Today
- Live
- Markets Live
ASX falls; Pacific Smiles rallies; gold, lithium miners drop
Shares retreat after late US sell-off; Pacific Smiles turns down “undervalued” bid; $A eases to US67.37¢; global bond yields drop after UK inflation print; oil holds three-day gain. Follow updates here.
- 26 mins ago
- Timothy Moore, Sarah Jones, Joanne Tran and Cecile Lefort
Tesla is getting trounced by S&P 500 three years after joining
The EV car maker’s shares have risen about 11 per cent since entering the benchmark US index, which itself has surged 28 per cent over the same time.
- Esha Dey
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
- Opinion
- Analysis
Making sense of the December market madness
Equities are on fire and Australian investors are enjoying a broad-based rally in stocks that may just be getting started.
- Jonathan Shapiro
- 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
Investors tip strong payouts from sin-binned coal stocks
The coal sector is consolidating as big miners sell assets at bargain prices to juniors that can potentially grow resources and balance dividend payouts.
- Tom Richardson
ASX rallies; KMD, PEXA tumble; consumer stocks jump
Shares advance, tracking gains on Wall Street; oil rises; Orica buys Canadian company for $560 million; KMD Brands sales slide; $A rises. Follow updates here.
- Updated
- Timothy Moore, Joanne Tran, Cecile Lefort and Sarah Jones
This Month
Fed’s pivot forces sharemarket sceptics to become believers
Rate cut talk from the Federal Reserve last week has forced even the most steadfast Wall Street bears into changing their tune on US equities.
- Alexandra Semenova
ASX charges ahead, Rio closes at record high
Shares rally; AGL plans $750m battery plant, Propel Funeral expands; Apple slips on patent loss, Azure gets sweeter bid, Origin spends big in UK. Follow updates here.
- Updated
- Timothy Moore, Cecile Lefort, Joanne Tran and Sarah Jones
How this former Socceroo invests for his kids
An initial gift of $2000 with an extra $100 a month can mean a 21st birthday gift of almost $40,000 in today’s money.
- Louis White
Biotech sensation Neuren rallies to record on clinical trial results
Neuren has developed a drug that treats neurological disorders in children to improve hand movement and communication.
- Tom Richardson
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
It’s the ‘new lithium’: Uranium tipped to extend bull run into 2024
A COP28 pledge to triple nuclear capacity and China’s plans to build 154 new reactors point to higher prices for the strategic commodity, say analysts.
- Tom Richardson
- 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
- 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
Wall Street’s rally cools as rate cut hopes reined in
Stocks wavered after two US Federal Reserve officials suggested rate cuts would be slower and later than had been speculated.
- Updated
- Cristin Flanagan
Dow’s record outruns central banks, counts on aggressive rate cuts
The Fed is expected to be the first central bank to lower rates next year, ahead of the European Central Bank and Bank of England, and months before the RBA.
- Cecile Lefort and Joanne Tran
- Exclusive
- Chanticleer CEO poll
Top CEOs tell PM to fix housing, improve planning to rescue growth
Australia’s top bosses have called on the prime minister to tackle the housing crisis and cut red tape to lift productivity and keep the economy firing next year.
- James Thomson and Anthony Macdonald
Miners lift shares; Pilbara Minerals pops 5pc, US dollar falls
Commodities rally on US dollar weakness. Sigma sinks. Afterpay-owner Block jumps. Dow Jones hits record high. Bond yields fall. ECB, BoE hold rates. Follow here.
- Andrew Hobbs, Cecile Lefort, Joshua Peach, Joanne Tran and Tom Richardson
ASX closes at 18-week high after Fed signals rate cuts
Shares post their best one-day performance of the year after the US flags rate cuts; property stocks rally, $A jumps to US67¢.
- Updated
- Andrew Hobbs, Joanne Tran, Tom Richardson, Cecile Lefort, Joshua Peach and Sarah Jones
