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.
Markets
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.
Miners drag on ASX 200; Woodside, Mesoblast up
US President Joe Biden triggers oil price jump. Mesoblast top gainer. Sinopec wants price review on APLNG deal. Platinum grants Regal access for higher offer. Ratings upgrade for Cochlear. Optimism underpinning latest Bendigo Bank, UBS forecasts.
Why Regal’s Phil King is taking on the widowmaker trade
Is the hedge fund boss being brave or foolhardy by going where many have gone before and fortunes have been lost.
ASX edges up as property stocks gain; Guzman y Gomez, Star fall
Property giants lift on ‘cheaper debt outlook’. Santos down despite oil price spike. Origin loses ground after abandoning hydrogen plans. Sell rating weighs on ‘overly ambitious’ Guzman y Gomez. IMF backs RBA’s tight stance.
Economists play down fears over pump price as oil spikes
Oil prices have surged on escalating tensions in the Middle East, amid fears a deeper conflict that draws in Iran would crunch global supplies.
China’s bazooka stimulus boosts hopes of a revival
The Chinese government surprised global markets with a series of significant policy announcements that could boost its economy and offer sharemarket opportunities for investors.
ASX 200 dips; MinRes, Woodside and Newmont lead gains
Oil, gold stocks jump on Middle East conflict escalation. Jobs to go in Country Road restructure. SiteMinder insider’s $85.4m selldown. Kennett to retire after juice company merger. CEO changes at Collins Foods, KMD. CBA shuffles top deck.
ASX 200 lower on BHP, Rio shedding; Sigma lifts
Sigma rockets on ACCC compromise to get $8.8bn merger with Chemist Warehouse across the line. Treasury Wine caves in to proxy demand on CEO bonus. Warmest August since 1910 sees retail sales lift 0.7 per cent.
ASX to fall; Powell signals more US rate cuts
August retail sales data due as house prices tick up. Qatar Airways to buy stake in Virgin. Star auditors raise red flags. US Fed chair strikes upbeat note on the US economy. Chinese stocks mark best day in 16 years.
Private credit hits back on risk threat as regulators take a look
Despite interest rates staying higher for longer, private credit operator Hamilton Lane says the environment for defaults in the sector was ‘pretty benign’.
Proxy group attacks Perpetual board over pay, performance
Payments to Perpetual’s senior management are out of whack with industry norms, according to influential proxy group ISS.
Investors watch on as US cuts, RBA holds and China surprises
What are Australian investors meant to make of a flurry of economic activity in the world’s major markets?
ASX 200 hits record on billionaires’ day of gains
BHP and Rio lead iron ore gains as billionaire-run Fortescue and MinRes also lift. Richard White’s WiseTech up after founder’s $46m selldown. Star hit with downgrades. Key Pacific Smiles shareholders reject Genesis bid. AUD above US69c.
Original URL: https://www.theaustralian.com.au/business/markets/page/17