Markets

The TACO trade was born last April after US President Donald Trump quickly folded on his aggressive tariff plans and it has proved profitable for investors ever since.

The Australian stock market has staged a cautious comeback after Donald Trump signalled overnight that the US and Israel’s campaign of attacks against Iran could soon be at an end.

Shares are set to jump after US President Donald Trump suggested the Middle East war may be near an end, bond yields also tumbled this morning.

Australian shares have crashed 3.8 per cent on Monday in one of the worst days of the past year, with investors fretting about the impact of soaring oil prices on global economic growth.

Bets about the Iran war made on Polymarket highlight how its tech could revolutionise sports betting, with one large regulatory obstacle to overcome.

Australia’s share market has been smashed in the opening minutes of trade this morning, led by a rout in mining stocks.

Rising inflation and the threat of further interest rate hikes by the Reserve Bank are keeping a lid on a return to form for Dan Murphy’s and BWS owner Endeavour Group.

A mysterious Chinese investor has abruptly aborted attempts to overthrow Northern Minerals’ leadership.

Reserve Bank chief Michele Bullock has suggested the Middle East conflict could worsen Australia’s inflation crisis and even spark another rate rise this month. But she also hinted at something very unexpected.

The market’s energy sector cushioned losses elsewhere, storming 5.5 per cent higher as the spot price of Brent crude oil leapt to as high as $US82.37 a barrel.

Australia’s gold mining majors collectively gained about $7 billion on Monday as the US-Israel war on Iran gives the precious metal yet another price boost.

Share markets whipsawed on Monday in response to the US attack on Iran. There are the stocks copping the biggest sell-off.

Harvey Norman chair Gerry Harvey reckons consumers have cast aside cost-of-living pressures to stock up on AI-led computers and mobile devices, helping it deliver a 15 per cent increase in half-year profit.

Coles chief Leah Weckert says while this month’s interest rate rise has knocked consumer confidence, the supermarket giant is yet to see the impacts on shopping behaviour.