Today
Inside the $12b fund using AI to trade the Federal Reserve
Suhail Shaikh has lived through a feast and famine at the $12 billion global macro shop and has learnt to lean into winning trades and ditch the bearish bent.
Yesterday
Beachside home sells for $1.4m above reserve as auction numbers jump
Proceeds from the sale of the Clovelly deceased estate went to charity, meanwhile auctions remain competitive – but the depth of buyer demand may be easing.
US inflation eases, traders lift odds of third rate cut
The American consumer price index rose 0.2 per cent in January, the smallest gain since July and restrained by lower energy costs.
ASX eyes record high as 80 companies prepare to report
The Australian sharemarket is set to open higher ahead of a busy earnings week. JB Hi-Fi, BlueScope, Treasury Wines Estates and Stockland will report on Monday.
Surging demand has helped Australia’s bond market finally come of age
A jump in issuance is great news for Australian investors and the federal government. But it has not always been this way.
This Month
Westpac profit margins under pressure amid battle for customers
The big four lender made a profit of $1.9b in its first quarter, broadly in line with last year, but said it was seeing some margin pressure.
Nick Scali boss urges patience after soft January trading dents shares
Profit and sales jumped in the first half at the sofa and home furnishing retailer, but investor concerns about a softer outlook sent its shares tumbling.
No room for double standards in empathy
Readers’ letters on the recent protests in Sydney, the age of non-enlightenment, lessons from history and the NDIS provider scam.
From Goldilocks to too hot, markets face an almighty inflation test
Fund managers are starting to rethink a playbook that pushed equities to record highs as Australia emerges as a possible bellwether for the rest of the world.
‘About time’: Calls for Labor government spending review
Australia has scrutinised the tax system five times in the past 40 years but conducted only two comprehensive spending reviews – the last more than a decade ago.
RBA board appointee argued for higher interest rates
Bruce Preston, one of the nation’s top academic monetary policy economists, has been added by Jim Chalmers to the central bank’s cash rate-setting panel.
US rates seen on ‘a long pause’ after January jobs data
The probability of a quarter point rate cut in June fell after the US economy added far more new jobs than expected last month, easing pressure on policymakers.
Treasury contradicts Chalmers on spending blowout
A senior treasury official has contradicted a claim from Jim Chalmers about the contribution of government spending to a $54 billion blowout in the budget.
CBA surfs credit wave to smash share price doubts
Matt Comyn is confident that the bank is on the right technology track in a competitive environment and an uncertain world.
Rate rise dampens interest at open homes
Consumer sentiment and higher rates are likely to slow housing price growth this year.
The $135b ‘government boom’ reshaping the economy
Australia traded iron ore pits for the public purse, swapping the mining boom of the 2000s with a $135 billion public demand surge that’s reshaping our economy.
Chalmers’ inflation claims questioned over excluded spending figures
Federal government spending has injected more than $70 billion extra into the economy over the past two years, exacerbating the budget deficit.
Bank of France governor offers shock early resignation
Francois Villeroy de Galhau abruptly quit with more than a year left in his term, paving the way for Emmanuel Macron to appoint a successor ahead of elections.
Investors are ditching the ASX for Asia’s tech giants
An AI tech frenzy and wave of corporate reforms are fuelling massive returns for North Asian stock markets that have not gone unnoticed by Australian investors.
Why higher rates didn’t touch this $5.618m sale
In Sydney’s eastern suburbs, there are extra sources of wealth that are not affected by an extra quarter of a percentage point on the cash rate.
