This Month
Miners boost shares; NAB gains, ASX Ltd falls on profit report
Shares add 1.3pc head for six straight sessions of gains. RBA hoses down rate cut hopes. NAB posts flat profit, warns on bad debts. ASX flags record revenue. Follow here.
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Rate cuts still on the cards despite stellar jobs growth
While the bond market is pricing in a 50:50 chance of an Australian interest rate cut in November, it’s still all-in on December as the global easing campaign intensifies
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Shares post fifth straight day of gains; Telstra, Magellan lift
Jobless rate climbs to 4.2pc. Iron ore hits lowest since 2022. Telstra ups dividend 5.9pc. Cochlear dividend jumps 24pc. Pilbara Minerals flags acquisition. US inflation eases. Follow here.
Rapid rate cuts expected in New Zealand as economy teeters
The kiwi tumbles against both Australian and US dollar after the NZ Reserve Bank cut rates and tips the economy will fall back into recession in 2024.
ASX rises as Pro Medicus and Seven climb; BHP down 3pc
Shares advance at the closing bell; Commonwealth Bank boosts dividend; Pro Medicus books $82.8 million in net profit; ASIC sues ASX Ltd; iron fall tumbles. Follow here for more.
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ASX gains but CSL, Seek weigh on disappointing results
Shares edge up; immunoglobulins unit boosts CSL earnings; Seek hit by job ads fall; Orora knocks back Lone Star’s bid; NBN losses deepen. Follow updates here.
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Why the market’s danger trade could make a comeback
Speculative investors in the so-called yen carry trade could tiptoe back as early as Wednesday as markets appear calmer after last week’s brutal sell-off.
ASX climbs as consumer stocks rally; Beach sinks 13pc
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.
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.
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.
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.
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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.
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.
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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.
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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.
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.
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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.
ASX charts worst day in four years; tech stocks crumble
The sharemarket ended the session 3.7 per cent lower. Wall Street tumbles after July jobs miss. ResMed unscathed by market-wide rout. Follow here for more.
ASX dives 2.1pc as NAB, CBA, Westpac slammed
Shares plunge; Macquarie eyes $1b hybrid issue; Afterpay’s Nick Molnar promoted to head of sales for Block; ResMed revenue up 9pc; Follow updates here.
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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.
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