ASX’s board lacks ambition needed for rebuild
As the reputational hits keep coming, the market operator’s board has made a timid choice to help win back trust of regulators.
Markets
ASX 200 down on energy, bank falls; MinRes surges
MinRes jumps on Onslow nod, flags $300m in cost savings. RBA official warns on ‘hot’ jobs market. ASX chair exits amid investor pressure. REA’s £5.6bn Rightmove bid. Newmont’s $US475m sale to Forrest-backed group. Oil price dive weighs on Woodside.
Just like 2019: markets ignore the warning signs
With everything pointing to a looming economic slowdown, why are cyclical stocks still so expensive?
Alarm bells: Bond market signal adds to US economy warnings
Stocks are bouncing back from falls caused by weak US economic data but bond and commodity markets remain wary.
ASX 200 rises; CBA, Macquarie surpass records
Plibersek approval for Stokes-backed BCI’s Mardie project. Steadfast slumps on response to allegations. Tassie salmon may raise a stink at Coles AGM. Jim Chalmers considers ‘next steps’ on RBA reforms.
ASX 200 falls, led by energy, consumer stocks; Premier dives
Premier Investments flags lower earnings, sacked Smiggle boss Cheston denies ‘serious misconduct’. Hotel Property Investments rejects $718m bid by Charter Hall Retail, Hostplus. Westpac CEO successor named. Steadfast in a trading halt. Star results awaited.
ASX faces board challenge over CHESS failure
Two market figures are concerned the ASX board lacks the expertise to handle its massive CHESS replacement program after the failure of the first attempt.
Will the RBA stand alone or follow the herd on rates?
The Reserve Bank may soon be the last remaining hawk among its central bank peers if the Federal Reserve goes ahead and cuts interest rates at its meeting later this month.
Reporting season’s mixed bag of sweet and sour
It started with a bang and ended with a whimper. Roger Montgomery breaks down reporting season sector by sector and highlights some uncomfortable truths.
ASX 200 lifts as CBA, Macquarie test new peaks
CBA hits all-time intraday high. Macquarie up 2.3pc on the day. First Super’s CFMEU-linked co-chair steps down after APRA action. Pacific Smiles CEO Andrew Vidler resigns.
Hong Kong a gateway to China for Australian firms
Hong Kong’s financial secretary, Paul Chan, has urged Australian companies doing business in China to consider listing on the Hong Kong Stock Exchange.
Australian consumers may be down, but not out
Weak consumer spending accounted for much of why the commodity-rich economy grew at its slowest pace in more than 30 years.
ASX ends higher on tech, property, banks as energy stocks hit
RBA governor says higher rates not off the table. Data centre operator NextDC’s top gainer after AirTrunk sale. Coronado dives on guidance. Downgrades add to oil price woes for ex-div Woodside and Santos. Apollo selldown hit for Challenger.
Howard Marks’ rule for markets: Invest long, fail smart
It might sound counterintuitive to many but the Oaktree co-founder’s motto in a rising market is ‘don’t just do something – sit there’.
‘Ignore the past’: How Howard Marks would size up Nvidia
For billionaire investor and Oaktree Capital co-founder there’s little point in calling out whether the sharemarket is in bubble territory.
Rates ‘a catalyst for small cap outperformance’
Interest rates should provide the catalyst to broaden returns for small-cap stocks, says WAM Global as it delivered a fully franked final dividend of 6c per share.
Brace for a hard landing: Australian Retirement Trust
Recession is still a possibility, due to slowing economic growth and rising unemployment limiting the chance of a soft economic landing, says Australian Retirement Trust’s Ian Patrick.
ASX 200 falls; GDP data shows sluggish economy; Cettire tanks
Australia stuck in ‘weak productivity, high cost malaise’. Sale of Orora Packaging Solutions to US group resets core focus. Cettire cops beating after founder’s $15.8m buy-in. Oil price plunge weighs on Woodside, Santos.
Why three-way split could be final act for Star casino
Star’s board is trying to avoid the hidden rocks as the casino navigates safe harbour rules.
ASX 200 rises as CBA hits record high; REA, miners fall
Bank and energy gains offset declines by iron ore and gold miners. REA falls on news it is considering a bid for Rightmove. The Star suspended from trading.
Original URL: https://www.theaustralian.com.au/business/markets/page/21