October 22, 2023

Stocks retreated Friday as a surge in the 10-year Treasury yield prompted broader concerns about the state of the economy. The yield on the benchmark 10-year Treasury crossed 5 per cent for the first time in 16 years on Thursday, a level that could ripple through the economy by raising rates on mortgages, credit cards,

Interest rates are once again in the spotlight this week, with two public appearances by the new Reserve Bank Governor, Michelle Bullock, and two crucial updates on inflation. Despite a surge in bond yields last week, the possibility of a rate increase at the Melbourne Cup meeting of the Reserve Bank board is not set

Last week, US bond yields surpassed 5%, jumping 30 points in just a week. This week, interest rate concerns are poised to remain the primary driver of market dynamics, with significant contributions from tech giants such as Amazon, Meta, and Alphabet. In Australia, the focal points will revolve around interest rates and inflation, particularly where

Last week’s ‘me too’ ASX sell-off, following Wall Street’s decline, is expected to persist today, with the futures market projecting a 65-point drop as trading resumes this morning. The ASX 200 fell by 96 points, equivalent to 1.4%, to 6,981.6 on Friday, with all industry sectors trading in the red. As a result, the index

Crunch week this week and next, as the six of the so-called “Magnificent Seven” stocks – Apple, Microsoft, Alphabet, Amazon, Nvidia, and Meta Platforms – release their latest quarterly figures. Tesla released its results last week and didn’t impress – a 44% slide in earnings from a year ago saw a 15% slump in the

The two companies, the only listed wine companies on the ASX, have seen their share prices impacted by punitive tariffs on wine imports from Australia. Despite Treasury Wine Estates’ (ASX:TWE) successful expansion into other markets through a radical business reshaping, their share prices have been depressed. On Friday, TWE shares closed at $11.77, up 3.25%