13 Jul 2023 – Stocks rose overnight after new data raised hope that the Federal Reserve can bring down inflation without pushing the US economy into a recession.
US stocks rise after CPI data comes in cooler than expected Read More »
Stocks rose overnight after new data raised hope that the Federal Reserve can bring down inflation without pushing the US economy into a recession. The consumer price index rose 3 per cent on a year-over-year in June. Economists polled by Dow Jones expected a 3.1 per cent increase. Month over month, the index rose 0.2
US stocks rise after CPI data comes in cooler than expected Read More »
Sports and outdoor goods retailer KMD Brands (ASX:KMD), known for its popular brands Kathmandu and Rip Curl, has issued a warning about a slowdown in consumer spending, aligning with similar concerns expressed by other ASX retailers. The company cited households grappling with inflationary pressures and an unusually warm start to winter as factors contributing to
KMD Brands warns of consumer spending slowdown Read More »
At the closing bell, the S&P/ASX 200 was 0.38 per cent higher at 7,135.70. Energy stocks, including Woodside Energy (ASX:WPL) which rallied 2.7%, Santos (ASX:STO) rose 1.2%, Whitehaven Coal (ASX:WHC) jumped 1.1%, and Karoon Energy (ASX:KAR) added 2.5%, delivered strong results oil prices advanced. Iron ore futures traded higher on the Singapore exchange, with a
ASX closes 0.38% higher: Energy stocks outperform as oil prices lift Read More »
12 Jul 2023 – The Reserve Bank of New Zealand has maintained interest rates at 5.5 per cent for the second consecutive meeting, citing the need to control inflation and support employment, amid weakening global economic growth and declining inflation pressures.
Afternoon Update: RBA says further tightening is possible Read More »
The Reserve Bank of New Zealand has maintained interest rates at 5.5 per cent for the second consecutive meeting, citing the need to control inflation and support employment, amid weakening global economic growth and declining inflation pressures. When assessing Australia’s interest rate position, at this afternoon’s lunch event in Brisbane, RBA governor Philip Lowe has
Afternoon Update: RBA says further tightening is possible Read More »
12 Jul 2023 – A snapshot of the stocks on the move, featuring Heavy Rare Earths (ASX:HRE), NickelSearch (ASX:NIS) and Red Mountain Mining (ASX:RMX).
Stocks of the Hour: Heavy Rare Earths, NickelSearch, Red Mountain Mining Read More »
RBA governor Philip Lowe is set to speak at a lunch event in Brisbane, marking his first public appearance following recent speculation about his potential successor and potential changes within the central bank. Meanwhile, the Australian dollar is currently trading at around US67.16 cents. The Reserve Bank of New Zealand has decided to keep interest
ASX up 0.46% at noon as RBNZ keeps rates unchanged Read More »
Heavy Rare Earths (ASX:HRE) announced that their metallurgical program has delivered a two-fold grade increase and up to 91.3% extraction of magnet rare earths. Executive Director, Richard Brescianini, said, “our forward program now has its sights firmly set on producing samples of a Mixed Rare Earth Carbonate, the first possible entry point by HRE into
Stocks of the Hour: Heavy Rare Earths, NickelSearch, Red Mountain Mining Read More »
Warren Buffett isn’t concerned about the future of gas, particularly LNG. This week, the billionaire investor delved further into the energy sector as Berkshire Hathaway assumed control of a US export facility for Liquified Natural Gas (LNG) by purchasing a 50% non-controlling limited partner interest in Cove Point LNG in the state of Maryland for
Buffett bets big: LNG takes the spotlight in Berkshire’s energy portfolio Read More »
