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
Iran war price shock, private credit pain and WFH battle reignites
James and Anthony tackle global energy volatility, credit market cockroaches and take a question on oil companies and their super profits.
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.
‘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.
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.
Clayton Larcombe’s fast and furious world is unravelling quickly
The fund manager turned venture capitalist had a lavish life until he was charged with domestic violence offences. Now liquidators are coming for his firm.
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.
The elusive illiquidity premium forces private assets rethink
The guiding principle that has guided billions of dollars of institutional capital into private assets might not actually exist. That’s led to soul-searching.
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.
Wartime inflation shock ‘catastrophic’ as fertiliser, plastics soar
The soaring price of lesser known commodities from the Iran war is a double whammy for farmers and manufacturers that have already been hit by the oil shock.
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.
RBA calls for co-ordinated effort to unlock digital asset markets
A series of pilot transactions using digital assets drew a strong industry response, but the RBA says banks and regulators need to accelerate their efforts.
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.
Markets are gripped by an alarming cognitive dissonance
Many traders are sitting desks away from commodity analysts discussing the disastrous consequences of Hormuz staying shut. What on earth is going on?
How handwritten forms give big investors a 12pc hidden edge
A study of 32,000 substantial shareholder ASX filings found 4 per cent were written by hand, and they were 12 per cent more profitable. Now a ban is possible.
Blue Owl co-founder says private credit has itself to blame for crisis
Doug Ostrover, now the $400 billion firm’s co-chief executive, says enormous demand for big returns is still driving investors towards the sector.
Colonial bulks up on private credit as Iran war promises higher rates
The increase in allocation to fixed income assets is just one way that major superannuation investors are reworking portfolios to protect against volatility.
