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 […]
ASX closes 0.07% lower as US oil prices fall below $70 Read More »
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%
ASX down 0.18% as oil prices fall Read More »
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
Stocks of the Hour: Tamboran Resources, Invictus Energy, Blaze Minerals, Elixir Energy Read More »
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
Fonterra raises earnings forecast amidst global price surge Read More »
Perpetual (ASX:PPT) has rejected Washington H. Soul Pattinson’s (ASX:SOL) all-paper offer, which includes no cash. “The Board, together with its advisers, carefully considered the Indicative Proposal and unanimously determined that it is not in the best interests of its shareholders. Therefore, it has rejected it on the same confidential basis as it was provided to
Perpetual rejects Soul Pattinson’s offer Read More »
US stocks wavered on Wednesday as investors assessed data indicating falling inflation, while the jobs report loomed. The Dow Jones industrial Average lost 70.13 points, or 0.19 per cent, to close at 36,054.43. The S&P 500 shed 0.39 per cent to 4,549.34, while the Nasdaq Composite dropped 0.58 per cent to 14,146.71. Stocks cooled from
US stocks choppy as data shows drop in labour costs Read More »
Companies discussed include: BlueScope Steel (ASX:BLS)Collins Foods (ASX:CKF)Johnson & Johnson (ASX:JNJ)
Weight loss corporates, new car prices and Black Friday sales Read More »
Sigma Healthcare is expected to announce a major transaction today, which will result in a backdoor listing by the privately-owned pharmacy giant, Chemist Warehouse, on the Australian stock exchange. Sigma Healthcare shares entered a trading halt just before 1 pm as news of the anticipated deal spread through the market. Sigma shares were halted at
Chemist Warehouse to take over Sigma Healthcare in backdoor listing Read More »
Increased government spending on energy and childcare rebates, investment, and defense spending kept the Australian economy afloat in the three months to September, even though economic growth slowed to less than walking pace, growing at just 0.2%. The quarter-on-quarter growth was half the 0.4% rise in the three months to June and half the market
Government spending and defense support amid slower Australian growth Read More »
On Wednesday, the Australian sharemarket experienced its largest one-day rally in over a year, with the benchmark S&P/ASX 200 index surging 1.7% to 7178.4 points, driven by increased speculation of an interest rate cut by the Reserve Bank. This marked the largest gain since November 2022, and the market now fully anticipates an RBA rate
ASX closes 1.7% higher in its largest one-day rally in over a year Read More »
