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
- Investing
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
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
Global fund mangers extend their equity bets
Fund managers are the most overweight equities relative to cash since January 2022, according to Bank of America’s latest survey of their holdings.
- Timothy Moore
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
‘Staggering’ tech returns to lift super balances 8.8pc
The superannuation savings of many Australians are forecast to grow by 8.8 per cent for 2023, an unexpectedly good result driven by strong markets that will mostly erase the losses of last year.
- Hannah Wootton
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
Trump bemoans record sharemarket as just making ‘rich people richer’
Donald Trump, the “billionaire” frontrunner for the 2024 Republican nomination, often took credit for a rising market when he was president from 2017 to 2021.
- Tim Reid
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
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
ASX to drop 1pc as US rate cut optimism cools
ASX futures indicated shares are poised to drop 1 per cent, or 74 points, at the return of trade on Monday.
- Joanne Tran
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
ASIC, Blumenthal strike settlement two years after raids
The stockbroker has agreed to a five-year ban but gets to keep his business, after the regulator’s probes into market rigging.
- Liam Walsh, Jemima Whyte and Jonathan Shapiro
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
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
