ASX Ltd Stock Forum

The Australian market rubbing out RBA rate cut bets was always going to hurt. Markets like certainty. So while the ASX fell 1.7% today, CBA sank 2.2%, and GOLD, COAL, and TRAVEL stocks hit fresh highs. Here are 5 points to note:
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1- Remember, markets/stocks don't go up in a straight line. The broad #ASX pullback today, the biggest since Sept 9, is a re...

Australia's biggest bank, CBA, and the largest company on the ASX, raised their dividend after delivering a $9.84 billion profit. Despite its cash profit falling over 2% and its net interest margin declining, overall, their results met average analysts' estimates, which is why we saw a positive reaction in its shares, pushing them back up towards record-high territory.
· De...

The Reserve Bank of Australia is widely expected to keep interest rates unchanged at the conclusion of a meeting on Tuesday, especially after recent inflation data showed mild cooling.
But given that inflation remains well above the RBA’s 2% to 3% annual target range, the central bank is expected to provide some hawkish signals, and is likely to signal rates will remain high for longer.
The RBA is likely to hold its...

The Reserve Bank of Australia will hold its cash rate at 4.35% for a sixth straight meeting on Tuesday, economists predict. But with inflation still elevated, they expect the RBA to again debate hiking rates before agreeing to stand pat.
Private credit funds are in talks to provide at least A$1.5 billion of junior debt to help finance a potential buyout of Australian data center operator AirTrunk Pte., according to people familiar with the matter.
New Zealand is con...

Just three months ago, it looked as though the RBA had won. March quarter inflation came in at just 3.6 per cent, way below the December 2022 quarter peak of 7.8 per cent.
But in the past few months, we've seen it kick back up. The June quarter is likely to come in at anywhere between 3.9 per cent and 4.1 per cent year-on-year. That's a significant lift from the previous quarter and higher than it has previously forecast.
Money markets right now have just a one-in-five chance...

There's a curious thing about openness, communication and transparency. The more people talk, the less we seem to know.
Take central banks. In the past decade, they've been forced to explain how and why they make decisions and even throw some light on how they view our economic future, so we can all understand exactly where they're taking us.
But amid all the noise emanating from central banks around the globe, ...

Now that all bets are off for a rate rise, the question once again is when Australians will see a cut to the current cash rate of 4.35%.
Westpac and Commonwealth Bank economists have reaffirmed their forecast of a November rates cut while their big four peers NAB and ANZ are predicting the first downward movement will be in February 2025.
But while Mr Aird tips the RBA will revise down its inflation forecasts, he's not expecting RBA governor Michele Bullock...