Today
ASX to fall, S&P 500 rally runs out of petrol
Australian shares are set to open lower. US stocks sell-off late; Dow sheds 475 points. S&P 500 slides 1.5pc.
- Updated
- Timothy Moore
Yesterday
Global shift in rate cut bets sparks Santa rally
A “dovish” pivot from the Fed last week has lit a fire under equities, which have correctly bet that global monetary settings are shifting gear.
- Updated
- Sarah Jones and Cecile Lefort
ASX to rise, S&P 500 edges closer to record high
Australian shares are set to open higher. Dow, Nasdaq 100 reset record highs. Fed official signals rate cut potential. Oil edges towards $US80 mark. $A rises.
- Timothy Moore
This Month
ASX to rise, Wall Street powers higher
Australian shares are set to advance. S&P 500 paces gains in New York. Oil retakes $US78 mark. $A steady. Apple lower on Watch patent loss.
- Timothy Moore
Bond traders bet on aggressive rate cuts in 2024
They believe Friday’s US inflation report will confirm a cooling in prices and open the door for early rate cuts next year, despite the jawboning from Fed officials.
- Cecile Lefort
- Analysis
- Analysis
Why investors are cheering Argentina’s ‘shock therapy’
Analysts believe the radical measures announced this week by new President Javier Milei offer a realistic opportunity to rescue the South American economy.
- Tim Wallace
This billionaire started his company to avoid paying bank fees
Kristo Käärmann found a cheap way to send British pounds to his native Estonia. His solution now has 16 million global users.
- James Eyers
ASX to rise even as Fed-fuelled surge shows signs of overheating
The Federal Reserve-driven rally in global shares continued overnight, pushing the S&P 500 towards overbought levels.
- Updated
- Andrew Hobbs
Traders double down on RBA rate cuts after Fed pivot
Bond markets are pricing more aggressive monetary easing in the US and Australia after the Federal Reserve flagged a peak in interest rates.
- Cecile Lefort
ASX to jump after Fed greenlights future rate cuts
ASX futures jump as the US keeps its key rate unchanged and says it expects three rate cuts next year; US stocks rose and yields sunk after the announcement.
- Updated
- Andrew Hobbs
‘Shock therapy’: Argentines 54pc poorer as president devalues peso
Argentina’s new president, Javier Milei, is taking the first steps in a shock-therapy program to try and pull the country from an inherited economic crisis.
- Updated
- Kevin Simauchi, Manuela Tobias and Ignacio Olivera Doll
Markets trim rate cut bets before Fed meeting
Hotter-than-expected US inflation data fuelled speculation Federal Reserve chairman Jerome Powell will push back on rate cut expectations at the last meeting for 2023.
- Updated
- Cecile Lefort
ASX to open flat as US inflation prompts traders to trim rate cut bets
US stocks, bonds and the dollar struggled for direction after core US consumer price index, which excludes food and energy costs, increased 0.3 per cent.
- Updated
- Andrew Hobbs
$A shrugs off iron ore rally as US Fed dominates
The Australia dollar remains at the mercy of the Federal Reserve until the middle of 2024, defying the usual strong influence of iron ore prices which typically support the currency.
- Cecile Lefort
ASX to gain as all eyes on US CPI, rates and Bullock
Australian shares are poised for a modestly higher start as investors stay on the sidelines ahead of key US inflation data tomorrow Sydney time and interest rate decisions in the US and UK later this week.
- Updated
- Andrew Hobbs
Wall Street rises despite enduring labour market strength
All three US benchmarks closed the week higher as strong jobs data did little to dent hopes for a 2024 pivot to rate cuts.
- Updated
- Timothy Moore
ASX to slip, Alphabet surge paces Nasdaq rally
Australian shares are set to open modestly lower. Techs bolster S&P 500 and Nasdaq Composite. Oil steadies. Bitcoin slips. $A edges above US66¢.
- Timothy Moore
$A predicted to sink below US60¢ next year
The Australian dollar is forecast to drop below to levels not seen since the pandemic, before rebounding next year once the Fed starts cuts rates aggressively.
- Cecile Lefort
ASX to fall, Wall St fluctuates, oil plunges
Australian shares are poised to fall at the open, tracking losses in New York as oil tumbled anew. Bitcoin hovers at $US44,000.
- Timothy Moore
Slowing economy fuels rate cut bets in Australia
Bonds rallied after weaker-than-expected GDP for third quarter stoked speculation the central bank could start easing monetary policy in 2024.
- Cecile Lefort
