Latest
‘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.
- 9 mins ago
- Alex Gluyas
Guzman y Gomez in ‘striking distance’ of joining ASX 200
The Mexican fast-food chain has a good shot at joining the major benchmark next month, potentially attracting millions of dollars of new investment.
- 29 mins ago
- Sarah Jones
JB Hi-Fi rallies; CFMEU jail warning; A luxury home agent speaks
Read everything that’s happened in the news so far 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
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
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 & Analysis
Time to panic or the correction we had to have?
Investors’ hope for a Goldilocks scenario all came unstuck last week. But rather than succumb to hysteria, it’s better to recalibrate risk appetite.
Former advisor Paul Keating
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.
Columnist
‘Safe harbour’ talk sends Mosaic Brands into rougher seas
The obvious question to ask here is: should the company have disclosed this fact? The less obvious answer is no, not under ASX continuous disclosure requirements.
Senior reporter
There’s ‘only one outcome’ that really matters, and it’s not Trump v Harris
Calmer markets mean investors are back to worrying about US politics and the Middle East conflict. But this leading strategist says both fears are overdone.
Columnist
Companies in the News
Macquarie Group
Woodside Energy Group
Regional Express Holdings
Updated: Aug 12, 2024 – 1.54pm. Data is 20 mins delayed.
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Meet the Fundie
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
Lessons from 40 years of investing, from one value investor to another
Dougal Maple-Brown discusses his family’s decision to sell the famed Sydney boutique founded by his father, the late Robert Maple-Brown.
- Joshua Peach
Perennial prepares to unleash war chest on small caps
After a bruising few years for the money manager’s smaller companies fund, Andrew Smith is readying his team for the next big buy: the August reporting season.
- Sarah Jones
More From Today
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
- Sharemarket
Time to panic or the correction we had to have?
Investors’ hope for a Goldilocks scenario all came unstuck last week. But rather than succumb to hysteria, it’s better to recalibrate risk appetite.
- Stephen Miller
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.
- Timothy Moore, Cecile Lefort, Joanne Tran and Alex Gluyas
Why this week’s market drama may be only halfway done
A week of immense panic on global markets has ended with an uneasy calm and big questions about what comes next.
- James Thomson
- 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.
- James Thomson
Foxtel for sale; Viktor Shvets’ market lesson; Sydney home eyes record
Read everything that’s happened in the news so far today.
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.
- Timothy Moore
L1 Capital shorts CBA as cracks emerge
The hedge fund has become the latest to take the so-called “widow-maker” trade against Australia’s largest bank.
- Joshua Peach
Here’s how this climate fund smashed the market
Munro Partners portfolio manager James Tsinidis talks about the power crunch in the US, how Nvidia can double its earnings and names a small cap that he thinks is too cheap.
- Joanne Tran
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
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.
- Timothy Moore
- Opinion
- Insolvency
‘Safe harbour’ talk sends Mosaic Brands into rougher seas
The obvious question to ask here is: should the company have disclosed this fact? The less obvious answer is no, not under ASX continuous disclosure requirements.
- Jemima Whyte
Profit season calendar and results
Here is a list of dates Australian companies are reporting earnings results this month.
- Ciara Seccombe
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
Why the market doesn’t believe the RBA on rates
Despite the surprisingly strong hawkish rhetoric from the Reserve Bank this week, bond traders (and some economists) aren’t buying it.
- Cecile Lefort and Sarah Jones
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.
- 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
