Brokers and investors collide on these four ASX stocks
The benchmark S&P/ASX 200 has rebound around 16 per cent from its April low as investors have grown more optimistic that the worst of the tariff-related disruptions are behind us. And despite escalating tensions in the Middle East, fund managers expect stocks to keep climbing.
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AU Financial Review
an hour ago
- AU Financial Review
Glencore coal spin-off still viable, but would need creditor nod
Glencore shareholders and analysts say there is still a case for the Swiss giant to spin off its global coal assets despite prices of the commodity falling to five-year lows, but it would need to be tied to a broader deal to sell its larger copper-focused business. Glencore is expected to update investors next month on the company's strategic direction after it shifted $30 billion in coal mines and other assets into the Australian entity that holds its NSW and Queensland coal mines, reviving speculation about a demerger.
The Advertiser
an hour ago
- The Advertiser
PM juggles military tensions amid football diplomacy
Football and tourism have been the focus of the prime minister's first full day in China as questions about Australia's participation in a potential future conflict with the Asian superpower overshadow his six-day tour. Former Socceroo Kevin Muscat joined Anthony Albanese on a morning walk along Shanghai's historic Bund promenade on Sunday to promote the two nations' interpersonal links. Now coaching Shanghai Port FC, Muscat last year became the first Australian manager to lead a Chinese Super League team to the premiership. The former midfield enforcer has brought over a host of Australian coaching staff, including fellow ex-Socceroo Ross Aloisi, in a sign of the deepening collaboration between Australia and China on the sporting field. A keen tennis player, Mr Albanese will also make an announcement about extending an Australian Open wildcard tournament in the southwestern city of Chengdu later in the visit. "One of the things about Australia and China that's so important is we build people-to-people relations and we do that by the participation of Australians here," the prime minister said. "Whether it be here in football, or whether it be the lead-in tournament that's going to take place in Chengdu for the Australian Open (or) the business relationships that we have here as well." Looking across the Huangpu River to the towering skyscrapers on the opposite bank, Mr Albanese reflected on the phenomenal economic transformation China had undergone in recent decades. That boom has seen no small benefit flow to Australia, whose iron ore exports helped build the Shanghai skyline and filled the federal government's coffers. "When I first came here in the 1990s, the area Pudong was very different indeed," Mr Albanese said in a meeting with local Chinese Communist Party official Chen Jining. "There were farms where there is now a great metropolis. "The development we can see across the river is symbolic of the extraordinary development that China has seen in recent decades, lifting literally hundreds of millions of people out of poverty and creating economic benefit for the people of China but also increased economic engagement with countries like Australia." A burgeoning Chinese middle class, with a new found appetite for travel, has flocked to Australia in recent decades though recent tourist numbers remain below pre-pandemic levels. To promote Australia as a travel destination, the prime minister will oversee the signing of a memorandum of understanding between online travel giant - which owns popular bookings sites such as Skyscanner - and Tourism Australia. He will also unveil a new tourism campaign to air in China starring local film star Yu Shi and Ruby the Roo, an animated kangaroo voiced by Rose Byrne. Amid the positive rhetoric around Sino-Australian relations, Mr Albanese is doing his best to dodge the US-sized elephant in the room. Military tensions were highlighted by revelations that US defence strategist Elbridge Colby has been pushing Australia and Japan to clarify what role they would play in a potential conflict with China But acting Defence Minister Pat Conroy on Sunday reiterated Australia's long-established stance on whether it would join the US in a war. "The decision to commit Australian troops to a conflict will be made by the government of the day, not in advance," he told ABC's Insiders program. Football and tourism have been the focus of the prime minister's first full day in China as questions about Australia's participation in a potential future conflict with the Asian superpower overshadow his six-day tour. Former Socceroo Kevin Muscat joined Anthony Albanese on a morning walk along Shanghai's historic Bund promenade on Sunday to promote the two nations' interpersonal links. Now coaching Shanghai Port FC, Muscat last year became the first Australian manager to lead a Chinese Super League team to the premiership. The former midfield enforcer has brought over a host of Australian coaching staff, including fellow ex-Socceroo Ross Aloisi, in a sign of the deepening collaboration between Australia and China on the sporting field. A keen tennis player, Mr Albanese will also make an announcement about extending an Australian Open wildcard tournament in the southwestern city of Chengdu later in the visit. "One of the things about Australia and China that's so important is we build people-to-people relations and we do that by the participation of Australians here," the prime minister said. "Whether it be here in football, or whether it be the lead-in tournament that's going to take place in Chengdu for the Australian Open (or) the business relationships that we have here as well." Looking across the Huangpu River to the towering skyscrapers on the opposite bank, Mr Albanese reflected on the phenomenal economic transformation China had undergone in recent decades. That boom has seen no small benefit flow to Australia, whose iron ore exports helped build the Shanghai skyline and filled the federal government's coffers. "When I first came here in the 1990s, the area Pudong was very different indeed," Mr Albanese said in a meeting with local Chinese Communist Party official Chen Jining. "There were farms where there is now a great metropolis. "The development we can see across the river is symbolic of the extraordinary development that China has seen in recent decades, lifting literally hundreds of millions of people out of poverty and creating economic benefit for the people of China but also increased economic engagement with countries like Australia." A burgeoning Chinese middle class, with a new found appetite for travel, has flocked to Australia in recent decades though recent tourist numbers remain below pre-pandemic levels. To promote Australia as a travel destination, the prime minister will oversee the signing of a memorandum of understanding between online travel giant - which owns popular bookings sites such as Skyscanner - and Tourism Australia. He will also unveil a new tourism campaign to air in China starring local film star Yu Shi and Ruby the Roo, an animated kangaroo voiced by Rose Byrne. Amid the positive rhetoric around Sino-Australian relations, Mr Albanese is doing his best to dodge the US-sized elephant in the room. Military tensions were highlighted by revelations that US defence strategist Elbridge Colby has been pushing Australia and Japan to clarify what role they would play in a potential conflict with China But acting Defence Minister Pat Conroy on Sunday reiterated Australia's long-established stance on whether it would join the US in a war. "The decision to commit Australian troops to a conflict will be made by the government of the day, not in advance," he told ABC's Insiders program. Football and tourism have been the focus of the prime minister's first full day in China as questions about Australia's participation in a potential future conflict with the Asian superpower overshadow his six-day tour. Former Socceroo Kevin Muscat joined Anthony Albanese on a morning walk along Shanghai's historic Bund promenade on Sunday to promote the two nations' interpersonal links. Now coaching Shanghai Port FC, Muscat last year became the first Australian manager to lead a Chinese Super League team to the premiership. The former midfield enforcer has brought over a host of Australian coaching staff, including fellow ex-Socceroo Ross Aloisi, in a sign of the deepening collaboration between Australia and China on the sporting field. A keen tennis player, Mr Albanese will also make an announcement about extending an Australian Open wildcard tournament in the southwestern city of Chengdu later in the visit. "One of the things about Australia and China that's so important is we build people-to-people relations and we do that by the participation of Australians here," the prime minister said. "Whether it be here in football, or whether it be the lead-in tournament that's going to take place in Chengdu for the Australian Open (or) the business relationships that we have here as well." Looking across the Huangpu River to the towering skyscrapers on the opposite bank, Mr Albanese reflected on the phenomenal economic transformation China had undergone in recent decades. That boom has seen no small benefit flow to Australia, whose iron ore exports helped build the Shanghai skyline and filled the federal government's coffers. "When I first came here in the 1990s, the area Pudong was very different indeed," Mr Albanese said in a meeting with local Chinese Communist Party official Chen Jining. "There were farms where there is now a great metropolis. "The development we can see across the river is symbolic of the extraordinary development that China has seen in recent decades, lifting literally hundreds of millions of people out of poverty and creating economic benefit for the people of China but also increased economic engagement with countries like Australia." A burgeoning Chinese middle class, with a new found appetite for travel, has flocked to Australia in recent decades though recent tourist numbers remain below pre-pandemic levels. To promote Australia as a travel destination, the prime minister will oversee the signing of a memorandum of understanding between online travel giant - which owns popular bookings sites such as Skyscanner - and Tourism Australia. He will also unveil a new tourism campaign to air in China starring local film star Yu Shi and Ruby the Roo, an animated kangaroo voiced by Rose Byrne. Amid the positive rhetoric around Sino-Australian relations, Mr Albanese is doing his best to dodge the US-sized elephant in the room. Military tensions were highlighted by revelations that US defence strategist Elbridge Colby has been pushing Australia and Japan to clarify what role they would play in a potential conflict with China But acting Defence Minister Pat Conroy on Sunday reiterated Australia's long-established stance on whether it would join the US in a war. "The decision to commit Australian troops to a conflict will be made by the government of the day, not in advance," he told ABC's Insiders program. Football and tourism have been the focus of the prime minister's first full day in China as questions about Australia's participation in a potential future conflict with the Asian superpower overshadow his six-day tour. Former Socceroo Kevin Muscat joined Anthony Albanese on a morning walk along Shanghai's historic Bund promenade on Sunday to promote the two nations' interpersonal links. Now coaching Shanghai Port FC, Muscat last year became the first Australian manager to lead a Chinese Super League team to the premiership. The former midfield enforcer has brought over a host of Australian coaching staff, including fellow ex-Socceroo Ross Aloisi, in a sign of the deepening collaboration between Australia and China on the sporting field. A keen tennis player, Mr Albanese will also make an announcement about extending an Australian Open wildcard tournament in the southwestern city of Chengdu later in the visit. "One of the things about Australia and China that's so important is we build people-to-people relations and we do that by the participation of Australians here," the prime minister said. "Whether it be here in football, or whether it be the lead-in tournament that's going to take place in Chengdu for the Australian Open (or) the business relationships that we have here as well." Looking across the Huangpu River to the towering skyscrapers on the opposite bank, Mr Albanese reflected on the phenomenal economic transformation China had undergone in recent decades. That boom has seen no small benefit flow to Australia, whose iron ore exports helped build the Shanghai skyline and filled the federal government's coffers. "When I first came here in the 1990s, the area Pudong was very different indeed," Mr Albanese said in a meeting with local Chinese Communist Party official Chen Jining. "There were farms where there is now a great metropolis. "The development we can see across the river is symbolic of the extraordinary development that China has seen in recent decades, lifting literally hundreds of millions of people out of poverty and creating economic benefit for the people of China but also increased economic engagement with countries like Australia." A burgeoning Chinese middle class, with a new found appetite for travel, has flocked to Australia in recent decades though recent tourist numbers remain below pre-pandemic levels. To promote Australia as a travel destination, the prime minister will oversee the signing of a memorandum of understanding between online travel giant - which owns popular bookings sites such as Skyscanner - and Tourism Australia. He will also unveil a new tourism campaign to air in China starring local film star Yu Shi and Ruby the Roo, an animated kangaroo voiced by Rose Byrne. Amid the positive rhetoric around Sino-Australian relations, Mr Albanese is doing his best to dodge the US-sized elephant in the room. Military tensions were highlighted by revelations that US defence strategist Elbridge Colby has been pushing Australia and Japan to clarify what role they would play in a potential conflict with China But acting Defence Minister Pat Conroy on Sunday reiterated Australia's long-established stance on whether it would join the US in a war. "The decision to commit Australian troops to a conflict will be made by the government of the day, not in advance," he told ABC's Insiders program.
Courier-Mail
an hour ago
- Courier-Mail
Albanese confirms status quo posture over Taiwan war
Don't miss out on the headlines from Breaking News. Followed categories will be added to My News. Anthony Albanese has been asked point blank what Australia would do if the US and China 'went to war over Taiwan'. Washington has reportedly been pressing Canberra on the matter as the Trump administration turns its attention to an 'imminent' China threat in the Indo Pacific. A Chinese invasion of Taiwan, which is democratically self-governing, would cause mayhem for global shipping lines and disrupt the supply of semiconductors — crucial tech components. Speaking to reporters in Shanghai, the Prime Minister struck a cautious tone. 'Our aim of investing in our capability and as well investing in our relationships, is about advancing peace and security in our region,' he said, as stone-faced Chinese officials watched from the sidelines. Mr Albanese said he had no plans of changing Australia's 'consistent position' on Taiwan's future. 'We support the status quo when it comes to Taiwan,' he said. Australian Prime Minister Anthony Albanese meets with CEO Jane Sun (top right), Tourism Australia's Robin Mack (left bottom) Vice President of Edison Chen (right bottom) during a visit to in Shanghai, China. Picture: Joseph Olbrycht-Palmer / NewsWire 'We don't support any unilateral action there. We have a clear position, and we have been consistent about that.' In somewhat of a veiled shot at Trump administration, he went on to say it was 'important' in international relationships to 'have a stable, orderly, coherent position going forward'. 'Australia does we want peace and security in our region,' Mr Albanese said. 'We don't want any change to the status quo - that's Australia's position today, that was Australia's position last week, that's been a bipartisan position for a long period of time.' He was pressed on whether the US had sought assurances that any nuclear-powered submarines acquired under AUKUS would be deployed in a conflict over Taiwan. The prime minister struck a cautious tone during his Shanghai press conference. Picture: Joseph Olbrycht-Palmer / NewsWire Mr Albanese kept tight-lipped, only saying that 'through the AUKUS agreement' all stakeholder countries had 'very clear understandings of what AUKUS is for'. 'We want peace and security in our region,' he said. 'We don't change our position on a day to day basis - that is what the world needs and that is what we'll continue to do.' Pressed further on any private conversation with the Americans, Mr Albanese shot back: 'Private by definition, that's in private.' 'You don't take private comments at a media conference,' he said. 'We engage in a mature way. That's the way that we do with our relationships.' Originally published as Australia backs 'status quo' amid US pressure on Taiwan
