July 25, 2023

Can someone lend the Chinese government an old-fashioned PR hack from Australia or the US – someone who knows the value of a ‘good’ figure, especially with Tuesday’s economic policy changes (if they are indeed real), needing a peg to focus investor minds? A series of statements, assurances, and policy pronouncements from the Chinese government […]

The Dow Jones Industrial Average closed higher Tuesday, notching its longest winning streak in more than six years as traders weighed the latest earnings reports. The Dow rose by roughly 26.83 points, or 0.08 per cent, to 35,438.07. This was the 12th positive session in a row for the 30-stock index and its longest rally

At the closing bell, the S&P/ASX 200 was 0.46 per cent higher at 7,339.70. This increase was primarily driven by gains in mining stocks, as investors anticipated a rise in Chinese demand for iron ore, a crucial commodity used in steel-making. China’s commitment to implement measures to stabilise its economy contributed to the surge in

The upcoming week holds significant importance for global stocks, as companies with a combined market value of $US27 trillion (A$40 trillion) prepare to announce their quarterly earnings. Last week, both Netflix and Tesla demonstrated the high stakes involved—a stellar performance could lead to soaring stocks, while any disappointments may trigger a sharp sell-off. As this

Talon Energy Ltd. (ASX:TPD) recently announced a significant milestone in its Gurvantes XXXV Coal Seam Gas (CSG) Project in the South Gobi Basin of Mongolia. The Operator, TMK Energy Limited (ASX:TMK), informed Talon that initial gas from the Lucky Fox-1 pilot well flowed to the surface and was flared, marking the first gas flowed to

Newcrest’s (ASX:NCM) board has reaffirmed its unanimous recommendation for investors to support the Newmont takeover offer. The offer aims to address the ongoing controversy surrounding dust emissions from the Cadia gold/copper and molybdenum mine in central western NSW, which is Newcrest’s most significant operation. Under the bid, Newcrest shareholders will receive 0.4 Newmont shares for

Last week, a surge of FOMO among IPO investors was evident as Oddity Tech, the parent company of direct-to-consumer beauty brand Il Makiage, staged an immensely successful stock-market debut. This significant milestone signalled that after an 18-month lull, the IPO market could be on the verge of a revival. In recent weeks, the major impediments

The S&P/ASX 200 has risen by 0.48 per cent with the SPI futures pointing to a rise of 37 points. The Materials sector is the best-performing, up 3.16 per cent, while the Consumer Discretionary sector is the worst-performing, down 0.88 per cent. In company news, among the large caps, Pilbara Minerals (ASX:PLS) is leading with