Today
House sellers pocket $300,000 gross profits as prices rise
The sharp increase in prices in the September quarter delivered a windfall for many vendors, but profits are expected to weaken next year as prices are predicted to fall.
- Nila Sweeney
UK inflation slows more than forecast, fuelling rate-cut bets
Consumer prices rose 3.9 per cent from a year earlier, down from 4.6 per cent in October, according to the latest monthly data.
- Tom Rees and Lucy White
Surprise fall in UK services inflation may hold key to rate cuts
Economists expect services inflation to continue subsiding, pushed lower by the drop in energy prices, the weakening jobs market and lacklustre demand.
- Tom Rees
Manufacturing sector mood hits lowest level since the GFC
A net 41 per cent of manufacturers expect conditions to worsen during the next six months, according to the ACCI-Westpac industrial trends survey.
- Michael Read
Yesterday
ACCC wants switching banks to be as easy as ditching mobile providers
Gina Cass-Gottlieb’s ACCC deposit inquiry calls for Australia to introduce an account switching service like the ones that operate in Britain and the Netherlands.
- James Eyers
- Opinion
- Chanticleer
Rally has more room to run as investors get three green lights
The market has built a head of steam in the last two months, and until there’s a clear risk to the Goldilocks soft landing scenario there is little reason for the bulls to turn.
- James Thomson
This Month
- Opinion
- Chanticleer
Red Sea oil spike is exactly what markets and central banks don’t need
Falling energy price have made the fight against inflation much easier, which in turn has boosted markets. The Red Sea attacks threaten to change that.
- James Thomson
RBA warns it may raise rates again, but markets predict cuts
Markets doubt the central bank will deliver any more rate rises, despite warning it may need to deliver another increase if inflation remains high.
- Michael Read
Fed officials add to chorus pushing back against rate-cut bets
Chicago Fed president Austan Goolsbee said he was surprised by the outsize market reaction to the Fed’s updated quarterly economic projections last week.
- Catarina Saraiva
Zip raises $150m corporate loans at 15pc
The buy now, pay later company says it has refinanced its corporate loan, the latest in a long-running effort to clean up its balance sheet.
- Jonathan Shapiro
- Opinion
- Chanticleer
What’s behind Monday’s $5b deal frenzy
A burst of pre-Christmas deals isn’t unusual. But the impressive market rally in the past six weeks has helped unstick some deals that have been simmering for some time.
- James Thomson
- Opinion
- Chanticleer
Why it might be time to strap in for a wild end to 2023 on markets
Shares have rallied hard in the past six weeks, but more big moves in the dog days of December aren’t out of the question.
- James Thomson
BHP at $100, shorting banks, Qantas chaos: the best of Monday Fundie
From Regal to Ellerston Capital and Morningstar, the 48 fund managers profiled by the Financial Review were early, wrong and on the money in 2023.
- Jonathan Shapiro and Sarah Jones
What top CEOs expect Australia’s economy to look like in 2024
Corporate leaders reckon inflation will linger, but say Australia will avoid a recession in 2024.
- Updated
- James Thomson and Anthony Macdonald
- Opinion
- Chanticleer
C-suite takes us on a joyride of the economy
‘Resilient’ is the word of the year, and unemployment is the thing to watch, according to Australia’s big CEOs.
- Anthony Macdonald
Top CEOs say economy’s soft landing on track
Australia’s top bosses think immigration should bring another year of economic growth, but believe 2024 is likely to be tougher than this year.
- James Thomson and Anthony Macdonald
- Opinion
- Private equity
Why Wall Street’s alternative asset managers are singing
Wall Street’s biggest thing since private equity is celebrating a breakout year for the new money spinners. It may be justified, but history suggests trouble ahead.
- Updated
- Jonathan Shapiro
The top London mansions that are struggling to sell
The city’s luxury housing market is usually insulated from property market headwinds, but high interest rates and high taxes are finally taking a toll.
- Damian Shepherd
Undersupply of new homes to trigger next boom, but not yet
The supply shortage is unlikely to spur strong price growth over the near to medium term, but it could underpin a future rebound, experts say.
- Nila Sweeney
- Opinion
- Bonds
Here’s what you need to look for when buying bonds in 2024
When allocating to fixed income, there are things that fund managers look for. With two of the three boxes ticked already, next year could be interesting for the market.
- Chris Dickman
