Today
- Live
- Markets Live
Consumer stocks push ASX up; Beach slumps 11pc
Shares advance; JB Hi-Fi flags special dividend; Aurizon announces $150 million buyback; Beach Energy plunges into loss; CAR Group revenue jumps. Follow here for more.
- Timothy Moore, Joanne Tran, Cecile Lefort, Alex Gluyas and Sarah Jones
Why this fundie is betting big on Macquarie Group
K2’s George Boubouras is not worried about the recent market turmoil or the US economy, instead he’s betting on mid-caps and Australia’s biggest investment bank.
- Cecile Lefort
Yesterday
- Opinion
- Superannuation
This $300b super fund is making a monster move to stocks
Australian Retirement Trust has decided that a big chunk of its members will do a lot better with their pension nest egg invested in riskier assets.
- Jonathan Shapiro
ASX to rise as earning season sheds light on health of economy
Traders will also look at unemployment figures to be released this week as an indicator of whether the Reserve Bank is preparing to cut – or raise – rates.
- Cecile Lefort
This Month
Market mayhem | PwC tax saga | Stutch’s biggest stories
On a special episode James and Anthony trawl through the greatest hits of the Financial Review’s outgoing editor-in-chief Michael Stutchbury, and look at the sell-off that had global markets in turmoil.
It’s been a brutal week on the sharemarket. Now come the aftershocks
Strategists have warned that Friday’s relief rally could be short-lived, despite better-than-expected jobs data in the US soothing some economic anxieties.
- Alex Gluyas
ASX rallies, but drops 2pc on the week
Shares rally; Whitehaven Coal given legal nod for Narrabri; NewsCorp to sell Foxtel; QBE posts $1.2b profit; Life360 ups guidance; Nick Scali profit slides. Follow updates here.
- Updated
- Timothy Moore, Cecile Lefort, Joanne Tran and Alex Gluyas
Foxtel for sale; Viktor Shvets’ market lesson; Sydney home eyes record
Read everything that’s happened in the news so far today.
Buy the dip: Twenty-six shares fundies would snap up in another rout
More wild market swings are predicted in coming months by some experts. We asked fund managers where they see opportunity.
- Lucy Dean
What to do with your money in market meltdowns
Investors are jittery after US recession fears triggered a global market rout this week. But sudden downturns are a good time to review your investment plans.
- Michelle Bowes
Brokers reveal ‘bargain’ stock picks after ASX meltdown
Analysts are hunting among the rubble of this week’s sharemarket crash, which they say has created an opportunity to snap up some growth and cyclical stocks at bargain prices.
- Alex Gluyas
ASX falls as miners weigh; AMP shares soar 13pc
Shares lower at the closing bell; AMP’s profit rises; former Qantas boss Alan Joyce to lose more than $9 million in bonuses; Myer warns on profit; iron ore falls below $US100. Follow updates here.
- Timothy Moore, Joanne Tran, Joshua Peach, Cecile Lefort and Alex Gluyas
Investors warn global rout may have not gone ‘far enough’
Goldman Sachs, JPMorgan Asset Management and Capitol Group warn that volatility in the market is likely to persist after Monday’s brutal sell-off.
- Joanne Tran
ASX lifts as GPT shines, Rio slumps
Shares reverse early losses; Wall Street firms amid persisting volatility; shares in retailers and property lose steam; lower iron ore prices hit miners. Follow updates here.
- Updated
- Timothy Moore, Cecile Lefort, Joanne Tran, Joshua Peach and Sarah Jones
Hedge funds were busy buying the dip amid turmoil
As trillions of dollars were being erased from global equity markets on Monday as investors fled, some fast money was stepping back in.
- Natalia Kniazhevich
I watched 100 fintok videos – here are five finfluencers to follow
Critics say you can’t explain complex issues in 30 seconds, but some young content creators on TikTok do it really well – particularly Australian women.
- Tim Mackay
- Opinion
- Chanticleer
Euro summer madness is making markets look extreme
It’s easy to forget what day-to-day life looks like on the other side of the world at the moment. But it is an important part of the market sell-off story.
- Anthony Macdonald
ASX rebounds after global rout; Woodside shares tumble
Shares advance at the closing bell; US futures bounce back; Treasury Wine flags impairment; Coronado revenue slumps 10 per cent; Bullock says rate cut not on the agenda in 2024. Follow updates here.
- Updated
- Timothy Moore, Joanne Tran, Joshua Peach, Cecile Lefort and Sarah Jones
‘Fears are overblown’: ASX steadies as recession panic eases
Australian shares were around 0.4 per cent higher, rebounding from the worst sell-off in more than four years.
- Joshua Peach
Bank stocks cauterise bleeding, analysts still stumped on valuations
Banks found a bottom on Tuesday, bouncing off steep losses. Despite the sell-off, analysts say they remain overvalued and earnings season will show why.
- James Eyers and Lucas Baird
