NewsBite

Cecile Lefort

Yesterday

Australia’s biggest asset managers have very different approaches to the long market sell-off.

Here’s how our biggest investors are trading the deep market sell-off

From resources to European stocks and Asian tech, fund managers see plenty of opportunities – and risks – amid a lengthy slump on the ASX and Wall Street.

This Month

Alexis Gray last year joined Rest Super from Vanguard.

Super funds hire economists as they invest more money offshore

The country’s largest superannuation funds have been ramping up their in-house macro expertise as growing assets force them to look beyond Australia.

Wall Street has sold off sharply, and Morgan Stanley has warned clients that the Australian sharemarket tends to follow equities in the US.

Morgan Stanley bearish on ASX, cites correlation with Wall Street

The S&P/ASX 200 closed on Friday with its third-largest weekly loss this year despite a rally in Australian iron ore and gold mining stocks.

Local shares are on track to open up.

ASX drops as BHP, Rio and banks weigh

Shares down; Nine confirms Matt Stanton as CEO; Macquarie cuts coal forecasts; ACCC concerned by Silk deal; Boss buys Laramide stake; gold stocks shine.

US president speaking from Mar-a Lago last month.

Why a weak US dollar may be part of Trump’s plan

Investors and strategists are pondering whether Trump’s unorthodox ideas to revive US manufacturing will succeed.

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The benchmark S&P 500 Index is down 3.8 per cent since Donald Trump’s inauguration.

Fear of a ‘Trumpcession’ is growing. Here’s why

Fears of a sharp US downturn are permeating financial markets. Even so, Perpetual and BlackRock remain optimistic about the US economy.

Bunnings executives to be grilled at Senate hearing.

Why a battered $A is a double-edged sword for ASX stocks

CSL, Accent Group, Kogan, Atlas Arteria and Qantas are feeling the impact of a depressed Australian dollar in their fortunes.

Vince Scully is selective when it comes to listed debt funds.

Credit funds raise $1b in rush to list on the ASX

The hunt for yield is fuelling a surge in listed credit funds. Realm, MA Financial, Gryphon and Qualitas are among those scrambling to tap investor demand.

February

Equity markets may be on the cusp of a correction, but it all hinges on Nvidia and its CEO Jensen Huang

Why alarm bells are ringing for the sharemarket

A study of technical indicators suggest equities in both the US and Australia may be on the cusp of a correction – a lot depends on Nvidia.

Sean Sequeira, portfolio manager, Australian Eagle.

Why this fundie would rather get it wrong than sell too soon

Australian Eagle’s Sean Sequeira is optimistic about Silex Systems and Dexus, but regrets selling Technology One too early.

ASX futures are pointing to an opening drop.

ASX closes at one-month low, CBA down 2pc; Megaport rallies

Shares closer lower; new jobs hit 44,000, topping forecasts; Megaport soars 19pc; banks slump; Magellan down 10pc; Fortescue, Rio cut dividend.

Rob Mead at Pimco Australia says don’t believe the debate on rate cuts. More are coming.

RBA rate caution ‘rubbish’ with more cuts to come

Bond managers have dismissed the governor’s reticence on further rate cuts, with some even predicting as many as three more rate cuts this year.

Markets are sticking with rate cut predictions despite RBA caution.

Market tips two more rate cuts despite RBA caution

Bond markets are sticking with their rate cut forecasts after the central bank finally joined the global easing campaign by lowering the cash rate to 4.1 per cent.

The Australian dollar could go on a tear if the RBA holds fire.

$A set to soar if RBA holds fire on rates

The Australian dollar is already trading at a two-month high thanks to weak US data. What it does next will all come down to the central bank.

Reserve Bank governor Michele Bullock may deliver her first interest rate cut on Tuesday.

Markets expect ‘hawkish’ interest rate cut from RBA this week

The Australian sharemarket will start lower on Monday. Economists warn that should the RBA cut this week, future reductions are far from certain.

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The RBA has a rich history of surprises.

Don’t underestimate the RBA’s willingness to shock the market

The Reserve Bank has a rich history of surprises compared with the US Federal Reserve and Bank of England, an analysis by Commonwealth Bank shows.

ASX resets peak, BHP up 2pc; Temple & Webster shares hit record

Shares rise; Temple & Webster sets new record; gold tipped to top $US3,500; Qantas downgraded; Sigma rallies, CBA resets record; Toys”R”Us chief exits.

RBA’s radio silence is a telling sign for next week

There’s a lot of money riding on the central bank’s rate decision. While the market and most economists are all but convinced, it’s still a line ball decision.

Almond orchards owned by ASX-listed Select Harvest.

The Australian farmers set to benefit from Trump’s trade war

Australian almonds, wine and beef could be among biggest gainers from US tariffs as countries turn to cheaper markets. The weak Australian dollar also helps.

Richard Quin at Bentham likes investing in state government bonds because of their juicy returns.

There’s a reason why investors are flocking to fund Australian states

State governments grappling with credit downgrades have no choice but to pay bond investors more money to fund their ambitious election promises.

Original URL: https://www.afr.com/by/cecile-lefort-p4ywcg