May 2023

News from the industrials side of the market yesterday with shades-maker Gale Pacific (ASX:GAP) and discount retailer Best and Less (ASX:BST) each disappointing the market.………… Gale Pacific (ASX:GAP) – a maker of blinds, shades and outdoor protection products – has been hit by a combination of the lingering end of La Nina, weakening consumer demand, […]

According to the Australian Bureau of Statistics, the economy experienced a loss of 4,300 jobs in the previous month, which was contrary to economists’ predictions of gaining 25,000 positions. Moreover, the jobless rate unexpectedly increased to 3.7 per cent, failing to meet the forecast of remaining steady at 3.5 per cent. Additionally, the participation rate

At the closing bell, the S&P/ASX 200 was 0.52 per cent higher at 7,236.80. Nufarm (ASX:NUF) rallied 14.2 per cent to $6.05 after announcing a 7 per cent increase in its half-year underlying net profit after tax. Xero (ASX:XRO) jumped 8.9 per cent to $102.49 after reporting a 28 per cent growth in revenue to

At the closing bell, the S&P/ASX 200 was 0.49 per cent lower at 7,199.20. The ASX experienced a second consecutive day of decline, with major banks and mining companies leading the falls across most sectors. This decline is often observed in one of the historically weaker months of the year. The index ended the day

Noble Helium Limited (ASX:NHE) Co-Founder and CEO Justyn Wood discusses the demand for and pricing of helium, the geology of the company’s project in Tanzania, plans for helium transport and outlook. Tim McGowen: We’re talking today with Noble Helium (ASX:NHE), market cap of around $50m. We have with us Justyn Wood, who is the CEO

At noon, the S&P/ASX 200 is 0.51 per cent lower at 7,198.10, after initially dropping as much as 1 per cent at the opening. Meanwhile, in Wall Street trading, the S&P 500 closed 0.6 per cent lower, the Nasdaq Composite index, which focuses on technology stocks, experienced a 0.2 per cent decline, and the Dow

Magnis Energy Technologies (ASX:MNS; OTCQX: MNSEF; FSE:U1P) has announced that their lithium ion cell manufacturer iM3NY has entered into a JV Agreement with OSM. iM3NY CEO commented: “This partnership is strategically important for the electrification of the automotive industry in India and the Middle East.” Shares are trading 4.76 per cent lower at 20 cents

QX Resources Limited (ASX:QXR) Managing Director Steve Promnitz discusses the company’s letter of intent with Liberty Lithium, the advantages of the project, the difference between brine and hard rock lithium, and the timeline ahead. Paul Sanger: We are talking today with QX Resources (ASX:QXR). QXR has a market cap of $32m. We’re talking with their

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses commercial property. Key pointsAustralian unlisted commercial property returns have been very strong over the last two decades thanks largely to the “search for attractive yields” by investors.With the back up in bond yields, this driver is reversing leaving retail and particularly office

Stocks dipped Tuesday as Wall Street also turned its attention to a meeting between congressional leaders and President Joe Biden on the US debt ceiling. On Monday, Treasury Secretary Janet Yellen reaffirmed that the US faced the possibility of default as early as June 1, the so-called X date, if a deal isn’t reached between