Today
ASX to rise, S&P 500 resets intraday record on Nvidia advance
Australian shares are set to open up. The Dow also reset its intraday record high. Apple, Microsoft gain as rotation reverses.
- 58 mins ago
- Timothy Moore
Yesterday
New Zealand tipped to slash rates the most since COVID-19
More economists are calling for the cash rate to be cut by 0.75 percentage points next month to stop the rapid economic slowdown.
- Cecile Lefort
This Month
S&P 500 tops 5800 for first time, Tesla tanks
Both the S&P 500 and Dow reset their closing highs, bolstered by strong quarterly banking results. The Nasdaq was held back by the EV maker’s 8.8pc fall.
- Timothy Moore
ASX to fall, Wall St slips after price, claims data disappoint
Australian shares are set to open down. US equities closed modestly lower. Oil pushed higher, bitcoin lost ground. Tesla in focus.
- Updated
- Timothy Moore
ASX to rise, S&P 500 hits 44th record high this year
Australian shares are set to open higher. All three US benchmarks advanced with September’s CPI report in focus. Oil was lower, gold slipped.
- Updated
- Timothy Moore
Markets bet on drastic cuts after NZ slashes rates
The kiwi hit a seven-week low after New Zealand’s jumbo rate cut, but Citi is tipping the RBNZ could go another 75 basis points next month to arrest slowing growth.
- Cecile Lefort
ASX to rise, Nvidia powers Wall Street higher
Australian shares are set to open higher. The Nasdaq paced gains in New York as the megacap techs advanced. Iron ore plunge hit mining stocks. Oil reverses.
- Updated
- Timothy Moore
ASX set for muted open, Wall St lower as rate bets pared
Australian shares are set for a quiet open, with a focus on China’s top economic planner. Strong US jobs growth dents hope for Fed rate cuts. Oil rallies.
- Timothy Moore
S&P 500 rallies on extended ‘US economic exceptionalism’
All three major US benchmarks were higher as September’s jobs report far exceeded expectations. US 10-year yield spikes towards 4pc as rate cut bets reset.
- Timothy Moore
ASX to drop, Dow paces Wall St lower
Australian shares are set to open down, tracking losses in New York after crude leapt on concerns Israel is poised to hit Iranian oil assets. Gold steady.
- Updated
- Timothy Moore
ASX to edge higher, S&P 500 advances modestly
Australian shares are set for a muted start. Tesla slumps as it missed high delivery expectations. OpenAI secures funding. Oil tempers its rally.
- Updated
- Timothy Moore
ASX to rise; Apple, Nvidia drop as new quarter begins
Australian shares are set to open higher, US stocks closed lower, paced by the megacap leaders. Oil briefly spiked as Iran attacked Israel.
- Timothy Moore
ASX to fall, S&P 500 ends its quarter on a positive note
Australian shares are set to open lower. The S&P 500 rose as Jerome Powell reassured markets that lower rates lie ahead, albeit he signalled at a moderate pace.
- Timothy Moore
September
Dow resets record high, S&P 500 drifts lower
The S&P 500 ended the final trading session of the week modestly lower. Iron ore extends rebound, for now. Bitcoin holds above $US65,000.
- Timothy Moore
Why a rising $A is good news for the RBA and rate cuts
The Australian dollar has leapt US5¢ since August and is expected to climb further as other central banks cut interest rates and the RBA stays put.
- Cecile Lefort
ASX to rise, S&P 500 boosted by materials, tech
Australian shares are set to open higher. S&P 500 resets closing record high. Iron ore tops $US100, gold, copper rally. Oil sinks on Saudi rethink.
- Timothy Moore
ASX to rise, Dow drags Wall Street lower
Australian shares are set to open higher. US stocks were mostly lower. Goldman says bullish equity positioning reflects enduring US exceptionalism.
- Updated
- Timothy Moore
Bond markets too punchy on RBA rate cuts, say investors
Fund managers say traders have overblown the comments from governor Michele Bullock and are siding with the central bank on the rate outlook.
- Cecile Lefort
ASX to rise, Nvidia paces Nasdaq higher
Australian shares are set to edge up. Iron ore, oil, gold lift on China stimulus efforts. US-listed shares of BHP, Rio leap. Bitcoin tops $US64,000.
- Updated
- Timothy Moore
Traders up bets on RBA December rate cut, ignoring Bullock
The bond market is sticking with its prediction of some rate relief by Christmas, despite governor Michele Bullock saying that inflation remains “too high”.
- Cecile Lefort
