Judging by the results of the latest Bank of America monthly survey, big global investors made the right choice in favouring bonds and equities last month. The monthly survey showed that investors have reduced their cash holdings (down to a two-year low) to embrace the largest overweight position in bonds since 2009. This position has […]
Global investors favour bonds and equities, BofA survey reveals Read More »
Warren Buffett’s Berkshire Hathaway has abandoned more of its share holdings in some of America’s oldest and best-known companies in the three months leading up to September, signaling a further push into cash. It shed its holdings in three of America’s leading industrial companies in the September quarter, selling its stakes in General Motors, Johnson
Warren Buffett’s Berkshire Hathaway sells off key holdings, grows cash reserves Read More »
The Australian sharemarket declined despite a strong labor force report indicating the creation of 55,000 new jobs in October, with a previous upward revision of 8,000 jobs in September. However, the jobless rate increased slightly from 3.6% to 3.7%. Meanwhile, on Wall Street, the S&P 500 surpassed 4,500 as investors analysed economic reports to gauge
ASX falls 0.67% at close: Best performing sector is Utilities Read More »
16 Nov 2023 – The Australian sharemarket experienced a late trading decline, despite a strong Wall Street rally, as investors reacted to local data revealing a substantial increase of 55,000 jobs in October, though the unemployment rate inched up from 3.6 per cent to 3.7 per cent.
Afternoon update: ASX down 0.65% despite unemployment rate increasing Read More »
Australian employment increased by 55,000 in October, with a slight uptick in the unemployment rate to 3.7%. This is significant because it impacts the Reserve Bank’s efforts to control inflation, and the bank has adjusted its unemployment rate forecast to 3.8% by December, following a recent interest rate hike to 4.35%. At noon, the S&P/ASX
ASX down 0.21% at noon with a slight uptick in the unemployment rate Read More »
To register for Friday’s webinar click here. Galan Lithium (ASX:GLN) has signed a binding term sheet with a Glencore subsidiary for potential lithium chloride concentrate offtake and financing of $70-$100 million, endorsing their low-risk development strategy to become Argentina’s next lithium producer. Discussions for the larger Phase 2 HMW development are open and well advanced.
Stocks of the Hour: Galan Lithium, Vulcan Energy Resources, ABx, Bryah Resources Read More »
16 Nov 2023 – A snapshot of the stocks on the move, featuring Galan Lithium (ASX:GLN), Vulcan Energy Resources (ASX:VUL), ABx (ASX:ABX) and Bryah Resources (ASX:BYH).
Stocks of the Hour: Galan Lithium, Vulcan Energy Resources, ABx, Bryah Resources Read More »
GrainCorp (ASX:GNC), Eastern Australia’s major grain and oilseeds group, has disclosed higher revenue but significantly lower earnings for the fiscal year ending in September. The company indicated that the upcoming 2023-24 financial year is likely to follow a similar pattern. The company announced on Thursday that it had transformed a 4.6% increase in revenue for
GrainCorp’s 2022-23 revenue up, earnings down, similar trends expected in 2023-24 Read More »
