Sanjeev Gupta’s GFG Alliance owed $500m from Whyalla collapse. Business investment unexpectedly falls in December quarter. Qantas rewards investors with dividend. Jobs to go as Oceania Glass Dandenong shuts.
A week after the central bank pushed back on expectations of further interest rate cuts, new economic data has reinforced expectations annual inflation will undershoot its forecast.
January underlying inflation rise underscores RBA concerns. Richard White returns to WiseTech as executive chair with long-term plans. Woolworths flags $400m in cost savings by end-2025. Pointsbet soars on Betr’s $360m-plus bid.
US stock market exceptionalism could be tested on three fronts this week as the US President continues to dial up the heat on its trading partners.
Heavyweight banks, miners down. Johns Lyng’s ‘soft’ results, Domino’s loss trigger investor disappointment. Nine extends restructuring as CoStar circles Domain. Zip guidance beats estimates. WiseTech down. Woodside slams Federal delays.
Corporate profits look to have bottomed but a long-waited recovery may be delayed, with banks disappointing and resources companies cutting dividends.
Takeover bids fire up Domain, Nine, Mayne. Coalition matches Whyalla support promise. RBA too slow to hike rates: Bullock. GYG down on ‘soft’ US sales. QBE soars. Bendigo Bank cuts rates.
Australia’s strong labour market remains an upside risk to the inflation outlook but the RBA can still cut further, economists say.
Fortescue leads mining losses. Banks continue to sink. Goodman down on equity raising. Megaport top gainer as Telstra, Wesfarmers also lift. Rescue package for SA steel plant. Jobs rise more than expected.
The popularity of US stocks has fallen sharply since December, when fund managers expected them to lead other assets in 2025 were ‘super bullish’.
Original URL: https://www.theaustralian.com.au/author/david-rogers/page/5