Business
Markets
Boomsday scenario: Earnings season set to defy COVID doom
Anyone keen to understand why the sharemarket is hitting record highs despite lockdowns would do well to pay attention to the corporate earnings season.
- by Colin Kruger
Latest
As it happened: ASX sags, but July marks 10th straight monthly gain
The ASX fell 0.3 per cent on Friday and closed the week marginally lower, though July marks a tenth straight monthly gain for the index.
- by Alex Druce
Robinhood slumps on debut, Amazon disappoints
Wall Street was boosted by robust earnings and forecasts along with data showed the US economy was above its pre-pandemic level.
- by Caroline Valetkevitch
Opinion
Regulation
China’s tech terror means the end of the economic miracle
Xi Jinping’s intimidation campaign is striking on multiple fronts at once as the Communist Party seeks to wipe out any potential threats to its power.
- by Ambrose Evans-Pritchard
Opinion
Global economy
The Fed looks as confused as the rest of us about what the future holds
Despite Jerome Powell’s apparent confidence that the Fed has things under control, it’s clear it isn’t quite sure what the eventual post-pandemic “new normal” will look like.
- by Stephen Bartholomeusz
As it happened: Record-setting miners drive ASX higher
The mining giants hit record highs on Thursday to lift the ASX 200 back near its all-time peak. Tech shares chased the Nasdaq higher.
- by Alex Druce
Updated
World markets
ASX set for gains after wobbly Wall Street session; Fed’s taper signal
The Federal Reserve said it is leaving its key interest rate unchanged and will continue to buy billions in bonds every month even as it noted that the US economy is strengthening.
- by Damian Troise and Alex Veiga
‘Fortress Australia’ is good for our economy, top investor says
Airlie Funds Management portfolio manager Emma Fisher says lockdowns mean more government stimulus, lower-for-longer interest rates and keep consumers’ money in Australia.
- by Charlotte Grieve
As it happened: ASX fades from highs as miners hit reverse
The S&P/ASX200 retreated from Tuesday’s record high, dropping 0.7 per cent. The miners, banks, energy, and technology firms dragged the market lower.
- by Lucy Battersby and Alex Druce
Updated
World markets
ASX set to retreat as tech giants help end Wall Street’s winning streak
Wall Street eases off its record highs as technology companies slump, setting up the Australian sharemarket for a negative start to the session.
- by Damian Troise and Alex Veiga
China crackdown rout spreads amid fears of foreign sell-off
A rout in Chinese shares in the crosshairs of Beijing’s regulatory crackdown extended into the bond and currency markets on Tuesday as unverified rumours swirled that US funds are offloading China and Hong Kong assets.
- by Jeanny Yu and Livia Yap