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    Latest

    Profit season calendar and results

    Here is a list of dates Australian companies are reporting earnings results this month.

    • Ciara Seccombe
    Investors expect volatility from the sharemarket rout to continue in the near term.

    Investors warn global rout may have not gone ‘far enough’

    Goldman Sachs, JPMorgan Asset Management and Capitol Group warn that volatility in the market is likely to persist after Monday’s brutal sell-off.

    • Joanne Tran

    Why the market doesn’t believe the RBA on rates

    Despite the surprisingly strong hawkish rhetoric from the Reserve Bank this week, bond traders (and some economists) aren’t buying it.

    • Updated
    • Cecile Lefort and Sarah Jones

    ASX lifts as GPT shines, Rio slumps

    Shares reverse early losses; Wall Street firms amid persisting volatility; shares in retailers and property lose steam; lower iron ore prices hit miners. Follow updates here.

    • Updated
    • Timothy Moore, Cecile Lefort, Joanne Tran, Joshua Peach and Sarah Jones

    Hedge funds were busy buying the dip amid turmoil

    As trillions of dollars were being erased from global equity markets on Monday as investors fled, some fast money was stepping back in.

    • Natalia Kniazhevich

    Chalmers disputes RBA; Rex sale looms; Why Harris chose Walz

    Read everything that’s happened in the news so far today.

    Opinion & Analysis

    ‘Safe harbour’ talk sends Mosaic Brands into rougher seas

    The obvious question to ask here is: should the company have disclosed this fact? The less obvious answer is no, not under ASX continuous disclosure requirements. 

    Jemima Whyte

    Senior reporter

    Jemima Whyte

    There’s ‘only one outcome’ that really matters, and it’s not Trump v Harris

    Calmer markets mean investors are back to worrying about US politics and the Middle East conflict. But this leading strategist says both fears are overdone. 

    Chanticleer

    Columnist

    Chanticleer

    RBA is in no place to comfort fearful investors

    The reality of Australia’s inflation problem means Michele Bullock has little room to encourage investors’ flagging animal spirits.

    Chanticleer

    Columnist

    Chanticleer

    Battered investors get a breather, but where to next?

    After a torrid night on Wall Street, it’s calmer on the ASX and positively giddy in Tokyo, giving investors a chance to consider their next move. 

    Chanticleer

    Columnist

    Chanticleer

    Companies in the News

    Macquarie Group

    mqg$199.830
     0.78%

    Commonwealth Bank

    cba$127.340
     -0.27%

    BHP Group

    bhp$41.020
     -0.58%

    Updated: Aug 7, 2024 – 4.44pm. Data is 20 mins delayed.

    Search companies

    View stories and data from an ASX listed company

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    Meet the Fundie

    Dougal Maple-Brown, portfolio manager at Maple-Brown Abbott in Sydney.

    Lessons from 40 years of investing, from one value investor to another

    Dougal Maple-Brown discusses his family’s decision to sell the famed Sydney boutique founded by his father, the late Robert Maple-Brown.

    • Joshua Peach
    Perennial Capital’s head of Small Caps Andrew Smith with co-portfolio manager Julian Guido.

    Perennial prepares to unleash war chest on small caps

    After a bruising few years for the money manager’s smaller companies fund, Andrew Smith is readying his team for the next big buy: the August reporting season.

    • Sarah Jones
    Harvest Lane’s Luke Cummings.

    M&A arb fund Harvest Lane keeps a ‘blacklist’ of boards to avoid

    Investor Luke Cummings has made a name for himself (and money) by trading M&A activity. But one deal that he’s steering clear of is the $8.8 billion Chemist Warehouse and Sigma merger.

    • Joanne Tran

    More From Today

    Noni B owner Mosaic Brands has thrown the focus on safe harbour provisions and whether they should be disclosed.

    ‘Safe harbour’ talk sends Mosaic Brands into rougher seas

    The obvious question to ask here is: should the company have disclosed this fact? The less obvious answer is no, not under ASX continuous disclosure requirements. 

    • 5 mins ago
    • Jemima Whyte
    A Republican sweep over Kamala Harris would give Donald Trump control of the White House, Congress and Senate, giving him unfettered power to pursue his agenda, says Marko Papic.

    There’s ‘only one outcome’ that really matters, and it’s not Trump v Harris

    Calmer markets mean investors are back to worrying about US politics and the Middle East conflict. But this leading strategist says both fears are overdone. 

    • James Thomson
    Wall Street.

    ASX to slip, Wall St rises as dip buyers emerge after rout

    Australian shares are set to open lower on late New York pullback. Meta, Nvidia pace tech. VIX falls below 27. US 10-year yield rises. Bitcoin bounces.

    • Timothy Moore

    Yesterday

    Reserve Bank governor Michele Bullock had an extra balancing act on Tuesday.

    RBA is in no place to comfort fearful investors

    The reality of Australia’s inflation problem means Michele Bullock has little room to encourage investors’ flagging animal spirits.

    • James Thomson
    Governor of the Reserve Bank of Australia Michele Bullock said the board seriously considered raising the cash rate on Tuesday.

    Traders don’t believe the RBA’s warning on rates

    Bond markets are still wagering that the Reserve Bank will cut interest rates this year even as the central bank said it considered a rise on Tuesday.

    • Cecile Lefort
    Advertisement
    The ASX 200 is set to open lower as volatility persists.

    ASX rebounds after global rout; Woodside shares tumble

    Shares advance at the closing bell; US futures bounce back; Treasury Wine flags impairment; Coronado revenue slumps 10 per cent; Bullock says rate cut not on the agenda in 2024. Follow updates here.

    • Timothy Moore, Joanne Tran, Joshua Peach, Cecile Lefort and Sarah Jones
    Mosaic Brands, the parent company of budget fashion labels Noni B, Rivers, Katies, Millers and more, has entered safe harbour.

    Mosaic Brands in ‘safe harbour’; Deloitte in wings

    Mosaic, whose brands include Katies, Millers, Noni B and Autograph, is understood to be working with Deloitte’s distressed advisory division, run by Sam Marsden.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    A person looks at an electronic stock board showing Japan’s Nikkei 225 index at a securities firm.

    What is the yen carry trade, and why is it now melting markets?

    Japan’s debt market has long been an anchor for global investors thanks to rock-bottom interest rates, but the unwinding of that lucrative trade is adding to the panic.

    • Jessica Sier
    The ASX is tiling higher on Tuesday, recovering from its worst day of trading in four years in the previou session.

    ‘Fears are overblown’: ASX steadies as recession panic eases

    Australian shares were around 0.4 per cent higher, rebounding from the worst sell-off in more than four years.

    • Joshua Peach
    xx

    ASX swings; Rinehart’s Olympic cruise; Wall Street got off lightly

    Read everything that’s happened in the news so far today.

    The Topix Index displayed inside the Kabuto One building in Tokyo, Japan, on Monday.

    Battered investors get a breather, but where to next?

    After a torrid night on Wall Street, it’s calmer on the ASX and positively giddy in Tokyo, giving investors a chance to consider their next move. 

    • James Thomson
    Panic spread across Wall Street before the opening bell.

    Wall Street’s night of fear could have been much worse

    The sea of red on Wall Street on Monday night doesn’t tell the story of the outright panic that spread before the market opened.

    • James Thomson
    Inflation, interest rates and artificial intelligence will dominate this week.

    Five things investors need to watch next

    Spotting the next shoe to drop in markets is never easy. But there are a few spots investors can look for signs of stress. 

    • James Thomson
    Volatility surged to start the week on Wall Street.

    US equities drop as buyers hold back

    The pace of selling gathered momentum as the session progressed in New York, as moves to pare losses proved fleeting.

    • Timothy Moore

    This Month

    Investors are on a knife-edge as markets around the world tumble.

    Why the market’s favourite trades are blowing up

    For most of the day it was just a nasty sell-off. But by the end of Monday’s brutal session on the ASX, it was clear something much worse was at play.

    • James Thomson
    Advertisement
    The sharemarket is on track for the worst two-day sell-off since the outbreak of COVID-19.

    ASX dives with no sector spared as recession fears trigger panic

    The ASX 200 was steamrolled in the sharpest two-day sell-off since COVID-19 first roiled markets.

    • Sarah Jones, Joanne Tran and Jessica Sier
    xx

    ASX dives 3pc; CFMEU boss defiant; Citi boss jumps ship

    Read everything that’s happened in the news so far today.

    Reserve Bank governor Michele Bullock is expected to hold the cash rate at 4.35 per cent on Tuesday.

    Traders bet on rapid rate cuts as recession fears deepen

    Bond prices are soaring globally after weaker US jobs data rattled investors and prompted traders to dial up the need for urgent rate cuts in both the US and Australia to stem an economic downturn.

    • Cecile Lefort
    The bears were on the march on Monday.

    ASX investors have been caught out by a brutal bear panic

    This isn’t just investors fretting about bad news. It’s investors fretting about bad news and panicking about the fact they are simply not positioned for it.

    • James Thomson
    Rubicon Water managing director Bruce Rodgerson.

    Irrigation automation biz Rubicon in raise; ex UBS boss climbs to 19.9pc

    Three years on from its heavily backed float, shares have sunk from $1 to 32¢ and Rubicon is rattling the tin to repair its balance sheet.

    • Sarah Thompson, Kanika Sood and Emma Rapaport