Trade deal hopes lift stocks but what are the risks?
Trade deal hopes buoyed stocks and sparked profit taking on gold after the US and China said officials would meet for the first time since the tariff war erupted.
Trade deal hopes buoyed stocks and sparked profit taking on gold after the US and China said officials would meet for the first time since the tariff war erupted.
China has cut interest rates and announced other economic boosters before its first trade talks with the US since US President Donald Trump’s sweeping tariffs in April. Local shares close slightly higher, bitcoin gains and the AUD is near US65c.
Nomura says global equity investors are increasingly lookingbeyond the shores of the US to diversify portfolios and capture growth opportunities elsewhere.
Stocks rise as China’s official statement after US outreach on trade talks signals thawing in relations. Block, Corporate Travel shares dive on tariff uncertainty. CBA hits new intraday, closing records.
Markets have recovered from massive falls but the uneasy calm of recent days may prove unsustainable with a period of economic scarring likely.
Could CBA’s surge be linked to another short trade? Shares in Platinum and L1 Capital rise on talks for an $18bn merger. Mining and energy declines weigh.
Global markets are in turmoil but not everyone is in a state of panic and MFS Investment Management’s Zahid Kassam is making the most of the stock volatility.
Local stocks rise for a fifth day in a row amid expectations the Reserve Bank will deliver another 25 basis points rate cut in May, as inflation hit its target range for the first time since 2021. Technology and property stocks lead gains.
Analysts say the strong performance of the sharemarket faces a reality check, and the lofty valuations of the big banks in particular will be scrutinised as earnings reports come in.
Billionaire Chris Ellison-led mining giant a top gainer. ASX 200 rebound ‘looks vulnerable’: UBS. Endeavour taps former Virgin fix-it CEO. Tripp’s Betr lobs ‘funded’ bid for PointsBet.
Original URL: https://www.theaustralian.com.au/author/david-rogers