Today
The Aussie funds that beat bitcoin and big tech
It was often savvy bets at the smaller end of the market that shot the top-performing fund managers to the top of the leader table in the last financial year.
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Tech sector plunges; traders lift bets on interest rate increase
Jobless rate edges higher in line with expectations, job gains beat forecasts. Domino’s cuts guidance. Telix lifts sales forecasts. Nasdaq posts worst day since 2022. Follow here.
Yesterday
Investors size up ASX small caps as Wall Street pops
With the US central bank looking like it will begin cutting rates, smaller stocks there have been on a tear. The same could happen in local equities.
ASX resets record as property, tech rally; gold stocks climb
Shares extend advance above 8000 points; BHP breaks iron ore export record, promises copper lift; Cettire flags revenue, customers ahead of FY24 report; gold climbs to record; New Zealand Q2 inflation slows, keeps rate cuts on the table. Follow updates here.
This Month
ASX slips back below 8000 as BHP, Rio Tinto weigh; DroneShield sinks
Australian shares end lower. The Dow closes at a record high. Bitcoin bounces. Rio Tinto’s iron ore production slips. Follow updates here.
ASX tops 8000 as rates rally sweeps global markets
Shares hit never-before-seen heights on Monday, but strategists are warning that the issues facing the Australian economy are far from over.
ASX crosses 8000 as tech stocks rally
Shares rise amid broad rally; iron ore advances; China growth weakens more than expected as outlook darkens; haven rush on investor minds after the assassination attempt on former US president. Follow here for more.
Should Rio Tinto buy out this ASX lithium miner? Citi thinks so
The investment bank told clients that acquiring Arcadium Lithium could be a more economic option for the iron ore giant than developing its own projects.
Three little-known stocks driving this veteran’s mega returns
Pengana’s James McDonald discusses his blockbuster year and the ASX-listed stocks he is backing into the new financial year.
Shares hit record high; CBA tops BHP as market’s most valuable company
NAB hits post-GFC high. CBA hits record high. BHP falls. Traders ramp bets on US Fed rate cuts on shock inflation data. Bond yields fall. Citi tips Rio to do lithium deal. Follow here.
ASX jumps as CBA rallies; BHP suspends nickel production
Local shares neared a record high after a broad rally led by CBA. BHP concludes nickel review. ANZ Bank targeted by regulator. Cettire jumps. US June CPI ahead. Follow here.
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Macquarie says it’s time to buy real estate stocks before rate cuts
The broker has warned that the “best” phases for ASX returns is behind us and is urging investors to buy more defensive companies amid signs that returns are starting to falter.
Miners drag ASX lower; Insignia falls 7pc; Bell Financial jumps
Shares decline at the closing bell; Incitec Pivot stops sale negotiations for fertilisers business; Bell Financial forecasts 47 per cent profit jump; miners fall as iron ore futures lower. Follow updates here.
Aussie ETFs top $200b as investors flood back to stocks
Strong performance from funds exposed to global equities are drawing investors and fund managers to the fast-growing local ETF market.
ASX climbs nearly 1pc amid broad-based rally; Telstra jumps
Shares rise at the closing bell; Telstra increases price of mobile plans; Bapcor rejects Bain Capital takeover bid and appoints local 7-Eleven chief executive Angus McKay as CEO. Follow updates here.
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ASX slips as iron ore sell-off extends; BHP, Rio Tinto fall
Australian shares edge lower. Core Lithium rallies as other lithium miners fall. Iron ore extends Friday drop.
The next global investing megatrend: war stocks
Governments around the world are ramping up military spending – and fund managers are positioning accordingly.
Banks, miners drag shares lower; Magellan, GQG jump
Shares lose 0.1pc. $A gains as traders eye RBA. UK’s FTSE rallies on Labour govt. Wall St closed. US jobs data, French elections ahead. Follow here.
Phil King’s Regal Partners set for major payday after banner year
Soaring funds under management and strong performance pushed fees at the investment house, which has snapped up several rivals this year, to record levels.
Miners boost shares; Santos jumps, bitcoin sinks again
Shares rise 1pc. Lendlease, Stockland deal faces ACCC opposition. Magellan jumps. Japanese shares, Nasdaq hit record high. Gold, oil climb. Follow here.
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