Beijing increases debt to fight economic woes
China says it will lift government debt to revive its economy but economists and investors were provided with little detail on the extent of the stimulus package.
Markets
Expect higher interest rates under Trump
Big tax cuts on top of high federal debt and less easy Fed policy could create perfect conditions for rising rates.
What the US election means for your stock portfolio
Amid considerable hand-wringing about the upcoming US Presidential election, systematic global asset manager Dimensional says investors should simply stay the course.
ASX 200 flat; energy stocks strongest
Appen in $50m cap raise. US inflation stickier than expected, jobless claims jump. Oil, gold prices push higher. Richard White keeps selling down WiseTech stock amid court stoush. Macquarie downgrades Woodside.
For Chalmers, supermarkets make better politics than policy
It’s pure politics for the Treasurer calling out supermarkets as needing any special treatment over other more concentrated sectors.
Guzman discovers the problem of being popular
The spicy fast-food player has so much growth loaded into its shares Guzman is now more expensive than Nvidia. That puts it in a growth trap.
Five scenarios that could drive the markets
UBS is expecting solid gains in US stocks, albeit with a range of possibilities depending on how a handful of major events play out.
ETF industry soars as investors eye foreign gains
Investors are pouring money into exchange traded funds at record pace as many look to chase the strong rallies in overseas markets, defying earlier market predictions.
ASX 200 trims gains; Arcadium top gainer
China launches $US70.60bn swap facility to boost stocks. Lithium stocks on a tear, led by Rio target Arcadium. Restaurant chain GYG dips despite strong quarter. Netwealth jumps on record quarter.
JPMorgan backs US stocks as China’s fiscal stimulus looms
With US growth looking solid the markets are expecting a fairly aggressive easing cycle, while expectations of major fiscal stimulus in China remain high despite recent disappointment.
Recession fears prompt big New Zealand rate cut
The Reserve Bank of New Zealand lowered the official cash rate to 4.75 per cent.
ASX 200 trims gains; Rio Tinto acquires Arcadium Lithium
Rio buys lithium player for $US6.7bn. Commodity price falls, China disappointment weigh on Aussie producers. NZ’s central bank cuts rate by 50 basis points, as expected. Shares in Cettire, Zip jump.
Why global money is rethinking ‘anything but China’ trade
Big investors are preparing to play in China again, but the wild swings are not for the faint hearted.
ASX 200 falls on China update; BHP leads mining reversal
Iron ore, copper futures, AUD down after China’s underwhelming economic update. RBA’s ‘step down’ in hawkishness evident in September minutes, but deputy governor Andrew Hauser says inflation job’s not done yet.
A tried-and-true investing pattern has lost its shape
Deciding which sectors and companies are cyclical versus defensive has suddenly gotten a lot more complicated.
Is it time to bank on a gold rush?
One US investment bank sees ‘plenty of room for upward re-rating’ in Australian gold miners which meet production guidance as the price of gold continues to soar.
ASX 200 rises on banks; Arcadium top gainer
Rio Tinto’s takeover approach lifts Arcadium Lithium appeal. West African Resources drops on Burkina Faso mining concerns. Qantas may avoid second strike after proxy backing.
Mid-East tensions loom large over sharemarket
The ASX is poised for a cautious start to the week as traders fret about the prospect of a broad Middle East conflict.
Proxy rejects call for outsiders’ ASX seats
Proxy group CGI Glass Lewis says the ASX didn’t take Bob Caisley or Phil Galvin seriously as outside candidates, noting the two former markets executives have ‘very relevant’ experience.
Platinum opens books to Regal as King weighs fresh bid
Phil King’s investment house to undertake due diligence as it mulls whether to make a fresh bid as its funds under management surge.
Original URL: https://www.theaustralian.com.au/business/markets/page/16