November 20, 2023

Stocks jumped Monday to start a holiday shortened week, boosted by strong tech gains led by Microsoft and Nvidia. The Dow Jones Industrial Average gained 203.76 points, or 0.58 per cent, to close at 35,151.04 . The S&P 500 added 0.74 per cent and ended at 4,547.38, while the Nasdaq Composite climbed 1.13 per cent […]

Investors have given a big thumbs-up to the surprise news that Lucapa Diamond (ASX:LOM) has halted the feasibility study for its Merlin project in the Northern Territory. In a statement to the ASX, the company blamed what it called “unfavorable capital market and diamond price environments.” Instead, it said it would start small and try

On Monday, energy stocks were the primary drivers of ASX’s upward movement, despite a generally uneventful start to the week. This rise in energy stocks was supported by stable oil prices, which had gained over 4% late the previous week due to increased expectations of OPEC+ reducing supply in its upcoming November 26 meeting, with

Paul Sanger:I’m Paul Sanger for the Finance News Network and today I’m talking with ABX Group. Their ticket code is ABX and they have a market cap of around 17 million. ABX is a uniquely positioned, high-tech Australian company delivering materials for a cleaner future. They have three current significant projects. They’re creating an ionic

China’s central bank kept its key one-year and five-year loan prime rates unchanged for November on Monday. The key rates remained at 3.45% and 4.2%, respectively, marking the third straight month that the People’s Bank of China has held the one-year rate after cutting it from 3.55% to 3.45% in August. The five-year rate, meanwhile,

The Australian Securities and Investments Commission (ASIC) and the Reserve Bank of Australia (RBA) have welcomed the recent announcement by the Australian Securities Exchange (ASX) regarding its solution design to replace the Clearing House Electronic Subregister System (CHESS). The regulators consider this development as a crucial step toward getting the CHESS replacement program back on

Argentina has elected a hard-right populist as president, a move that is likely to set off ripples across global financial markets, especially currencies, with his plans to ‘dollarize’ his country’s economy. Argentinians elected Javier Milei as their new president on Sunday, taking a big punt that he will be able to fix an economy whacked

The S&P/ASX 200 is trading 0.17 per cent higher at 7,061.10. Futures The SPI futures are up 16 points. Best and worst performers The best-performing sector is Energy, up 1.05 per cent. The worst-performing sector is Utilities, down 0.62 per cent. The best-performing large cap is ALS (ASX:ALQ), trading 2.64 per cent higher at $12.46.