November 9, 2023

The S&P 500 fell Thursday breaking an eight day winning streak as rising yields shook investor confidence. The benchmark index was trading down 0.8 per cent, while the Nasdaq was 0.9 per cent weaker. The Dow Jones Industrial Average was 0.7 per cent lower. All S&P sectors were trading in negative territory, with the worst

Investors gave Xero’s solid rebounding interim results, released on Thursday, a thumbs-down. Despite a strong recovery from significant write-downs a year ago, the shares were down more than 5% by around 11 a.m., Sydney time. This decline was much larger than the broader market, which was down by around half a percent during the same

China entered deflation for the second time this year as food prices, particularly pork, dropped, causing consumer prices to decline by 0.2% in October. This figure was slightly worse than the anticipated 0.1% decrease and marked a departure from September’s stable reading. The National Bureau of Statistics attributed this drop to the fourth consecutive month

Investors showed increased enthusiasm for Orica (ASX:ORI), the explosives and chemicals group, following the release of its 2022-23 results on Thursday. The highlight was a 23% boost to dividends. Orica’s shares performed well in the early session after the results were released, despite a broader market downturn. The company reported a 12% increase in sales

Corporate Connect Research Analyst Richard Close has released a flash report for Empire Energy Group (ASX:EEG). Empire Energy provides exposure to the development of the world class unconventional gas resource located in the Beetaloo Sub basin in Australia’s Northern Territory. The company’s recent work program on the Carpentaria Project (EP187) in the East Beetaloo has

Corporate Connect Research Analyst Joh Snyman has released a flash report for Stealth Global Holdings (ASX:SGI). SGI recently reported its FY23 results, delivering a record profit and building on the steady improvement of recent years. The strong result was driven by solid organic growth, recent acquisitions and associated scale benefits, combined with positive supply and

Retailers in Australia may feel that the Reserve Bank of Australia (RBA) is not on their side, given the recent decision by the RBA to raise the official cash rate for the first time in four months. This rate hike, amounting to 0.25 percentage points, brought the rate to 4.35%, marking the highest level in

Australian stocks are building on their early gains as Thursday’s trading session unfolds, displaying resilience in the face of a turbulent Wall Street session marred by worries about the worldwide economic outlook and interest rate fluctuations. At around noon, the S&P/ASX 200 is 0.42 per cent higher at 7,024.90. The SPI futures are pointing to