Alibaba

Magellan has abandoned its long-standing Chinese positions and cast a keen eye over financials as it attempts to weather an environment of more persistent inflation. Magellan has remained in the headlines on a near daily basis, with continued uncertainty around the return of CIO and founder Hamish Douglass, who took medical leave in early February….

China’s ongoing regulatory crackdown has investors running scared. But China still wants to be a global player – and its most successful companies aren’t going anywhere. China’s recent regulatory efforts have sent a chill down the spine of even the most bullish investors, with questions swirling about where and when the aggressive crackdown – which…

ASX hits 7,500, Wesfarmers’ record high, mining continues to bounce The ASX 200 (ASX: XJO) continued its strong recent run with the mining sector once again taking the mantle back from technology, jumping 1.2% behind another record from BHP Group Ltd (ASX: BHP) which jumped 2.1%. This marks another record high with the benchmark closing above 7,500 points for…

Failing to take advantage of the recovery trade looks bad. But with Alibaba, Magellan missed a risk you could see from space. Hamish Douglass, Magellan chairman and chief investment officer, has been much maligned in recent months for something that’s probably his fault but not actually his problem: missing the market rally in late 2020….

ASX follows Wall Street lower, defensive rotation, Graincorp beats expectations The ASX200 (ASX:XJO) has followed Wall Street lower, falling 0.9%, after higher-than-expected inflation figures spooked investors overnight. Short-term traders are betting that the Federal Reserve will be forced to increase interest rates earlier than expected, suggesting long-term growth companies will be worth less as a result. The selling pressure…

Markets weaken, Webjet raises $250m, lithium jumps as production ramps up The ASX200 (ASX:XJO) fell 0.3% to begin the week, struggling to overcome a weak overseas lead with a lack of material announcements for the local market. All eyes were on Federal Reserve Chair Jerome Powell’s 60 Minutes interview overnight in which he highlighted that the US economy is…

ASX powers ahead, lower bond yields, records broken at Premier (ASX:PMV)  The ASX200 (ASX:XJO) delivered once again, pushing higher with falling bond yields and a finally weakening currency, which is now under 76 US cents. The much-anticipated release of the economic Purchasing Manager Index or PMI results, which offer an indicator of spending and investment intentions, hit…

ASX gains on travel boost, inflation expectations tempered, but confidence key The ASX200 (ASX:XJO) finished the week strongly, adding 0.8% on Friday, enough to deliver the second straight week of gains. Stimulus was at the top of the agenda this week, with a combination of comments by the Reserve Bank of Australia and the Federal Government setting the direction of markets….

ASX falls flat, travel stocks on fire, more disruption in energy sector  The ASX200 (ASX:XJO) once again failed to capitalise on a strong US lead, finishing the day flat. Once again, dispersion continues to increase with share price movements between companies and sectors elevated. Today it was the travel sector benefitting, with the industrials sector finishing 1.0% higher…

ASX rallies on the back of QE pump priming, healthcare falls, Tabcorp (ASX:TAH) confirms bid The ASX200 (ASX:XJO) continued its strong start to the week, finishing 1.5% higher after news that the Reserve Bank of Australia would be keeping rates on hold. Every sector barring healthcare finished higher, with IT once again leading the way with low rates used…