Once again, the markets told the story on Monday as China and Japan considered monetary policy, with the status quo emerging as the winner. The People’s Bank of China (essentially the Communist Party’s Central Financial Commission) left the one- and five-year loan prime rates unchanged at 3.45% and 4.2%. Meanwhile, in Tokyo, the Bank of […]
China and Japan maintain monetary status quo Read More »
On the day China was expected to lower interest rates, its stock markets plummeted by over 2%, surprising analysts who had not anticipated such a move from the People’s Bank of China (PBoC) after it had left another key indicator unchanged the previous week. The PBoC (technically the Communist Party’s Central Financial Commission) decided to
China’s stock markets drop amidst uncertainty over interest rates Read More »
Cobre (ASX:CBE) has been selected to participate in the 2024 BHP Xplor cohort. This means that BHP (ASX:BHP) will provide Cobre with US$500,000 in non-dilutive funding to support and accelerate its exploration plans during the Xplor Program period. The Xplor Program provides participants not only with funding, but also with full access to BHP’s deep
Stocks of the Hour: Cobre, Hot Chili, Aspen Group Read More »
The Australian sharemarket opened slightly higher, following a modest rally on Wall Street, which saw the S&P 500 reach a new high. The S&P/ASX 200 index is currently up by 0.59% at 7,520.90, reflecting a similar trend in US stocks, with the S&P 500 closing up 0.2% and the Nasdaq 100 up 0.3% overnight. The
ASX up 0.59% following new records set by S&P 500 Read More »
