December 7, 2023

The S&P 500 closed higher Thursday, attempting to snap a three-day losing streak as traders looked ahead to Friday’s all-important jobs report. The broad S&P 500 climbed 0.80 per cent to 4,585.59, while the blue-chip Dow added 62.95 points, or 0.17 per cent, to 36,117.38. The Nasdaq Composite advanced 1.37 per cent to 14,339.99 as […]

A weak trade report for November, especially concerning imports, confirms the ongoing challenges in the country’s economy almost a year after hopes of a post-Covid economic boost. In November 2023, China’s trade surplus increased to $68.39 billion, up from $66.49 billion the previous year, surpassing market forecasts of $58 billion. The surplus also rose significantly

Global oil prices fell for a sixth straight session on Thursday, with the declines amounting to just a few cents. Some traders now believe that the selling pressure has subsided. US West Texas Intermediate (WTI) crude oil closed lower, hitting a fresh five-month low as it failed to maintain early gains. WTI crude oil for

China’s latest set of weak trade figures on Thursday has heightened concerns about the strength of economic activity and the potential for further slowdown in 2024. However, iron ore prices have reached their highest level in Singapore in over a year, nearing $US134 per tonne (or more than $A200 per tonne). New data reveals a

The electric vehicle (EV) industry, once riding high on optimism and sky-high valuations, has hit a roadblock as investors and car manufacturers reevaluate their strategies amidst a slowdown in growth. Factors ranging from rising interest rates to evolving EV technology and consumer preferences are being cited as reasons behind the shift in momentum. Recent data

It has been a bustling end to 2023 for Rio Tinto (ASX:RIO). A new iron ore mine in the Pilbara, confirmation of progress on a significant iron ore mine in Guinea, and finally, the long-awaited advancement in their Winu copper/gold and silver prospect towards the mining stage. The preliminary studies and drilling for the massive

The ASX experienced a relatively calm trading session, with the exception of a sharp decline in energy stocks following a significant drop in oil prices, including a 4.1% decrease in US oil, bringing it below $70 per barrel and marking a 5-month low. The energy sector was the sole sector among the ASX’s 11 categories

At around noon, the S&P/ASX 200 is 0.18 per cent lower at 7,165.40. Energy stocks on the ASX are down over 2% as a result of a 4.1% drop in US oil prices, which fell below $70 per barrel, despite a 4.63 million barrel decrease in US crude stockpiles. Brent also slid more than 3.5%

To register for Friday’s webinar click here. Tamboran Resources (ASX:TBN) announced the successful completion of SS-1H stimulation program. In response, Tamboran Resources (ASX:TBN) Managing Director and CEO, Joel Riddle, commented, “the team engineered a repeatable stimulation formula, which is a significant milestone for Tamboran that is expected to lead to more efficient and lower cost

Fonterra (ASX:FSF), the world’s largest producer and exporter of dairy products, has increased its earnings forecast and expected payments to New Zealand farmer customers in response to rising global prices. Fonterra reported an 85% increase in profit after tax compared to the previous year, reaching NZ$392 million, and a 63% rise in earnings before interest