August 13, 2023

The Nasdaq Composite ended Friday lower and notched its second consecutive losing week in 2023 as semiconductor stocks languished. The tech-heavy Nasdaq slid about 0.6 per cent to end at 13,644.85, pulled down by a selloff in semiconductor stocks such as Advanced Micro Devices, Nvidia and Micron. The VanEck Semiconductor ETF (SMH) ended the week

Commodities are poised to undergo another round of scrutiny driven by China’s economic data, marking a second week of potential challenges. The forthcoming final reports on retail sales, employment, investment, and production, coupled with updates on the ailing property sector, are highly anticipated. The backdrop of last week’s startling declines in exports, imports, and deflation

China’s economic landscape has raised alarms for a second consecutive week, prompted by last week’s dismal trade data and confirmation of a slide into deflation. This led to a more than 3% drop in Chinese shares, marking the worst performance among major economies’ markets. The question now is whether this week will witness a recurrence

On Friday, the highly awaited annual results from the lithium group, Allkem (ASX:AKE), will be released, providing insights into the anticipated merger with Livent. Livent reported its results last week, revealing that its second-quarter profit had decreased from the first three months of the year but was significantly higher compared to the same period in

The Australian reporting season for June 30 is picking up steam this week, with over 60 ASX 200 companies set to release their final or interim results. While none may be as massive or significant as the Commonwealth Bank’s $10 billion plus offering from the previous week, several will provide valuable insights into how the