December 14, 2023

The Dow Jones Industrial Average edged higher on Thursday a day after closing above 37,000 for the first time ever as the 10-year Treasury tumbled below 4 per cent and a surprise gain in retail sales gave investors further confidence 2024 would bring a soft economic landing. The 30-stock Dow closed at a record high, […]

US consumers reopened their wallets and dusted off their credit cards last month as retail sales increased by a stronger-than-forecast 0.3%. In fact, November’s rise, following October’s 0.2% fall, surprised most economists who had predicted another slide of 0.1%. The headline rise was not the only strength of the month’s sales performance, as spending on

Australian unemployment rose to an 18-month high of 3.9%, according to the latest labor force report from the Australian Bureau of Statistics on Thursday. However, focusing solely on that figure, as some reports did, was highly misleading. In fact, the ABS data showed that the size of the Australian workforce surged to a record 14.257

As we near the end of a volatile macroeconomic year, we look at some of the interesting trends in global real estate and consider what’s to come. Click here to visit the Quay Global Investors website. Relative to equities, global real estate has rarely been this cheap Source: Bloomberg, Quay Global Investors What it means

In November, Australian employment grew by 61,500 jobs, causing the unemployment rate to rise slightly to 3.9% from the previous month’s 3.8%. This increase led to a surge in the Australian dollar ($A), reaching a peak of US66.86¢, the highest level since late July. The Reserve Bank is closely monitoring the job market as it

Alkane Resources (ASX:ALK) announced they have increased their gold and copper grades by 30% and 28%, respectively, at the Boda Prospect in Central New South Wales. In response, Alkane Managing Director, Nic Earner, said, ““Not only has the definition increased from Inferred to Indicated but the entire resource has increased in both grade and metal

Another $US3 trillion day for Apple as the rate cut frenzy on Wall Street pushed the iPhone maker’s shares close to a record $200. The shares reached a record high close on Wednesday, closing 1.7% higher at $US197.96. Apple’s previous record closing high of $US196.45 was on July 31; it then plunged to a low

In its second decision on Thursday regarding a significant acquisition, the ACCC has announced its approval of Viva Energy’s (ASX:VEA) proposed acquisition of the convenience store chain, OTR Group. The decision comes after the Commission accepted a court-enforceable undertaking from Viva Energy, committing to divest 25 Coles Express sites in South Australia. This decision follows