Welcome to the newish black hole in China. Usually, it’s occupied by someone arrested for corruption or some other breach of security laws, which are all pervasive. This one, however, is called China Evergrande, and it’s going to last a long, long time if the forecasts of analysts at the ratings group, S&P Global, are […]
China’s Evergrande: A Black Hole for Foreign Creditors Read More »
US stocks declined on Wednesday following the Federal Reserve’s decision to keep interest rates unchanged. However, Federal Reserve Chairman Jerome Powell mentioned that the central bank was unlikely to consider rate cuts in March, highlighting the need for more positive data on inflation. Still, the central bank did do something traders wanted, which is remove
Major US indexes fall as Fed signals unlikelihood of March rate cut Read More »
The US Federal Reserve has opted to leave interest rates at a 23-year high, disregarding market expectations for a potential pathway to rate cuts. The central bank did not provide any indication of when it might begin reducing borrowing costs this year, contrary to market desires for at least one cut by mid-year. The Fed’s
Fed holds high interest rates amid calls for cuts Read More »
Companies discussed include: Harvey Norman Holdings (ASX:HVN)Insurance Australia Group (ASX:IAG)
The rise of Japan, Harvey Norman, IAG Read More »
The Australian sharemarket reached a new all-time high as inflation cooled more than anticipated in the December quarter, prompting a risk-on rally among traders. The S&P/ASX 200 surged 1.1% to close at 7680.7 points, surpassing the previous record set in August 2021. The market rally was led by interest-rate sensitive sectors, such as utilities and
ASX hits new high after cooler than expected inflation data Read More »
In January, China’s factory sector continued to contract, underscoring the persistent challenges faced by the world’s second-largest economy. According to the National Bureau of Statistics, the official manufacturing activity index edged up slightly to 49.2 from December’s 49. Despite meeting expectations, this marked the fourth consecutive month of contraction. On a more positive note, the
China’s factory sector contracts in January Read More »
Consumer price inflation in the December quarter came in lower than forecast, raising hopes for an earlier than expected rate cut from the Reserve Bank. The quarterly CPI of 4.1% was under the forecast of 4.3%, but well ahead of the monthly figure for December of 3.4%. Quarter-on-quarter inflation slowed to an increase of 0.6%
Dec quarter inflation lower than expected, raising hopes for rate cut Read More »
To register for Friday’s webinar click here. Sunstone Metals (ASX:STM) has announced further outstanding gold-silver assays which continue to strengthen its view that Limon is a large discovery with multiple high-grade epithermal centres. The latest results from surface trenching confirm the shallow, high-grade nature of mineralisation at Limon, which sits within the Bramaderos project in
Stocks of the Hour: Sunstone Metals, Select Harvests, True North Copper Read More »
In Q4, Australian inflation slowed to 0.6%, falling below the market consensus of 0.8%, marking the fourth consecutive quarter of declining annual inflation, with the CPI dropping from 5.4% to 4.1% over the past 12 months. This data will play a crucial role in the Reserve Bank’s upcoming monetary policy decision, with some economists still
ASX up 0.08%: Australian inflation slows to 0.6% Read More »
Perth-based IGO (ASX:IGO) is grappling with severe damage inflicted on its businesses by plummeting nickel and lithium prices, as well as mining challenges at its acquired Cosmos mine in WA. According to the December quarter and half-year report released on Wednesday, IGO is on track to incur a significant interim loss for 2023-24. The report
Perth-based IGO faces massive losses due to nickel and lithium price slump Read More »
