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Apple and Palantir beat earnings. Why did both stocks fall?
Apple and Palantir beat earnings. Wall Street is still hard to impress Apple's profit-margin outlook and Palantir's demanding growth expectations have left investors cautious despite strong reported numbers. Our…
RBA raises interest rates to 2008 levels, sees more hikes to ward off inflation
Japanese, Korean, Taiwanese firms’ US investment set to keep climbing: Citi
Australia hikes rates to 18-year high to fight inflation
The Reserve Bank of Australia's decision was in line with expectations from economists polled by Reuters, and marked its fifth rate increase this year.
More: RBA lifts cash rate to 4.85% in split 6-3 vote, sees inflation above 3% until late 2027
For the Australian dollar, the hike delivers little that was not already priced. Markets had assigned an 85% chance to the move, and around one and a half increases by mid-2027 were priced before the meeting. The…
Reserve Bank of Australia (RBA) 25bp rate hike, as widely expected
The Reserve Bank of Australia raised its cash rate by 25 basis points to 4.85% on Tuesday, its fifth increase of 2026 and the highest level since 2008. The decision was far from unanimous, though: six board members…
China to raise FX reserve requirement to slow yuan’s rally
Nasdaq’s worst month since March 2025 puts returns on AI spending in focus, says BlackRock
The flip in earnings leadership supports a broadening of the US equity market away from megacap tech. That favours equal-weight and non-tech exposure over the concentrated index leaders. BlackRock’s emphasis on…
Asian stocks retreat ahead of US midterms, oil steadies
AI investment is becoming overly concentrated, Chinese official says
Blackstone’s Gray sees more AI equity fundraising ahead from major tech firms
Gray’s comments reinforce a theme running through this week’s news flow: the AI buildout is increasingly being financed by issuing shares, not just from cash flow and debt. For equity markets, more issuance from…
JPMorgan’s four midterm scenarios: S&P 500 seen moving between -0.25% and +1.25%
The narrow ranges suggest the most likely outcome is already largely priced in, so the bigger equity moves would come from a surprise rather than the expected result. The bond market may be the more telling channel.…