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Markets

06 November 2023 • By Charbel Kadib • 1 min read

US equities rally as job market cools

Evidence of a deterioration in labour market conditions has buoyed US share markets as expectations of an end to the Fed’s hiking cycle gather ...

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Magellan’s FUM slips yet again

In a monthly update, Magellan has reported that its funds under management has fallen below $35 billion. Magellan Financial Group’s funds under ...

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Westpac posts 26% jump in full-year net profit

While flagging some challenges and uncertainties in the economic outlook, the big four bank believes that it is in a “strong position” to grow

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Markets bet on Melbourne Cup Day hike

Financial markets are bracing for another interest rate rise from the Reserve Bank and a longer wait for monetary policy relief. The Reserve Bank ...

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Household spending rises but discretionary spending softens

The latest spending data has provided new evidence of weakness in the economy ahead of the Reserve Bank’s next rate move. Household spending ...

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Macquarie profit slumps amid ‘less certain market conditions’

CEO Shemara Wikramanayake has asserted that Macquarie remains well-positioned to deliver superior performance despite the firm’s latest half-year ...

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Schroders bearish on shares as ‘age of scarcity’ looms

Australian and global equities markets are tipped to continue underperforming over the near-medium term as economies grapple with inflation ...

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Fed takes dovish turn, halts hiking cycle

US equities markets bounced following the Federal Reserve’s latest monetary policy call. The US Federal Reserve maintained a funds rate of 5.25–5.5 ...

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Janus Henderson set to exit ASX next month

The global active asset manager has cited a decline in ownership, low trading volume, and limited index inclusion as reasons to delist from the local ...

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Islamic finance provider moves to fill ‘substantial gap’ in ETF market

Hejaz Group’s new active ETF provides investors with access to a Shariah-compliant bond alternative product in what the firm has described as an ...

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