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AU Financial Review
an hour ago
- Business
- AU Financial Review
ASX to slip, Wall St edges down as Fed awaited
Australian shares are set to edge lower at the open. Shares were broadly, albeit modestly, lower on Wall Street with investors awaiting more earnings reports and guidance from the Federal Reserve on the rate outlook. Fed policymakers began a two-day meeting on Tuesday (Wednesday AEST). A statement will be released at 4am AEST on Thursday. While rates are expected to be held, investors are keen to see if chairman Jerome Powell has begun to lean towards a rate cut at the next meeting in September. Here, it's monthly CPI data day. The report 'could validate market pricing for a 25 basis points rate cut at the bank's August 12th meeting', Scotiabank's Derek Holt said in a note. Wednesday marks the first 'busy' reporting day with Rio Tinto set for release at 4.15pm AEST. Earlier in the day, Atlas Arteria Group, Champion Iron, Pilbara Minerals and Mineral Resources are on deck. Market highlights ASX futures are pointing down 6 points or 0.1 per cent to 8663. All US prices are near 2.30pm New York time. Today's agenda For local investors, the monthly CPI data to be released at 11.30am is in focus. TD Securities: 'We expect headline and trimmed mean CPI to print at 2.1 per cent year-over-year (consensus: 2.2 per cent) and 2.6 per cent y/y (cons: 2.7 per cent) respectively. This is below consensus forecasts but in line with the RBA's May forecasts. 'Slower inflation in rents, utility prices (from rebates) and transport should drive the disinflation process in Q2. However, food price pressures are rising while services price remain fairly sticky as seen on the monthly measure. Barring a huge upside surprise, we still see the RBA cutting by 25bps in August.' Later on Wednesday, there will be GDP reports from Germany, France, the EU and the US. There will also be more private payroll data from the US, with labour market's strength rising on economists' radar screens. Policymakers meet at the Bank of Canada with a hold decision expected at 11.45pm, as Canada awaits a tariff letter from the US. The Fed decision will arrive at 4am AEST on Thursday with Jerome Powell's press conference starting at 4.30am. Top stories A shameless Trump-ed up listing plan reveals tricks of the ASX trade | Microcap Resolution Minerals is doing what it can get away with to stand out in the crowded and often overlooked world at the bottom of the ASX. | While there are plenty of investors trying to land a lucrative payday as AI use goes mainstream, Maincode is trying to become Australia's answer to OpenAI. Mt Isa fights for its life, and a billion-dollar smelter bailout | The regional centre's population has slumped by almost 20 per cent over the past two decades. Locals fear without taxpayer help, that will be just the start. | The third round of US-China trade talks in less than three months wrapped up two weeks before an August 12 deadline.
The Age
16-05-2025
- Business
- The Age
The top 10 super funds that beat Trump's tariff terror
And funds weighted for greater safety, capital stable funds, equalled balanced funds' monthly 0.6 per cent gain, while their year-long performance was a more muted 6.5 per cent. But the data also reveals the funds that 'Trump-ed' the rest as fear of the potential tariffs took hold – shares fell a confronting 8 per cent-plus from March's top to its close and bottom. Leading the 10 Aussie balanced super funds to shake off the rout most effectively were HostPlus (Balanced), NGS Super (Diversified MySuper) and Australian Food Super (Balanced) – all three managed to contain losses for members to just 1.4 per cent. First Super (Balanced), AMP SuperDirections (Diversified Balanced), Bendigo SmartStart (Balanced Wholesale Fund) and CareSuper (Balanced) kept the month's falls to only 1.5 per cent. And Mercer Super Trust (Mercer Select Growth), MLC MasterKey Business Super (MLC Balanced) and Colonial First State (First Choice – CFS Moderate) preserved all but 1.6 per cent of balances. Those are impressive defensive results; we will learn how these funds fared amid the April low and recovery when the individual fund figures are finalised, shortly. Loading But the thing to realise is that returns could forge higher again this month. Since that April 7 low, the ASX 200 is up more than an astonishing 14 per cent. This is precisely why you don't panic and sell when markets have had a big, extreme reaction to a geopolitical, global medical (yep, the pandemic) or economic event: that initial moment is likely to be the worst time to do so. We are also well above – more than 5 per cent – trading levels just before Liberation Day (still below the high set on February 14 though). Only a portion of that rebound is captured in the latest super data. As of Friday, shares are also on an eight-day winning streak. But it's not over yet… the tariffs are only on pause. And in a further blow to Australia, in the president's sights most recently is film and entertainment, with imports in that industry now in line for 100 per cent tariffs. Investors – and super members – should prepare themselves for ongoing volatility. SuperRating's Kirby Rappell says: 'Setting and sticking to a long-term strategy remains the best approach to achieving long-term success, and we encourage any member thinking of changing their strategy to seek advice from their fund or a trusted financial adviser.' Hear hear.
Sydney Morning Herald
16-05-2025
- Business
- Sydney Morning Herald
The top 10 super funds that beat Trump's tariff terror
And funds weighted for greater safety, capital stable funds, equalled balanced funds' monthly 0.6 per cent gain, while their year-long performance was a more muted 6.5 per cent. But the data also reveals the funds that 'Trump-ed' the rest as fear of the potential tariffs took hold – shares fell a confronting 8 per cent-plus from March's top to its close and bottom. Leading the 10 Aussie balanced super funds to shake off the rout most effectively were HostPlus (Balanced), NGS Super (Diversified MySuper) and Australian Food Super (Balanced) – all three managed to contain losses for members to just 1.4 per cent. First Super (Balanced), AMP SuperDirections (Diversified Balanced), Bendigo SmartStart (Balanced Wholesale Fund) and CareSuper (Balanced) kept the month's falls to only 1.5 per cent. And Mercer Super Trust (Mercer Select Growth), MLC MasterKey Business Super (MLC Balanced) and Colonial First State (First Choice – CFS Moderate) preserved all but 1.6 per cent of balances. Those are impressive defensive results; we will learn how these funds fared amid the April low and recovery when the individual fund figures are finalised, shortly. Loading But the thing to realise is that returns could forge higher again this month. Since that April 7 low, the ASX 200 is up more than an astonishing 14 per cent. This is precisely why you don't panic and sell when markets have had a big, extreme reaction to a geopolitical, global medical (yep, the pandemic) or economic event: that initial moment is likely to be the worst time to do so. We are also well above – more than 5 per cent – trading levels just before Liberation Day (still below the high set on February 14 though). Only a portion of that rebound is captured in the latest super data. As of Friday, shares are also on an eight-day winning streak. But it's not over yet… the tariffs are only on pause. And in a further blow to Australia, in the president's sights most recently is film and entertainment, with imports in that industry now in line for 100 per cent tariffs. Investors – and super members – should prepare themselves for ongoing volatility. SuperRating's Kirby Rappell says: 'Setting and sticking to a long-term strategy remains the best approach to achieving long-term success, and we encourage any member thinking of changing their strategy to seek advice from their fund or a trusted financial adviser.' Hear hear.
