February 2024

Australian shares opened 0.5% higher on Friday, with the financial sector, including banks, recovering by 0.7%. Investors were monitoring the potential impact of bad debt exposure to US commercial property. The real estate sector performed the best, surging by 1.9%. The local tech sector also gained 1.1%, driven by Meta’s record-high stock price after strong […]

Winston Sammut, the Director Property of Euree Asset Management, gives his weekly take on the REITs sector. The following transcript was AI-generated. Paul Sanger: Good morning and welcome to this week’s edition of Winston’s Weekly, covering all things property. I’m Paul Sanger, your host for today. As always, we are talking tonight with Winston Sammut,

The Dow Jones Industrial Average rose Thursday as stocks recover from a dismal day for the major averages after the Federal Reserve held steady on rates but signalled that a March cut is unlikely. The 30-stock Dow added 370 points, or 0.97 per cent, while the S&P 500 added 1.25 per cent. The Nasdaq Composite

Elon Musk is determined to secure his $56 billion in remuneration, recently denied by a Delaware Chancery Court decision, the favored court for numerous American businesses based in the state. In a late-night tweet on his X (Twitter) PR channel, Musk announced that Tesla shareholders would be asked to relocate the company’s domicile to Texas,

The outlook has further worsened for lithium, nickel, and other materials linked to electric vehicle manufacturing with the news of a significant move by Chinese car giant Geely to take control of the faltering Polestar business from Volvo. Geely owns 78% of Volvo, and the move to assume control of the Polestar business came after

Brazilian iron ore miner and exporter, Vale, may have regained the title of the world’s top producer of the key steelmaking material in the 4th quarter of 2023. However, Rio Tinto remained the number one player throughout the year, both in production and, more crucially, in sales. Rio continued to lead as the top exporter,

The S&P/ASX 200 Index declined by 1.2%, closing at 7588.2 points, primarily driven by investors’ concerns regarding bad debt exposure in the real estate sector following warnings from US and Japanese lenders. The financials sector, led by major banks like Commonwealth Bank, National Australia Bank, and Westpac, experienced the most significant losses, dropping 1.8% collectively.

CEO and Managing Director Mark Freeman and Portfolio Manager Brett McNeill discuss the FY24 half year results of Djerriwarrh Investments (ASX:DJW).  Geoff Driver: Welcome. My name’s Geoff Driver, General Manager, Business Development and Investor Relations for Djerriwarrh Investments. I have with me today Mark Freeman, the CEO and Managing Director of Djerriwarrh Investments, and Brett

CEO and Managing Director Mark Freeman and Portfolio Manager Kieran Kennedy discuss the FY24 half year results of Mirrabooka Investments (ASX:MIR). Geoff Driver: Welcome. My name is Geoff Driver, General Manager, Business Development and Investor Relations for Mirrabooka Investments Limited. I have with me today Mark Freeman, who’s the CEO and Manager Director of Mirrabooka

China secured its position as the world’s largest automobile exporter in 2023, surpassing Japan for the first time, driven by robust overseas sales of electric vehicles (EVs). Japan exported 4.42 million vehicles in 2023, marking a 16% increase from the previous year, as reported by the Japan Automobile Manufacturers Association on Wednesday, January 31. However,