Today
ASX trims gains; Rio Tinto, Fortescue drop 4pc, JB Hi-Fi gains
Miners and banks offset tech; JB Hi-Fi rallies on higher sales; BlueScope doubles dividend; Austal rebounds; Qube-Macquarie seal takeover; A2 Milk beats forecasts. Follow live.
Cbus, Rest lost $2b to rivals. This is how they want to fight back
As a consumer body lashed major funds for underinvesting in customer service, the superannuation funds say they are fighting with one hand behind their backs.
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
High-frequency hijack has ASX trading like a casino
The Australian sharemarket is witnessing a breakdown in “normal” trading behaviour and stocks are jumping around far more than usual. Who is it good for?
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.
The market’s biggest tech bear is finally growling
GQG Partners’ Rajiv Jain has endured a rough year betting against tech. Now he’s enjoying a moment of vindication and reveals what he’s buying and avoiding.
This Month
S&P 500 reverses early rally as early CPI optimism fades
US equity investors opted to sell into a morning rally with Apple and Nvidia pacing the magnificent seven lower. ASX futures point to a positive Monday start.
Bank supremacy battle, blue chip CEOs exiting and wild ASX moves
James and Anthony discuss this week’s market turmoil, how Macquarie is tearing banking apart and what’s behind a spate of chief executive departures.
Why Arthur Laundy is pumping ‘a substantial figure’ into this sport
The billionaire publican has joined a group of senior investors putting money into a rugby union fund – more than he has invested in shares.
ASX falls 1.4pc on AI jitters; Cochlear, Austal dive, AMP rallies
Despite Friday’s drop, the ASX 200 posts a weekly gain; Cochlear misses expectations; Webjet ends takeover talks; Austal smashed on guidance blunder; gold rebounds. Follow live
GQG’s Jain says he was early but right on decision to sell out of tech
The high-profile fund manager made the comments after the firm posted a jump in profits even as investors withdrew their cash after a year of poor performance.
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.
Australia’s once mighty growth funds watch returns disappear
Top investors including Hyperion, GCQ and Aoris are nursing heavy losses as the violent sell-off in software stocks erode years of market-leading performance.
Frank Calabria’s billion-dollar baby meets the AI buzzsaw
Last year’s good idea can be today’s bad one – that’s life in capital markets.
ASX ends up; ANZ’s best day in six years, AMP, tech sink
ASX gains on banks as ANZ hits record; AMP tumbles after profit fall; renewed AI fears sink software stocks; CSL drops on broker cuts; Temple & Webster, Pro Medicus miss forecasts. Follow live.
ASX’s departing boss says listings pipeline can withstand higher rates
The market operator’s costs jumped 20pc in the December half to meet demands imposed by ASIC, but strong market activity lifted profits.
ASX’s nickel stocks get sugar hit from Indonesia’s output curb
Nickel prices have jumped after the world’s largest mine was instructed to ease production and avoid oversupply, lifting ASX-listed resources stocks.
ASX rises 1.7pc, nears record; CBA’s best day since 2020
Bourse within 100 points of all-time high; James Hardie quarterly beat; $A hits three-year high; CBA betters expectations; CSL dives on miss, CEO exit; Aussie Broadband rockets on AGL telco buy. Follow live.
Get ready for wild markets as earnings season kicks off with a bang
AMP and Temple & Webster are the latest stocks to be slammed by the market. Veteran fund managers warn the volatility is going to get even more extreme.
