KEY POINTS
US inflation hit 4.2% in May, the highest in three years, but it was driven almost entirely by surging petrol and energy costs from the Iran shock.
The "core" reading the Fed watches rose just 0.2% month-on-month, softer than expected, suggesting prices aren't yet spiralling across the board.
That calmer…
KEY POINTS
US inflation rose to 4.2% in May, the highest in about three years, matching forecasts.
Bitcoin held above US$60,000 and steadied near US$62,000 instead of crashing.
The reason: a key "core" inflation measure came in cooler than expected.
Our view: the relief looks fragile. The real test is the…
KEY POINTS
Core Lithium (ASX: CXO) shares fell about 6% to A$0.24, even though the company landed a second cash-raising deal with Glencore.
The drop looks more like a soft day for lithium stocks than a reaction to the news, which was mildly positive.
Its stockpile sales have now raised about A$28.5…
KEY POINTS
Wesfarmers (ASX: WES) shares jumped about 4.25% to A$83.39 after its 2026 Strategy Day.
The main theme was using AI and data to lift profit, with Bunnings still the key engine.
The business is strong, but the stock looks expensive, and the dividend yield is low (about 2.6%).
Our…
KEY POINTS
Sigma Healthcare (ASX: SIG) shares fell about 5.5% to A$2.76 after the company confirmed early talks to buy UK chemist chain Boots, a deal valued at around US$10 billion (roughly A$15 billion).
The market sold off because Sigma is still bedding down its huge Chemist Warehouse merger and only entered the…
KEY POINTS
Four companies floated on the ASX in May, taking 2026 listings to 16, far ahead of the five at this point last year.
Several more floats are lined up for June, including defence-drone maker Boresight (ASX: BST), uranium explorer Neu Horizon and NT-focused Daly Resources (ASX: DLY), spanning defence tech, uranium…
KEY POINTS
S&P is reshuffling the ASX 200 on 22 June: five stocks in, five out, heavily skewed towards mining and defence.
Index funds must mechanically buy the new entrants and sell the leavers, creating short-term price pressure.
The bigger signal is sector rotation: money is flowing into hard assets and defence,…
KEY POINTS
OpenAI has filed confidentially for a stock market float that could value it at up to US$1 trillion, just days after rival Anthropic filed too.
Both filings are confidential, so the real revenue and profit numbers stay hidden until a public prospectus comes out later.
You cannot buy these companies…
KEY POINTS
Three big investment firms now want to buy oOh!media (ASX: OML), and the newest is Bain Capital, joining Pacific Equity Partners and I Squared Capital.
The shares jumped about 9% on the news, because more buyers usually mean a higher final price.
The board has already said that offers of…
KEY POINTS
AI chip stocks sold off hard late last week amid AI spending jitters, but the move looks overdone, and the sector rebounded on Monday.
Cerebras (NASDAQ: CBRS), a fast-growing Nvidia rival, jumped more than 20% on Monday as analysts began coverage with buy ratings.
It recently turned a net profit,…
