The S&P 500 rose Wednesday as investors attempted to turn a corner following back-to-back losing sessions on Wall Street. The S&P 500 added 0.51 per cent to 5,104.76, while the Nasdaq Composite gained 0.58 per cent to 16,031.54. The Dow Jones Industrial Average traded higher by 75.86 points, or 0.2 per cent, to close at […]
S&P 500 gains following Powell’s comments Read More »
Well, he didn’t add more Kool-Aid to the punch bowl, but Fed Chair Jay Powell certainly didn’t give markets what they really desired: a clear statement on the timing of the first rate cut. Wall Street reflected the uncertainty Powell left from his first day’s testimony to the US Congress (his regular start-of-the-year appearances). After
No clear signal on rate cut timing leaves markets uncertain Read More »
On Wednesday, the Australian sharemarket saw a modest increase driven by gains in the financials and real estate sectors, with the S&P/ASX 200 Index rising by 0.1% to 7733.5 while the Australian dollar remained steady just below US65c. However, the All Ordinaries index remained flat despite the positive performance in the aforementioned sectors. The financials
ASX closes 0.1% higher: Financials outperforms Read More »
Companies discussed include: Sandfire Resources (ASX:SFR)Cleanaway Waste Management (ASX:CWY)South32 (ASX:S32)
Analysis of Sandfire Resources, Cleanaway Waste Management, South32 and copper Read More »
For the second consecutive quarter, Australian economic growth lingered at the bottom of the activity curve, with a 0.2% increase from the September quarter and a 1.5% growth over the year to December. The data in the December quarter’s national accounts showed a slightly more positive outlook compared to the previous quarters, with encouraging signs
Australia’s GDP expanded by 0.2% in fourth quarter Read More »
To register for Friday’s webinar click here. Atomo Diagnostics (ASX:AT1) has announced securing purchase orders from Viatris Healthcare Pty Ltd for approximately AUD $970,000 worth of HIV Self-Tests, manufactured by Atomo under the Mylan brand for supply to a number of Low- and Middle-Income Countries. The orders are for manufacture during H2 of FY24. Shares
Stocks of the Hour: Atomo Diagnostics, AdAlta, Aruma Resources Read More »
Australia’s gross domestic product expanded by 0.2 per cent in the fourth quarter, missing forecasts, prompting speculation that the Reserve Bank of Australia may consider adjusting interest rates despite maintaining them at 4.35 per cent in recent meetings. Expectations of a gradual economic slowdown in 2023 and 2024, alongside traders anticipating the possibility of a
ASX down 0.19% near noon: Australia’s GDP expands by 0.2 per cent Read More »
A massive thumbs-down from US investors to the move by lithium and chemical giant Albemarle, to raise up to $US2.01 billion in an issue of securities. The shares slumped more than $17 to their lowest level since November 2020 as investors went right off the proposed issue. Albermarle is looking to raise an initial $US1.65
Investors give big thumbs down to Albemarle’s securities issue Read More »
Manny Anton: Good morning. I’m Manny Anton for Finance News Network and today I’m talking to Arrow Minerals. Arrow has an ASX code of AMD and has a market cap of approximately $40 million. Today we’re talking to the company managing director David Flanagan. David, welcome to the network. David Flanagan: Absolutely great to be here. Manny
Arrow Minerals ramps up iron ore drilling in Guinea Read More »
