Finance News

ASX closes 1.8% lower to its largest one-day drop since March the previous year

ASX closes 1.8% lower to its largest one-day drop since March the previous year

16 Apr 2024 - Australian shares experienced significant losses on Tuesday, following a decline on Wall Street fueled by strong US retail sales data, dampening expectations of interest rate cuts by the Federal Reserve and the Reserve Bank.

Category: Market Reports

Israel/Iran fears and rate cut uncertainty

Israel/Iran fears and rate cut uncertainty

16 Apr 2024 - Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses Israel/Iran fears and the rate cut uncertainty.

Category: Stock Watch

China's first quarter economic performance and property crisis

China's first quarter economic performance and property crisis

16 Apr 2024 - China’s gross domestic product grew 5.3% in the first quarter from the same period in 2023, surpassing conservative forecasts of around 4.6% to 5%. However, it was only marginally ahead of the 5.2% rate recorded in the final quarter of 2023.

Category: Company News

ASX falls 1.26% at near noon: All sectors in red

ASX falls 1.26% at near noon: All sectors in red

16 Apr 2024 - Australian shares declined sharply following stronger-than-expected US retail sales data, dampening hopes for interest rate cuts and triggering a 1.26 per cent drop to the S&P/ASX 200, marking the third consecutive session of losses.

Category: Market Reports

Stocks of the Hour: Dalaroo Metals, Decmil Group, Far Northern Resources

Stocks of the Hour: Dalaroo Metals, Decmil Group, Far Northern Resources

16 Apr 2024 - A snapshot of the stocks on the move, featuring Dalaroo Metals (ASX:DAL), Decmil Group (ASX:DCG) and Far Northern Resources (ASX:FNR).

Category: Company News

Strong retail sales & rising yields spook investors

Strong retail sales & rising yields spook investors

16 Apr 2024 - Stocks erased early gains to finish well in the red after much stronger than expected retail sales cast further uncertainty around the likelihood and timing of rate cuts. Continued concerns around possible Israeli retaliation for Iran’s weekend attack also weighed heavily on markets.

Category: Market Reports

Iron ore prices continue to rise in spite of increased portside stocks

Iron ore prices continue to rise in spite of increased portside stocks

16 Apr 2024 - Iron ore prices continued rising on Monday despite another (small) rise in portside stocks at China’s top 45 ports last week.

Category: Company News

The unraveling of Star Entertainment Group

The unraveling of Star Entertainment Group

16 Apr 2024 - At the close on Monday, the near 4% fall in the price of Star Entertainment Group shares ended up being a positive outcome on a day when yet more incredible and highly damaging news emerged from the second NSW Government inquiry into the casino.

Category: Company News

The state of US consumer sentiment and retail sales

The state of US consumer sentiment and retail sales

16 Apr 2024 - The accuracy of the various surveys of US consumer sentiment, which showed weak levels of confidence, has been cast into considerable doubt by an even stronger retail sales report for March than expected.

Category: Company News

Interest rate plateau: Beating the market in 2024?

Interest rate plateau: Beating the market in 2024?

16 Apr 2024 - The higher for longer narrative gains traction as US consumer data holds steady and markets hit all time highs. The late cycle AI heated market rally may be cause for concern, but the more urgent risk for investors is an economy with falling yields and sticky inflation.

Category: Company News

Tesla faces layoffs and share slump

Tesla faces layoffs and share slump

16 Apr 2024 - Tesla shares slumped on Monday after online news services reported that the EV giant was about to cut its worldwide job numbers by 10%.

Category: Company News

Gold Road's Canadian ambitions stir concerns

Gold Road's Canadian ambitions stir concerns

15 Apr 2024 - Investors delivered a thumbs down to Gold Road Resources (ASX:GOR) after it confirmed ambitions to try to buy a mining company in Canada. The shares fell more than 7% on Monday.

Category: Company News

Geopolitical & inflation concerns drag local markets lower

Geopolitical & inflation concerns drag local markets lower

15 Apr 2024 - Interest rate sensitive Technology & IT stocks were the key drag on the local market as we approach midday. The IT sector was trading down close to 2%.

Category: Market Reports

Revolutionizing recruitment: The AI-powered future with Hiremii CEO Andrew Hornby

Revolutionizing recruitment: The AI-powered future with Hiremii CEO Andrew Hornby

15 Apr 2024 - Discover how Hiremii, led by CEO Andrew Hornby, is reshaping recruitment with AI technology. Explore their innovative approach to revolutionize hiring processes.

Category: Interviews

Stocks of the Hour: Piedmont Lithium, Findi, Empire Energy Group

Stocks of the Hour: Piedmont Lithium, Findi, Empire Energy Group

15 Apr 2024 - A snapshot of the stocks on the move, featuring Piedmont Lithium (ASX:PLL), Findi (ASX:FND) and Empire Energy Group (ASX:EEG).

Category: Company News

Kin Mining and PNX Metals announce merger

Kin Mining and PNX Metals announce merger

15 Apr 2024 - Two months after it was first mooted, Kin Mining (ASX:KIN) and PNX Metals (ASX:PNX) are set to marry in an all-share union of mining's smaller players.

Category: Company News

IEA reports growing impact of EV sales on global oil demand

IEA reports growing impact of EV sales on global oil demand

15 Apr 2024 - All the tremors around markets on Friday and the weekend buried the appearance of a major global oil demand estimate of the early impact of the stuttering transition away from conventionally powered vehicles to EVs in their various forms.

Category: Company News

Coventry Group seeks $25 million from shareholders

Coventry Group seeks $25 million from shareholders

15 Apr 2024 - Industrial parts supplier Coventry Group (ASX:CYG) is set to request $25 million from shareholders to finance a $42.1 million acquisition across the Tasman. The company unveiled the deal on Monday, outlining its intention to acquire New Zealand-based metal fasteners manufacturer, Steelmasters.

Category: Company News

Fed's Daly says there is no urgency to cut rates

Fed's Daly says there is no urgency to cut rates

15 Apr 2024 - Federal Reserve Bank of San Francisco President Mary Daly says there is no urgency to adjust interest rates, given a strong labor market, robust consumer spending, and a slower pace of moderation in the inflation rate in recent months.

Category: Company News

Geopolitical concerns weigh heavily on US markets

Geopolitical concerns weigh heavily on US markets

15 Apr 2024 - Concerns have risen after the Iranian retaliation against Israel and weaker than expected bank earnings overshadowed US markets on Friday.

Category: Market Reports

China's strong 2024 start halts

China's strong 2024 start halts

15 Apr 2024 - China's strong start to 2024 came to a rapid halt in March, judging by this week’s inflation and trade data.

Category: Company News

Oil rebounds despite IEA's trimmed forecast

Oil rebounds despite IEA's trimmed forecast

15 Apr 2024 - Oil rebounded Friday even as the International Energy Agency trimmed its forecast rise in 2024 global oil demand.

Category: Company News

Gold prices soar to record highs before retreating

Gold prices soar to record highs before retreating

15 Apr 2024 - Gold prices surged over $2,400 an ounce in early trading on Friday, hitting successive, never-before-contemplated highs in the wake of the very dovish statements from the European Central Bank and its head, Christine Lagarde, about a potential June rate cut.

Category: Company News

Reality strikes Wall Street

Reality strikes Wall Street

15 Apr 2024 - Reality struck Wall Street on Friday from various directions, setting up a nasty opening for the ASX this morning. Friday night’s share price futures platform had the ASX 200 staring at a 50-point loss when trading resumes this morning.

Category: Company News

US quarterly reporting season heats up

US quarterly reporting season heats up

15 Apr 2024 - The US March quarter reporting season accelerates this week with three more banks and Netflix down to be the most watched filers.

Category: Company News

BP shares surge amidst UAE's acquisition interest

BP shares surge amidst UAE's acquisition interest

15 Apr 2024 - Shares in the oil major BP surged by 3.4% on Friday following reports that the United Arab Emirates' (UAE) state-owned oil company had recently considered purchasing the UK-based company but withdrew from preliminary talks.

Category: Company News

World iron ore prices surge by 15% following recent dip

World iron ore prices surge by 15% following recent dip

15 Apr 2024 - Two weeks after experiencing a price slide in late March and early April, world iron ore prices made a remarkable recovery last week, registering a substantial 15% gain.

Category: Company News

Market expectations for the week ahead

Market expectations for the week ahead

15 Apr 2024 - What's ahead this week for markets? A lot of headaches, in addition to the usual flow of reports and data.

Category: Company News

Bond yields pressure shares, Money markets, RBA doesn't have to wait on Fed, Higher petrol prices?

Bond yields pressure shares, Money markets, RBA doesn't have to wait on Fed, Higher petrol prices?

12 Apr 2024 - Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses developments in investment markets over the past week, economic activity trackers, major global economic events and Australian economic events.

Category: Stock Watch

Western Yilgarn (ASX:WYX) - Webinar Presentation

Western Yilgarn (ASX:WYX) - Webinar Presentation

12 Apr 2024 - Gavin Rutherford - General Manager - Western Yilgarn (ASX:WYX) is an early-stage mineral exploration company, engaged in the evaluation and development of highly prospective projects across WA.

Category: Company Presentations

Nico Resources (ASX:NC1) - Webinar Presentation

Nico Resources (ASX:NC1) - Webinar Presentation

12 Apr 2024 - Jonathan Shellabear - Managing Director and CEO - Nico Resources (ASX:NC1) is focused on the Wingellina project, which is a development-ready, large-resource project, with a demonstrated ability to produce nickel and cobalt sulphates, sulphides and hydroxides.

Category: Company Presentations

INOVIQ (ASX:IIQ) - Webinar Presentation

INOVIQ (ASX:IIQ) - Webinar Presentation

12 Apr 2024 - Dr Leearne Hinch - CEO - INOVIQ (ASX:IIQ) is developing and commercialising a portfolio of diagnostic and exosome-based products for the earlier detection, diagnosis, prognosis and monitoring of cancer and other diseases.

Category: Company Presentations

Steel summit: A forecaster's alert for Australian investors

Steel summit: A forecaster's alert for Australian investors

12 Apr 2024 - A respected industry forecaster has strongly suggested that peak steel demand in China may have already occurred.

Category: Company News

Tesla prepares to unveil quarterly financials

Tesla prepares to unveil quarterly financials

12 Apr 2024 - A significant week awaits Tesla as the company prepares to unveil its quarterly financials on Wednesday, potentially mirroring the outcomes of the same quarter in 2023.

Category: Company News

ASX down 0.27% near noon: US Fed Reserve officials suggest patience in fight against inflation

ASX down 0.27% near noon: US Fed Reserve officials suggest patience in fight against inflation

12 Apr 2024 - Australian shares slipped in the final session of the week as US Federal Reserve officials emphasised the need for patience in addressing global inflation concerns. At 11:30am, the S&P/ASX 200 is 0.27 per cent lower at 7,792.50, with most sectors trending downwards, particularly Energy.

Category: Market Reports

Stocks of the Hour: NewPeak Metals, HighCom, Estrella Resources

Stocks of the Hour: NewPeak Metals, HighCom, Estrella Resources

12 Apr 2024 - A snapshot of the stocks on the move, featuring NewPeak Metals (ASX:NPM), HighCom (ASX:HCL) and Estrella Resources (ASX:ESR).

Category: Company News

Farewell Boral

Farewell Boral

12 Apr 2024 - It’s goodbye, Boral (ASX:BLD), as the company’s briefly rebellious independent directors accept a remade offer from Seven Group Holdings, the largest shareholder.

Category: Company News

Far Northern Resources (ASX:FNR) to list on ASX

Far Northern Resources (ASX:FNR) to list on ASX

12 Apr 2024 - A pre-IPO interview with Cameron Woodrow, the Executive Director and CEO of Far Northern Resources Limited (ASX:FNR). Mr Woodrow discusses development of the company's three gold and base metals projects in the Northern Territory and north Queensland.

Category: Interviews

Moody's gives Ansell acquisition a thumbs up

Moody's gives Ansell acquisition a thumbs up

12 Apr 2024 - Moody’s gave Ansell approval this week following the company’s proposed $641 million acquisition of Kimberley-Clark’s PPE business.

Category: Company News

Winston's Weekly: US CPI data and inflation

Winston's Weekly: US CPI data and inflation

12 Apr 2024 - Winston Sammut, the Director Property of Euree Asset Management, gives his weekly take on the REITs sector.

Category: Stock Watch

Markets bounce back from inflation led sell off

Markets bounce back from inflation led sell off

12 Apr 2024 - Tech stocks led the market back into positive territory after the previous sessions inflation led sell off after the March PPI number came in below estimates providing a positive data point for inflation concerns.

Category: Market Reports

ASX falls 0.4% following higher-than-expected US inflation data

ASX falls 0.4% following higher-than-expected US inflation data

11 Apr 2024 - Shares rebounded on Thursday despite losses in technology and property sectors following higher-than-expected US inflation data, which led to a 0.4% decline in the S&P/ASX 200 index.

Category: Market Reports

Chinese economy faces deflation again in March

Chinese economy faces deflation again in March

11 Apr 2024 - Deflation revisited China's economy in March, following its disappearance in February. China's consumer inflation decelerated to an annual rate of just 0.1% in March from the surprising 0.7% reading in February.

Category: Company News

ASX down 0.86% near noon: REITs get slammed

ASX down 0.86% near noon: REITs get slammed

11 Apr 2024 - At 11:30am, the S&P/ASX 200 is 0.86 per cent lower at 7,781.00, as investors sold off interest rate-sensitive sectors such as property, tech, and banking stocks due to the postponement of anticipated US interest rate cuts until November.

Category: Market Reports

Northern Star Resources' quarterly performance and market response

Northern Star Resources' quarterly performance and market response

11 Apr 2024 - We witnessed the typical knee-jerk reaction from traders on Thursday in response to Northern Star Resources' (ASX:NST) swift update on its March quarter gold sales performance.

Category: Company News

Stocks of the Hour: Krakatoa Resources, Cosmos Exploration, Vulcan Energy Resources

Stocks of the Hour: Krakatoa Resources, Cosmos Exploration, Vulcan Energy Resources

11 Apr 2024 - A snapshot of the stocks on the move, featuring Krakatoa Resources (ASX:KTA), Cosmos Exploration (ASX:C1X) and Vulcan Energy Resources (ASX:VUL, FSE:VUL).

Category: Company News

NEXTDC pursues $1.3 billion capital raise for data center expansion

NEXTDC pursues $1.3 billion capital raise for data center expansion

11 Apr 2024 - NEXTDC (ASX:NXT) is seeking $1.3 billion in a new capital raising to finance its growing data center pipeline and accelerate the expansion of its extensive data center networks in Sydney and Melbourne.

Category: Company News

Robotaxis face challenges amid regulatory scrutiny

Robotaxis face challenges amid regulatory scrutiny

11 Apr 2024 - Here's a significant warning for Elon Musk, Tesla, and investors banking on robotaxis to compensate for shelved Tesla EV variants.

Category: Company News

Higher than expected inflation number triggers selloff

Higher than expected inflation number triggers selloff

11 Apr 2024 - Hotter than expected March inflation data triggered a wave of selling in US markets with the 10 year Treasury yield soaring back above 4.5 per cent.

Category: Market Reports

March's US consumer price index

March's US consumer price index

11 Apr 2024 - March's US Consumer Price Index shouldn’t come as much of a surprise to financial markets. After all, it merely continued the trend established in the January data and persisted into February – that inflation was lingering longer than desired.

Category: Company News

Yesterday is but today's memory and tomorrow is today's dream.
Khalil Gibran