January 18, 2024

Since the start of 2024, Tokyo’s Nikkei market has seen remarkable action, hitting 35 and achieving new 36-year highs in the first fortnight of trading. The Nikkei Index soared by 6.6% just last week, driven by persistently high inflation and the yen’s ongoing depreciation against the greenback—a traditional stimulant for Japan’s exporter-dominated market. On Monday, […]

Tech companies, led by Apple, powered the market Thursday and pulled the major averages into positive territory. Apple shares ticked higher by 3.3 per cent after Bank of America upgraded the stock to buy, calling for more than 20 per cent upside over the next 12 months. This put the tech giant on pace for

US initial unemployment benefit claims remain a lower-tier economic statistic for the American economy; however, they continue to exert a larger-than-expected influence on US economic sentiment and analysis. The weekly report is nowhere near as important as the monthly labor force report. Yet, the latest week’s data, showing a sharper-than-expected fall in new claims, contradicts

The Australian sharemarket experienced a fifth consecutive day of decline, primarily driven by a decrease in interest rate-sensitive real estate stocks. The S&P/ASX 200 index dropped by 0.6%, with notable losses in materials, energy, and real estate sectors. This decline followed a weaker performance on Wall Street due to reduced expectations of interest rate cuts,

Is it another sign of a weakening job market with a 65,000 drop in new jobs last month, or will these losses be offset as they were three times last year? The Australian Bureau of Statistics’ labor force data for December not only revealed a significant job loss but also a smaller drop in unemployment.

Gateway Mining (ASX:GML) has intersected a significant new zone of bedrock gold mineralisation in first-pass Reverse Circulation (RC) drilling testing at the newly defined Duplex target, within the Montague Gold Project in WA. In response, Gateway’s Managing Director, Mr Mark Cossom, said, “this is a completely new style of mineralisation to anything we’ve seen before

The S&P/ASX 200 is 0.78 per cent lower at 7,335.30. This is due to the impact of UK inflation figures and US retail sales data, which prompted traders to reduce their expectations for interest rate cuts. Overnight, Wall Street displayed weakness, as the S&P 500 benchmark declined by 0.6%, and the Dow Jones slipped by

The world’s second-largest gold miner announced in November that its 2023 gold production would be lower than expected due to equipment issues at its Dominican Republic mine and reduced output at two sites in the Nevada Gold Fields business co-owned with Newmont in the US. In a preliminary update on Wednesday, the company reported a

Serbia is actively seeking further discussions with Rio Tinto regarding the future of the Jadar lithium-borate project, despite Rio Tinto’s recent statement expressing limited interest and a preference for investing in Argentina’s metal industry and the extraction of iron ore in Africa and Western Australia. The project faced a setback in January 2022 when Serbian

Iron ore looks good, nickel faces challenges, coking coal struggles, thermal coal holds steady, and copper shines in BHP’s (ASX:BHP) December quarter and half-year production and sales reports. According to BHP, the first half of the year has been solid operationally. The company maintained full-year guidance for iron ore, copper, and thermal coal but expressed