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ASX flat, CSL on course for biggest drop this year
Shares steady; immunoglobulins unit boosts CSL earnings; Seek hit by job ads fall; Orora knocks back Lone Star’s bid; NBN losses deepen. Follow updates here.
- 33 mins ago
Meet Canberra’s best and worst stockpickers (one got returns of 64pc)
From investments in lithium to Fortescue, disclosures made by parliamentarians give at least a glimpse of whose portfolios are up – and whose are down.
This Month
L1 Capital shorts CBA as cracks emerge
The hedge fund has become the latest to take the so-called “widow-maker” trade against Australia’s largest bank.
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ASX falls as miners weigh; AMP shares soar 13pc
Shares lower at the closing bell; AMP’s profit rises; former Qantas boss Alan Joyce to lose more than $9 million in bonuses; Myer warns on profit; iron ore falls below $US100. Follow updates here.
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
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.
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‘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.
ASX charts worst day in four years; tech stocks crumble
The sharemarket ended the session 3.7 per cent lower. Wall Street tumbles after July jobs miss. ResMed unscathed by market-wide rout. Follow here for more.
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.
RBA to hold rates steady as inflation gets closer to target
The central bank is expected to oversee a “straightforward” meeting this week, after last week’s inflation result took the heat out of tightening fears.
US recession rumblings to roil ASX
The Australian sharemarket is set for its worst two-day sell-off in two years after jobs data in the US confirmed traders’ biggest fears of a worsening economy.
Worst day for ASX since SVB crisis as US recession fears surge
Australian shares ended their worst session in more than a year on Friday after fears of a hard economic landing returned in droves in the US overnight.
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ASX dives 2.1pc as NAB, CBA, Westpac slammed
Shares plunge; Macquarie eyes $1b hybrid issue; Afterpay’s Nick Molnar promoted to head of sales for Block; ResMed revenue up 9pc; Follow updates here.
- Updated
ASX tops 8100 points; oil gains on MidEast worries, DroneShield sinks
Australian shares reset record high. Meta rallies after its results beat expectations. Regulator backs Namoi Cotton buyout. Follow updates here.
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July
Relief rally sweeps market after cool inflation tempers rate fears
Shares had the best day since 2022, the Aussie dollar fell, and bond yields tumbled after core inflation prompted traders to rapidly start pricing in a rate cut in Australia.
ASX jumps 1.8pc after June CPI data; Rio rallies
Shares jumped the most since 2022 amid a broad rally; traders bet on Reserve Bank rate cuts; Commonwealth Bank tops BHP to become biggest Australian firm; Rio Tinto half-year profit at $5.8 billion. Follow updates here.
ASX rises; Bellevue Gold plunges 22pc; MinRes rallies
Shares advance at the closing bell; Mineral Resources says its on track to meet production guidance; Bellevue tumbles on discounted equity raising. Follow updates here.
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Funds hit as Trump shadow looms over green energy
Fund managers are scrambling to assess what a Republican win in November could mean for the billions of dollars earmarked for green investments.
‘Don’t wait until it’s too late,’ warn ASX small-cap managers
Local fund managers are telling clients to start moving money out of large caps before Australia catches up to the US in the global inflation race.
Shares fall; Macquarie, Fortescue sink on results
Shares lose 1pc. Seek warns on profits. ANZ suspends, terminates staff. Fortescue misses production expectations. Wall Street tumbles on slowdown worries. Follow here.
