Today
US stocks drop on prospect of prolonged Middle East war
The Nasdaq Composite shed 2.2 per cent, pacing losses in New York; Dow joins Nasdaq in correction territory; brent tops $US114. ASX futures point to 0.8pc fall.
Yesterday
ASX gains 1pc for week to snap three-week losing streak
Shares close Friday lower as Iran war enters fifth week; UBS upgrades Whitehaven Coal on ‘energy switching’; CBA upgrades inflation outlook; NextDC dives after it abandons raising. Follow live.
Prepare for synchronised global hikes
Between the Iran war supply shock and the upward revision of “neutral” rates, we are staring at a cash rate of at least 5 per cent.
‘Don’t get up at 2am’: Exhausted fundies sit on cash as war rages
As stocks and bonds swing wildly and traditional haven assets slump, investors are sitting on the sidelines as fatigue sets in.
ASX slips with US-Iran talks in focus; oil rises above $US104
Shares flat after Wednesday’s strong gain as traders await US-Iran peace talks; Crude oil rises higher; Soul Patts lifts dividend; GSFM warns on inflation impact. Follow live.
PM says fuel supply ‘remains secure’; NextDC ices $500m deal; 24 days to disaster
Read everything that’s happened in the news so far today.
Think private credit fears are overblown? Think again, says Deutsche
Apollo Global Management, BlackRock and Blue Owl have played down concerns about systemic risk in the private credit sector. The German bank isn’t so sure.
Shield AI nabs $2.9b, underscoring demand for defence stocks
The company said it plans to use some of the proceeds to acquire Aechelon Technology, which develops tactical simulation software.
24 days to disaster: Trump’s new deadline won’t change oil shock maths
It’s hard to avoid thinking Trump’s fresh cut-off for a deal with Iran wasn’t prompted by a sell-off on Wall Street. Whatever the case, he’s running out of time.
This Month
Private credit woes ‘couldn’t be further from the truth’: Apollo
Apollo Global Management president Jim Zelter has hosed down concerns over the viability of the private credit sector, saying media headlines are overblown.
Here are two ASX stocks that are about to go on a tear
Alphinity’s Stuart Welch names a tech stock that is undervalued, reveals the stocks he’s recently sold and explains why he’s still bullish on the miners.
Investors to splash $23b on battered ASX as BHP, CBA pay out
Australia’s biggest companies are paying out billions in dividends over the next fortnight that could turbocharge a rebound in the sharemarket.
This PE boss thinks Iran war fallout will shake out ‘zombie’ rivals
Per Franzen, CEO of Swedish private markets group EQT, says he’s on the hunt to snap up assets left behind by thousands of firms he expects to falter.
Labor backs above-inflation minimum wage rise; Frustration within government over fuel; Markets ignore energy shock
Read everything that’s happened in the news so far today.
Markets just keep ignoring the energy shock that is already here
There are better signs out of the Middle East, but even peace tomorrow won’t stop the existing oil and gas crisis. So why don’t investors care?
Meta links new executive stock options to $13 trillion valuation
A company spokesperson said the pay packages represent a “big bet” and that they “will not be realised unless Meta achieves massive future success”.
SpaceX’s blockbuster IPO could top $100b
SpaceX continues to seek a market debut in June, at what’s set to be a record level, as Elon Musk’s rocket and satellite maker moves forward with listing plans.
Macquarie’s last-minute sprint to March 31 balance date
If Macquarie manages a clean, quick sale of its European smart meter business, it will have pulled a rabbit out of a hat.
The ASX is a defensive bet. So why has it fizzled during the Iran war?
Investors usually look to the Australian sharemarket as a safe haven. But this month it tanked, as the Middle East conflict hurt miners and the big banks.
ASX restores $55b in value after 1.9pc rally; DroneShield surges 20pc
Shares rises the most in six weeks on Iran optimism; traders dial back rate rise bets; crude oil below $US100; gold miners rally; Alliance Aviation reassures investors. Follow live.
The ASX miners to own amid Australia’s diesel crisis
Mining companies with underground operations are less reliant on the fuel than those with large-scale open-cut projects.
Iran may have just de-escalated. Here’s what investors must do
Markets are wary about Donald Trump’s declarations about the war ending. But one strategist says they should also watch Tehran’s actions, not its words.
Inflation cools; Rio gets $2b taxpayer handout; What investors must do as Iran de-escalates
Read everything that’s happened in the news so far today.
Private credit crunch: Ares, Apollo cap fund withdrawals
The Ares Strategic Income Fund limited withdrawals to 5pc of shares after clients sought to redeem 11.6pc, according to a letter to shareholders.
‘Brace for swings on every tweet’: Investors bamboozled by peace talks
Stocks were supposed to soar on Tuesday. Instead, the ASX finished up just 0.2 per cent as jittery traders await Donald Trump’s next move.
