September 11, 2023

Incitec Pivot (ASX:IPL), the explosives and fertiliser manufacturer, is poised for a tumultuous trading session today (Tuesday) following the release of a mixed trading update well after Monday’s trading hours had concluded. Incitec Pivot (IPL) informed the ASX that its “overall Group financial performance remains broadly in line with the outlook provided in May 2023.” […]

Liontown (ASX:LTR) shares are set to surge today following confirmation from Gina Rinehart’s Hancock Prospecting that it has acquired a substantial stake in Liontown Resources, potentially disrupting the $6.6 billion cash offer from US lithium giant Albemarle. On Monday, Liontown shares closed at $3.01, a slight dip from Friday’s closing price of $3.04, which was

China has been quietly but consistently increasing its gold reserves while simultaneously reducing its holdings of US Treasuries, a move that has garnered attention from financial experts worldwide. The rationale behind this shift and its potential implications for global markets are subjects of ongoing analysis. BetaShares Chief Economist David Bassanese noted China’s recent actions, stating,

Stocks rose Monday to start a big week of inflation data as investors bought up tech shares in the wake of recent weakness. The Nasdaq Composite rallied by 1.14 per cent to 13,917.89. The S&P 500 gained 0.67 per cent to 4,487.46. The Dow Jones Industrial Average rose 87.13 points, or 0.25 per cent, to

The Australian sharemarket recouped early losses on Monday with help from banks and iron ore miners. The S&P/ASX 200 ended the day 36.6 points, or 0.5 per cent higher at 7192.3, despite moving into negative territory in early trading. The Tech sector large-caps WiseTech and Xero weighed on the market in early morning trading before

News of a $US150 million US government loan saw shares in graphite producer, Syrah jump by more than 16% at one stage yesterday in what was a bit of welcome news for the under pressure stock. The big early surge had run out of puff by the afternoon session and the gain more than halved

Westgold Resources’ timely revitalisation of its exploration program has seen the company avoid what would have been an embarrassing slide in the amount of resources at its gold mining operations in the Cue area of WA. Stepped up spending on exploration in 2022-23 saw big increases in contained gold resource estimates for its established Big

Investment markets and key developments over the past week After a couple of weeks of gains global share markets fell again over the last week on renewed concerns about more central bank rate hikes, higher oil prices as Saudi Arabia and Russia extended production cuts, a rebound in bond yields and concerns about China’s economy

Scrap recycler Sims’ disappointing first quarter downgrade knocked the share price lower and helped budge the NSX into negative territory. The shares fell 15% at one stage and were down around 10.5% just before midday after it surprised with a forecast of breaking even in the three months to September 30, instead of making a