Cecile Lefort

2 weeks ago | afr.com | Johnny Shapiro |Cecile Lefort

Oaktree’s founder Howard Marks says while Wall Street’s rebound back towards its record high was “troubling”, equity valuations were not yet at a level that would suggest a bubble was starting to emerge. Marks, speaking from Spain via webcast at the Morgan Stanley conference in Sydney, said stock prices were “lofty but not nutty”, before adding that his $US200 billion ($307 billion) firm saw better opportunities in credit markets given the uncertain economic backdrop. Loading...

2 weeks ago | afr.com | Johnny Shapiro |Cecile Lefort

Wall Street is on the cusp of a “real inflection point” in which investor expectations for returns will have to be lower despite the US sharemarket inching closer to its record high, warned GQG Partners Rajiv Jain. The high-profile stockpicker, who oversees the $US260 billion ($400 billion) ASX-listed asset manager, said US equities were trading at “pretty punchy” levels particularly when using trailing or past earnings to assess valuations. Loading...

1 month ago | afr.com | Cecile Lefort |Johnny Shapiro

May 20, 2025 – 6.35pm or Subscribe to save articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe. Subscribe nowAlready a subscriber? An unexpected change in tone from Reserve Bank of Australia governor Michele Bullock triggered a dramatic late afternoon plunge in bond yields after the central bank revealed it was less worried about inflation than it was about a sharp slowdown in the global economy.

2 months ago | afr.com | Simon Evans |Cecile Lefort

Apr 28, 2025 – 1.10pm or Subscribe to save articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe. Subscribe nowAlready a subscriber? Building products group James Hardie has moved to quell investor anger over its controversial $14 billion buyout of Azek in the United States by stating it would not seek a foreign exempt listing from Australia.

2 months ago | afr.com | Andrew Tillett |Johnny Shapiro |Cecile Lefort

Prime Minister Anthony Albanese is being urged to hold the line on offering concessions to Donald Trump in return for tariff relief to avoid a flood of similar demands from other trading partners as China fired the latest shot in the rapidly escalating global trade war late Friday. China’s Finance Ministry said it would raise tariffs on US goods from 84 per cent to 125 per cent from Saturday after Trump confirmed the cumulative duties on Chinese goods had hit 145 per cent. Loading...