June 8, 2023

Stocks climbed Thursday as the market built on its recent gains, and traders looked ahead to key inflation data next week as well as the Federal Reserve’s latest policy announcement. In addition, the latest reports show that initial jobless claims increased to 261,000, surpassing the consensus estimate of 240,000 and the previous week’s revised figure

A week after revealing a big new contract for its ‘not a lithium battery’ battery in California, Redflow (ASX:RFX) has launched a near $19 million fund raising through a one for two non-renounceable entitlement issue. The issue will be made at 21 cents a share, 9% down from the 23 cents a share on Monday

Stronger than expected economic growth in the three months to March has helped explain the sweeping surge in the Tokyo Stock Exchange in 2023. Data issued Thursday showed the second estimate of March quarter growth was much stronger than anyone had forecast – an annualised 2.7% against market forecasts of 1.9% and the first estimates

Thursday saw operational updates from local gold miners Silver Lake Resources (ASX:SLR) – albeit regarding their Sugar Zone mine in Canada – and Red 5 (ASX:RED). ………… Silver Lake Resources (ASX:SLR) has reported that its Sugar Zone mine in Canada remains closed by the terrible bushfires (wildfires as they are called in North America) now

Ratings agency Fitch on Thursday downgraded its view of Australian and New Zealand banks to “deteriorating” from “neutral”, warning of further headwinds against earnings and asset quality. Fitch said the revision has been driven by weakening economic activity and its effects on bank credit metrics in the second half of the year. The warning shouldn’t

At the closing bell, the S&P/ASX 200 was 0.26 per cent lower at 7,099.70. The drop was mainly driven by losses in the technology and real estate sectors. The technology sector, with Xero (ASX:XRO) tumbling by 5.3 per cent, WiseTech (ASX:WTC) falling by 3.4 per cent, and Altium (ASX:ALU) losing 4.9 per cent, was the

At noon, the S&P/ASX 200 is 0.09 per cent lower at 7,111.50, as certain sectors sensitive to interest rates declined, while commodity sectors saw gains due to rising bond yields and high inflation. The initial decline was influenced by negative international market trends following an unexpected increase in interest rates and hawkish guidance from the

Iceni Gold (ASX:ICL) has hit a high-grade vein at the Everleigh well in Western Australia. Technical Director David Nixon comments: “The high-grade rock chip results from the vein are supported by the underlying UFF+ soil anomaly, prospectivity indicators and the multiple coincident targets.” Shares are trading 53.13 per cent higher at 9.8 cents. Avita Medical