Chair says Star may need further supervision by regulator. Crown Sydney granted full gaming licence. Brambles falls amid ongoing inventory, price strain. Ramsay Health Care lifts on Wesfarmers ‘interest’.
Asian equity markets rattled by escalating Middle East tensions. AUD around US64c. Gold and oil rise. ASX 200 down 2.8 per cent this week. Star inquiry ends with allegations of ‘misleading’ regulators.
For stocks and bonds, 2024 is in some ways shaping up like 2023, which begs the question: has the market stopped listening to Fed chair Jerome Powell?
Bullish sentiment is not quite at ‘close-your-eyes-and-sell’ levels but global fund manager optimism has hit its highest level in years.
Stock markets are ‘disconnected’ as they remain at near record highs despite surging bond yields and the outlook for interest rates and geopolitics is starting to hit market sentiment, a top strategist warns as the Australian market has its worst two-day fall in six months.
Amid an uneasy calm, global financial markets await Israel’s response to Iran’s unprecedented drone and missile strike. Also today: Star falls; ASIC executive changes.
Atlassian billionaire Scott Farquhar kingmaker in Genex takeover by J-Power. Forrest vows to push ahead on Meta fight after DPP blow. ‘Enhanced bid’ paves way for Seven to take control of Boral. Star falls.
As US inflation proves even stickier than expected it’s increasingly likely the Fed won’t cut interest rates any time soon | Also today: ASX 200 trims sharp falls, Star down.
Collins St Asset Management says a valuation gap with gold miners is set to close rapidly, potentially within months. Also today: EY prepares to announce layoffs. RBNZ holds rates. Dubber sacks CEO.
Buy copper now or pay the price of cost increases and missed opportunities in a new secular bull market, Citi says. Also today: Guzman y Gomez’s $134.5m raise. Analyst upgrades boost Ansell and Elders.
Original URL: https://www.theaustralian.com.au/author/megan-neil/page/4