Capital return potential in focus ahead of CBA’s results
With $7.7bn of surplus capital above its regulatory minimum at the end of March, CBA seems able to extend its share buyback and also payout dividends around its 80 per cent maximum.
Markets
Why CSL doesn’t see itself as another big pharma
The homegrown drug company wants to be known as a smart manufacturer as much as for its role in helping to save lives.
ASX ticks up; CSL’s worst day this year; wages growth cools
Wages growth at its slowest pace in two years, but no rate cut yet. CSL’s FY25 guidance disappoints. Orora rejects Lone Star’s ‘opportunistic’ $4.3bn offer. Seek dives after swing to loss. Temple & Webster soars on trading update.
Stockmarkets need ‘good’ economic news to drive rally
Ahead of US CPI and retail sales data this week, markets want signs of better economic growth or more monetary policy support to get excited again. Neither is likely in the near term.
Interconnectedness of markets poses problems
Recent market movements caught investors off guard. Those heavily invested in the improbability of a US recession, and likely holding crowded leveraged positions, were particularly affected.
ASX 200 rises; JB Hi-Fi hits record; Beach sinks
RBA’s Hauser warns on ‘overconfidence’ on rate forecasts. JB Hi-Fi buying e&s, reports lower profit but beats forecasts. Aurizon flags $150m buyback, strong FY25 after missing consensus estimates. Beach Energy slumps to loss.
Local shares poised to follow Wall Street higher
US economic updates will determine the week’s direction, even as the local market takes cues from blue-chip corporate earnings.
‘Resilient consumers’ expected to buoy results
Australians are doing it tough but they’re a resilient bunch, the results of big consumer businesses are expected to show when they report this week.
Soft landing likely for US, developed markets
Despite conflict in the Middle East and Ukraine, the drivers of last week’s sharemarket sell-off are based on economics and earnings, not geopolitics.
Share tips: what stock market experts are buying and selling
Turbulent times on financial markets can create opportunities for savvy investors. Advisers and analysts share their picks.
How Trump could push the price of gold higher
The potential second coming of Donald Trump as the US president would, at least, please gold investors.
‘Don’t be terrified’: experts urge calm after a wild week
Market corrections are normal and there’s no need to be terrified each time one hits, says veteran stockbroker Richard Coppelson – and he’s not a lone voice.
Opinion divided on next move for rates
Michele Bullock has all but ruled out interest rate cuts in the next six months, so why do Commonwealth Bank and the money market still expect the RBA to cut before year end?
Where are the sharemarket bargain hunters?
A ‘most distrusted’ sharemarket rally has come to a halt thanks to a reversal that some key players think hasn’t been severe enough.
Is super fund’s insurance add-on really just junk?
Liberal Senator Andrew Bragg has branded the insurance offered inside super funds as junk but for most it’s not that cut and dry.
ASX 200 jumps as Wall Street rallies; China CPI stokes commodities
Stocks rise after strong US gains in response to lower-than-expected jobless claims data and commodities rise on China CPI beat. Super Retail boss ‘used company funds to further affair’: court docs. News Corp flags ‘external interest’ in Foxtel. Life360 shares jump as much as 20pc after revenue rise.
The real reason Buffett sold his Apple shares
When the world’s greatest investor sells half of his stake in one of the world’s top tech stocks it’s a major event, but the reasons tell us more about Buffett than it does Apple.
The risks of being hitched to the yen carry trade
Despite bargain hunting in stocks this week, global markets continue to be driven by the outlook for the short Japanese yen ‘carry trade’ – and that’s not healthy.
RBA ‘won’t hesitate’ to increase interest rates: Bullock
The Reserve Bank ‘will not hesitate’ to raise interest rates again to stop inflation from becoming persistently high, says the central bank’s governor, Michele Bullock.
ASX slips; property, miners under pressure
The local sharemarket ends slightly in the red, as investors ditch property, mining and energy stocks. RBA ‘won’t hesitate’ to life rates if necessary, Bullock says. ACCC can appeal CFMEU/Hutchinson court decision.
Original URL: https://www.theaustralian.com.au/business/markets/page/25