November 2023

The ASX experienced a subdued Monday session, with its benchmark index nearing 7000 points for the first time in over two weeks, anticipating the Reserve Bank’s impending cash rate decision. Australia’s central bank is anticipated to raise the cash rate to 4.35 percent during its upcoming monetary policy meeting, marking the first increase since June. […]

Australia’s S&P/ASX 200 index briefly exceeded 7,000 points for the first time in over two weeks, with a 0.3 percent gain of 20.1 points, as investors exercised caution in anticipation of the Reserve Bank’s cash rate decision on Tuesday. The ASX has since fallen below that figure, currently trading higher by 0.23 percent. Additionally, the

Westpac (ASX:WBC), the country’s second-largest bank, announced on Monday morning that it will reward its shareholders with a final dividend of 72 cents per share, up from 64 cents per share the previous year. This increase will bring the total dividend for the year to $1.42 per share, up from $1.25. In addition to the

Last week marked a potential high point for BYD, the world’s largest producer of electrified vehicles, both battery and plug-in EVs, which may also signify a peak for the global EV and lithium industries. On the positive side, there was confirmation of record quarterly profits for the three months ending in September, record sales in

Shares in emerging WA gold miner Red 5 (ASX:RED) jumped to a 52-week high of 33 cents yesterday after the company’s annual meeting heard an update forecast from the new chair, Russell Clark. Red 5 shares climbed a solid 8% at one stage after the meeting heard Mr. Clark forecast that the company would exceed

Investment markets and key developments over the past week Global share markets rebounded over the last week from oversold levels on the back of increasing optimism that the Fed has finished raising rates helped by soft US jobs data, strong US earnings results and the war in Israel being relatively contained so far. For the

Soprano Design Australia Pty Ltd today announces its intention to make an off-market takeover bid for all the ordinary shares in Whispir Limited (ASX: WSP) for $0.48 cash per share. The all cash offer price of $0.48 is best and final and will not be increased, in the absence of an alternative proposal or a

The Australian sharemarket began the week with a slight upward movement, as investors remained watchful for the Reserve Bank’s cash rate decision scheduled for Tuesday, with both bond and equity traders exercising caution in their approach. Bond traders are increasingly anticipating a 0.25 percentage point cash rate hike by the Reserve Bank of Australia on