04 Oct 2023 – Stocks tumbled on Tuesday as Treasury yields hit their highest levels since 2007, raising concern higher interest rates would freeze the housing market and tip the economy into a recession.
Stocks fall amid soaring Treasury Yields and recession concerns Read More »
Stocks tumbled on Tuesday as Treasury yields hit their highest levels since 2007, raising concern higher interest rates would freeze the housing market and tip the economy into a recession. The Dow Jones Industrial Average lost 430.97 points, or 1.29 per cent, for its worst day since March. The 30-stock index ended the day at
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On Tuesday, US 10-year bond yields surged to 4.80%, marking a new 16-year high. Investors, both large and small, were gripped by worry over rising interest rates, increasing inflation, and Federal Reserve actions, according to market reports. The 30-year Treasury yield also climbed to 4.932%, its highest level since 2007. Meanwhile, the 2-year T bond,
US 10-year bond yields reach 16-year high at 4.80% Read More »
Steady as Michelle Bullock took the reins as the new Governor at the Reserve Bank, judging by the statement from her first central bank monetary policy meeting on Tuesday. The RBA left the cash rate unchanged at 4.1% for the fourth consecutive month but also maintained the hawkish approach of her predecessor, warning that a
RBA’s Michelle Bullock steers steady course amidst economic uncertainty Read More »
The Australian sharemarket hit a six-month low on Tuesday, driven by a US Treasury sell-off influenced by the US Federal Reserve’s hawkish messaging, despite the Reserve Bank’s decision to maintain the cash rate at 4.1%. The benchmark S&P/ASX 200 index fell 1.3% to 6943.4, its lowest level since March 21, with most industry groups in
ASX closes 1.3% lower to hit a six-month low Read More »
Tesla held its position as the world’s leading EV manufacturer in the third quarter, narrowly surpassing Chinese auto giant BYD. During this period, Tesla reported shipping 435,059 vehicles globally, rebounding after facing its first delivery drop in over a year due to factory shutdowns. Despite this decline, the company remains confident in achieving its year-end
Tesla still top dog, outpaces BYD in Q3 deliveries Read More »
Alex Hanly, CEO of Lithium Universe Limited (ASX:LU7), provides an update on the company’s projects, discussing progress towards developing the Quebec Lithium Processing Hub. Paul Sanger: Today, we’re talking to Lithium Universe (ASX:LU7), which has a market cap of around $20m. Lithium Universe plans to construct a project in Quebec to assist Canada with its
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The S&P/ASX 200 is trading 1.08 per cent lower at 6,957. Staying on the Australian front, the Reserve Bank of Australia has maintained the cash rate at 4.1 per cent for the fourth consecutive month, citing concerns about persistently high inflation and the possibility of further monetary tightening to bring inflation back to target. This
Afternoon update: ASX trading 1.08% lower as RBA keeps rates unchanged at 4.1% Read More »
03 Oct 2023 – Alex Hanly, CEO of Lithium Universe Limited (ASX:LU7), provides an update on the company’s projects, discussing progress towards developing the Quebec Lithium Processing Hub.
Developing a vertically integrated lithium processing hub in Quebec Read More »
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the cash rate. Key points:The RBA left its cash rate on hold at 4.1% for the fourth month in a row.This was in line with our own forecast, the consensus of economists and the money market’s expectation.The decision to hold is consistent
