August 1, 2023

The S&P 500 fell to start August, as investors navigated a raft of corporate earnings reports and assessed a fresh batch of economic data. The broad-based index lost 0.27 per cent to finish at 4,576.73, while the Nasdaq Composite dropped 0.43 per cent to end at 14,283.91. The Dow Jones Industrial Average added 71.15 points,

China’s investments in metals and mining overseas are set to hit a record high this year, as the nation strives to secure vital resources and maintain its position as the world’s leading producer of electric vehicles, batteries, solar panels, and wind turbines. In the first half of this year, Chinese investments and new contracts in

Global gold demand, excluding over-the-counter (OTC) trading, experienced a slight decline of 2% in the first half of 2023, ending on 30th June. This decrease was primarily due to slower demand from central banks and weak consumption in the technology sector. However, when OTC demand was factored in, total demand for gold rose by 7%

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the cash rate. Key pointsThe RBA left its cash rate on hold at 4.1% for the second month in a row.This was in line with our own view where we thought it was a close call, but that the RBA would opt

At the closing bell, the S&P/ASX 200 was 0.54 per cent higher at 7,450.70 after the Reserve Bank’s left the cash rate on hold. Futures The Dow Jones futures are pointing to a fall of 11 points. The S&P 500 futures are pointing to a rise of 0.5 points. The Nasdaq futures are pointing to

Despite a more than doubling in the cost, Lynas Rare Earths (ASX:LYC) plans to build a major US facility financed by the American government remain on track. Lynas confirmed on Tuesday that it had signed a follow-on contract with the America’s United States Department of Defense (DoD) for the construction of the Heavy Rare Earths

Breaking news from the Reserve Bank as they decide to keep the cash rate unchanged at 4.1% for the second consecutive month. The recent dip in inflation during the June quarter influenced the central bank’s decision to hold off on any rate hikes. RBA Governor Philip Lowe expressed optimism about the inflation trend, noting that

The S&P/ASX 200 is performing well today, up by 0.36 per cent so far. The SPI futures are also looking positive, up by 35 points. In terms of sectors, the Information Technology sector is leading the way with a gain of 0.94 per cent, while the Industrials sector is down 0.21 per cent, making it