2026 Subaru Uncharted teased as small electric SUV with video game name
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AU Financial Review
10 minutes ago
- AU Financial Review
ASX to edge higher, Nvidia paces tech sell-off
Australian shares are set to open higher. In contrast, Nvidia paced a drop in the S&P 500 and Nasdaq, paring some of the tech sector's more than 40 per cent rally from April's lows. Still, trading was not in one direction. While Nvidia led the magnificent seven lower with a 2.7 per cent slide, Intel surged more than 8 higher. Palantir tumbled near 9 per cent. Palo Alto leapt 3.5 per cent. In a note, Strategas Securities' Nicholas Bohnsack said while it's difficult to poke holes in the bull case, assets are increasingly priced for perfection. 'Prevailing equity valuations are in the 94th percentile of their historical range and corporate credit spreads are now at about 28-year tights.' Bonhsack also said while policy uncertainty has eased, implementation hurdles persist. And while data supports a shift to easier monetary policy, the Federal Reserve will want to remain vigilant, given inflation is 'sticky' and growth has moderated. Among the key results expected on Wednesday: Santos, James Hardie, Stockland and Magellan Financial. Follow our reporting season coverage here. Market highlights ASX 200 futures are pointing up 15 points or 0.2 per cent to 8870. All US prices near 2.15pm New York time. Today's agenda The Economic Reform Roundtable continues for a second day. Follow our coverage here. The Treasury's meeting agenda can be found here. The Reserve Bank of New Zealand is widely expected to cut its key rate by 25 basis points to 3 per cent at a policy meeting on Wednesday. The decision is expected at 12pm AEST. NAB said: 'The key outstanding question is: how much further might rates go after the cut to 3.0 per cent? Our BNZ cousins suggest one more nudge to 2.75 per cent is a minimum requirement.' RBA assistant governors Michelle McPhee and Brad Jones will participate on an online panel called 'The Future of Money' at 12pm AEST hosted by the Economic Society of Australia. Later in the day, the UK and the EU will release July CPI data. Top stories Labor's spending made RBA's job harder: Lowe | Former Reserve Bank governor Philip Lowe says the government has lost budget discipline and its handouts to households made the central bank 'the baddie'. | The nation's top stock-pickers sought refuge from excessively valued banks by piling into the healthcare giant. It worked, until it didn't. | Pensioners with assets will have their benefits pared back next month after the government decided to lift the deeming rate by 0.5 of a percentage point. | The big four bank's new chief executive, Nuno Matos, is expected to make several other key hires in coming weeks as he finalises his new front bench.
Perth Now
6 hours ago
- Perth Now
Free family fun day in Perth: Tech & resources galore
Lincoln Uphill, Indiana Uphill, Ryan Uphill & Christy Uphill. Picture: John Koh / The West Australian Young minds and curious children got to check out new technology and explore the secrets of WA's key minerals at the Resources Technology Showcase family fun day. Families descended on the Perth Convention and Exhibition Centre for an action-packed afternoon that involved celebrating resources, science and tech at one of Australia's largest free STEM exhibitions. Kids had the chance to check out immersive tunnels, minerals, sit in cranes, go head-to-head in a high energy showdown and interact with Hancock Iron Ore's Mini Mine for a virtual reality experience. Some people were lucky enough to snap a photo with Prime Minister Anthony Albanese who declared WA's resources and mining sector was at the 'front and centre' of the future of a more productive and dynamic Australian economy.
ABC News
7 hours ago
- ABC News
Day one of economic reform roundtable
The Federal Government's economic roundtable is underway, with political and business heavyweights trying to tackle a big agenda. Australia's $4.2 trillion superannuation sector is a global giant, on it way to becoming the world's second-largest retirement savings pool by 2031. It gives Australian Super CEO Paul Schroder a seat at the economic roundtable, and he speaks with Sarah Ferguson.
