Markets | Markets, Shares and Trading News | The Sydney Morning Herald

Business

Markets

Advertisement
'Revenge of the old economy': Is this the start of the next commodity supercycle?

'Revenge of the old economy': Is this the start of the next commodity supercycle?

With austerity abandoned by all major economies, a global spending surge may turbo-charge oil demand. The vaccine catch-up rally for unloved commodity stocks over the last three weeks may just be the appetizer before the supercycle gets going in earnest.

  • by Ambrose Evans-Pritchard

Latest

As it happened: ASX hits pause on November gains to drop 0.7%

As it happened: ASX hits pause on November gains to drop 0.7%

The ASX 200 slipped 0.7% to 6636.4 on Thursday as the November cyclical rally cooled off following a mixed Wall Street session.

  • by Alex Druce
'I feel so much better': Bitcoiners who missed rally express relief and regret

'I feel so much better': Bitcoiners who missed rally express relief and regret

Whether you are a professional investor who cashed out at a $US50 million loss or an amateur, Bitcoin's latest rally is a story of what could have been.

  • by Anna Irrera
Wall Street slides lower on grim jobs report

Wall Street slides lower on grim jobs report

Mounting US layoffs in the wake of new mandated lockdowns to contain surging COVID-19 infections dampened investor risk appetite.

  • by Alex Veiga and Damian Troise
ASX at nine-month high, almost recoups 2020 losses as November rally rolls on

ASX at nine-month high, almost recoups 2020 losses as November rally rolls on

The S&P/ASX 200 is all but back where it started 2020, sitting just 7 per cent below the all-time high it tapped in February, and analysts say a Santa rally could push it higher.

  • by Lucy Battersby
Beware being caught in the junk rally - there isn't a vaccine for that
Opinion
Shares

Beware being caught in the junk rally - there isn't a vaccine for that

There are some fundamentally poor quality shares that are being swept up by enthusiastic investors attempting to play the COVID trade.

  • by Elizabeth Knight
Advertisement
Under pressure: SEC move threatens Chinese companies' access to US capital

Under pressure: SEC move threatens Chinese companies' access to US capital

The US sharemarket regulator plans to kick Chinese companies from Wall Street unless they allow its inspectors to audit their auditors.

  • by Stephen Bartholomeusz
Why the Dow topped 30,000 for the first time, and why it's a big deal
Analysis
Wall Street

Why the Dow topped 30,000 for the first time, and why it's a big deal

It’s an attention-grabbing psychological threshold, and it’s an encouraging signal that the US market’s rally is broadening beyond the handful of stocks that carried Wall Street through the pandemic.

  • by Stan Choe
As it happened: ASX almost recoups 2020 losses in 0.6% rise

As it happened: ASX almost recoups 2020 losses in 0.6% rise

The S&P/ASX 200 jumped 1% at the open to get above 6700 points for the first time since February. The market closed 0.6% higher and just below where it started 2020.

  • by Lucy Battersby and Alex Druce
Dow Jones breaks 30,000 points for the first time in history

Dow Jones breaks 30,000 points for the first time in history

President Trump congratulates 'everybody' as the Dow Jones breached the 30,000-mark for the first time on optimism that COVID-19 vaccines will open the way to economic recovery next year.

  • by Alex Veiga and Damian Troise
Tesla's market value crosses $US500 billion as meteoric rally continues

Tesla's market value crosses $US500 billion as meteoric rally continues

Investors continue to snap up its shares in the run-up to its debut in the S&P 500, extending a rally that has seen it surge over 500 per cent this year.

  • by Subrat Patnaik and Noel Randewich