June 2023

Lynas Rare Earths (ASX:LYC) is facing a possible interruption to the start up of its $575m Kalgoorlie Rare Earths Processing Facility in WA’s goldfields. Lynas told the ASX in a surprise update on Monday that while the feed-in of key materials will begin as planned before the end of June, delays to two key parts […]

The International Energy Agency (IEA) has predicted that investment in solar power will surpass that in oil for the first time this year, marking a significant milestone in the global energy transition. In a recent report on energy investment, the IEA highlighted the accelerating growth of clean energy investments, outpacing spending on fossil fuels. However,

The US markets were closed overnight in observation of Juneteenth. When shifting to European markets, the benchmark Stoxx 600 index closed 1 per cent lower Monday, with almost all sectors in negative territory. Chemicals stocks led losses, down 2.8 per cent, while banking stocks ended just above the flatline. European markets fell at the start

Global oil prices wobbled lower in Asian trading in a holiday-shortened Monday session with traders waiting for two separate appearances by Fed chair Jay Powell later this week. Before Powell speaks, China is expected to cut its remaining key interest rates by 0.10 per cent and perhaps reveal more details of stimulus plans later in

A big day for the Chinese economy, stock market and investors today when the final round of interest rate cuts happens. The People’s Bank of China (PBoC), the country’s central bank, will cut the one-year prime lending rate of 3.6 per cent by 10 points and the five-year rate of 4.23 per cent by the

Australian sports betting powerhouse PointsBet (ASX:PBH) has increased by nearly 20 per cent to its highest level in a month after announcing to the market that they are set to engage in talks with DraftKings, in hopes of securing a higher offer price for its US business. DraftKings has made an unsolicited all-cash offer of

US markets will observe a closure on Monday in observance of the Juneteenth holiday, with trading set to resume on Tuesday (Wednesday AEST). While US investors take a day off, the Australian market will focus on key events and announcements scheduled for the week. On Tuesday, all eyes will be on the Reserve Bank of

The ASX experienced a notable surge, reaching its highest point in a span of seven weeks, propelled by substantial growth in nine sectors among the eleven. At the closing bell, the S&P/ASX 200 was 0.56 per cent or 40.8999 points higher at 7,292.10. Futures The Dow Jones futures are pointing to a fall of 40

Oil prices experienced a slight decline after recording their first weekly gain in the current month. The focus of investors has shifted towards assessing the outlook for the second half of the year. West Texas Intermediate oil dropped towards $71 per barrel after witnessing a rise of over 2 per cent in the previous week.