regulator has proposed changes to FX calculators to ensure banks subtract fees, so customers have genuine transparency.
- James Eyers
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 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
