July 20, 2023

The ASX is showing positive momentum, rising by 0.17 per cent to reach a level of 7,336. The SPI futures are also indicating an upward trend with a gain of 10 points, suggesting a favourable outlook for future trading. Among the sectors, the Financials sector has emerged as the best performer, experiencing a growth of […]

Dragonfly Biosciences Limited, a prominent UK-based producer of cannabidiol (CBD) supplements and lotions, is making strides towards its IPO on the ASX next month. Regan Saveall, the CEO of Dragonfly Biosciences, expressed enthusiasm about the upcoming IPO, stating, “We are excited to bring Dragonfly Biosciences to the ASX. This IPO will provide us with the

NOVONIX (NASDAQ:NVX, ASX:NVX) announced that its Battery Technology Solutions division successfully completed the commissioning of its 10 tonnes per annum cathode pilot line. In response, Dr. Chris Burns, CEO of NOVONIX, noted, “This capability places us in a unique position to serve the nickel-based cathode material market, which we and industry experts believe will require

At noon, the S&P/ASX 200 is 0.23 per cent higher at 7,340.50, following the release of a higher-than-anticipated unemployment rate. The unexpected decrease in unemployment, coupled with a downward revision to 3.5% in May, has increased the likelihood of the Reserve Bank of Australia raising interest rates in June. Consequently, the retail and interest rate

Retail sales in the United States increased for the third consecutive month in June, signalling consumers’ ongoing resilience amidst easing inflation and a robust labour market. According to the Commerce Department, retail sales rose by a seasonally adjusted 0.2% last month compared to May. Although the pace was slower than the previous two months, it

New South Wales and Victoria have emphasised the need for immediate investment in developing new zero-emission generation to achieve ambitious renewable energy targets. State energy ministers warn of potential challenges in transitioning without sufficient infrastructure, leading to higher electricity prices if the retirement of coal, the country’s dominant power source, outpaces renewable energy development. Speaking

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses seven key charts. Key pointsShares are at risk of a short term pull back and volatility will likely remain high on central bank and recession risks.However, we remain reasonably upbeat on a 12-month view as falling inflation takes pressure off interest rates.Seven

Saudi Arabia is poised to lose its position as the top oil producer in the OPEC+ alliance, according to the International Energy Agency (IEA). As the kingdom’s production cuts take effect, coupled with Russia’s slowing exports, the oil market is expected to tighten, coinciding with a potential increase in oil prices. Saudi Arabia, as the