Today
- Opinion
- Interest rates
Everyone calm down, inflation is not taking off again
The Reserve Bank should be alert to stubborn price pressures, but not alarmed.
- 9 mins ago
- Tim Hext
Economists call for tighter immigration to help RBA’s inflation war
Economists from some of the largest banks are urging the government to restrict migrant visas to help ease the housing crisis that is pushing rents and prices of goods higher.
- Updated
- Cecile Lefort
Star Entertainment debt investor tries offloading stake
At least one lender is feeling nervous after the list of executives leaving Star got bigger, and its shares fell 20 per cent in the past month.
- Jonathan Shapiro and Zoe Samios
Yesterday
Wall Street surges as jobs report shows hiring slowdown
Stocks are rising on Wall Street following a government report showing job growth rose modestly in April.
- Alex Veiga and Damian J. Troise
This Month
ASX to lift; Traders now turn to key US jobs data
Australian shares are poised to rise as tech stocks drove higher ahead of Apple’s earnings. Traders are also gearing up for the US jobs report tonight.
Blackstone taps vast source of cash in $1.5trn credit push
Blackstone has been eagerly driving the expansion of the booming multi-trillion dollar private-debt markets. And it’s paying off.
- Dawn Lim and Silas Brown
Markets cheer after Fed chief rules out rate increases
Traders have ramped up US rate cut bets this year after the Federal Reserve kept interest rates on hold, but the prospect of higher rates in Australia this year is still on the cards.
- Cecile Lefort
ASX to lift; Powell says rate increase is ‘unlikely’ as Fed holds
Australian shares are poised to rise after the Federal Reserve held interest rates unchanged.
Fed, RBA to talk tough on inflation and rates
The central banks are expected to take harsher tone on tackling inflation at their upcoming policy meetings, further tempering rate cut hopes that have underpinned equities this year.
- Cecile Lefort
ASX to drop as hot US labour data sinks Wall Street; Oil falls
Australian shares are poised to fall as Wall Street took a sharp turn towards a monthly loss on hotter than expected labour costs data.
April
ASX to open flat; Wall Street picks up with Fed in focus
Australian shares are poised to open flat as Wall Street picks up with traders looking ahead to the US Federal Reserve’s rates decision meeting this week.
RBA’s next move will still be a rate cut, say investors
Market pundits argue that interest rates are still going down, not up, because inflation is declining, albeit at a slower pace than many had expected.
- Cecile Lefort
Market bets the RBA will raise rates by August
Traders are ascribing a more than 50 per cent chance the Reserve Bank will lift the cash rate as early as in August to stamp out inflation.
- Cecile Lefort
- Opinion
- Opinion
Why US housing remains the big obstacle to rate cuts in 2024
Investors’ hopes of rate cuts are waning, as problems in the US housing market look set to keep house price and rental inflation bubbling along.
- Updated
- Karen Maley
ASX to drop; Wall Street falters on US economic data
The ASX is set to drop as Wall Street took fright after US economic data revealed “the worst of both worlds” - a slowdown in the economy and inflationary pressure.
Traders see zero chance of RBA rate relief
The bond market has completely removed any chance of an easing in 2024, making Australia the only major economy where rates could rise.
- Cecile Lefort
Wall Street drifts after hot streak, Tesla soars; ASX closed
Wall Street is drifting after a two-day hot streak with car maker Tesla surging but other tech stocks mixed. The ASX is closed for Anzac Day.
- Natasha Rudra
Traders speculate RBA’s next move could be up
The Australian dollar jumped and bonds sold off after inflation beat forecasts, prompting traders to abandon almost every basis point of easing in this year’s cash rate profile.
- Updated
- Cecile Lefort
ASX to rise; Inflation figures in focus
Australian shares are poised to rise as Wall Street continues to rebound on the strength of the tech megacaps and the ASX looks to March CPI figures.
First Sentier shuts fixed income funds, hands back $14b
Once a giant of the Australian fixed income scene, the Mitsubishi UFJ-owned fund manager will close four units that manage $14 billion in a major restructure.
- Jonathan Shapiro and Cecile Lefort
