Stocks rebound but tariffs loom
The post-Fed meeting rise in shares may say more about market positioning than the interest rate outlook, as trade war prospects threaten economic growth.
The post-Fed meeting rise in shares may say more about market positioning than the interest rate outlook, as trade war prospects threaten economic growth.
TWE on watch as US winemakers now push for tariffs on Australia. Rio joins race for billionaire Mark Creasy’s WA project. Woolworths, Coles mark best day in years after ACCC’s damp squib supermarkets report.
Contrarian investor Alec Cutler thinks US exceptionalism will be put to the test as markets increasingly realise that Donald Trump now cares less about the stock market and economy.
AUD down on 53,000 fewer jobs in Feb. Judo dives as Bain, GIC offload stake. Rinehart-backed Arafura’s best day in almost a year. Red flag raised after $20m withdrawal by Star patrons. Nanosonics is top mid-cap gainer after US FDA tick.
All eyes are on the Federal Reserve’s upcoming interest rate decision, but investors may be too optimistic over the prospect of US policymakers showing a greater willingness to cut.
MinRes faces more bumps on Onslow haul road. Myer’s challenges continue as costs rise. ‘Value destructive’: Rio dismisses unification push. Hanwha ‘wildly mistaken’ on new move: Austal chair.
A tentative rebound in global stocks is in danger as Israel’s renewed attack on Hamas threatens the recent fragile calm in geopolitical flashpoints.
NAB, CBA bosses detail housing crisis pain points. Hanwha seeks FIRB nod for Austal stake boost. Coal miner New Hope’s $100m buyback. Active Super members to bear greenwashing penalty burden.
Market volatility has soared amid a rapid shift in US policy on everything from government spending, trade and immigration, but PGIM’s Jonathan Butler isn’t convinced that recession is likely.
China’s economic data beats estimates. Star’s former executives expose alleged internal fails. Suitor Ramelius falls as $2bn bid lifts Spartan. Smartpay’s best day in months as Tyro, unnamed rival suitor circle. Woodside gets its first China LNG customer.
Original URL: https://www.theaustralian.com.au/author/david-rogers/page/2