March 18, 2024

A slightly better than expected performance by China’s steel industry in January and February and more positive data on industrial production for the same period, saw iron ore prices bounce back over the $US100 a tonne level in Singapore on Monday. 62% Fe fines from the Pilbara ended the session up 4% at $104 a […]

If anything, China’s economy struggled to maintain momentum in January-February, despite a return to consumer price inflation (not deflation), stronger imports and exports and rises in new urban investment and industrial production. But on the negative side of the economic balance sheet, retail sales growth slowed when it should have been stronger because of the

US Treasury bond yields rose on Monday afternoon as bets for a June rate from the Fed dipped below 50%. Bloomberg and other analysts said the yield on the two year T-bond climbed to its highest level this year as swaps traders and economists at Goldman Sachs forecast fewer Federal Reserve interest-rate cuts this year

Stocks rose on Monday driven by a rally in tech leaders as Wall Street focuses on a key artificial intelligence conference and new monetary policy guidance from the Federal Reserve. The Dow Jones Industrial Average climbed 75.66 points, or 0.2 per cent. The S&P 500 gained 0.63 per cent, and the Nasdaq Composite advanced 0.82

China’s property crackdown has started with reports on Monday night that the government has accused broken giant, Evergrande of what amounts to an US$80 billion fraud. But the regulatory announcement, as revealed in a filing from the company on Monday evening, seems to fall short of revealing if there are any criminal charges involved. The

Oil prices experienced an uptick following a notable weekly surge, fueled by a combination of robust macro-economic indicators from China and heightened geopolitical tensions stemming from Ukrainian attacks on Russian refineries. The global benchmark Brent approached the $86 per barrel mark, building on a 4% gain from the previous week, while West Texas Intermediate (WTI)

Iron ore prices exhibited a volatile swing, hovering close to $US100 a tonne, against the backdrop of imminent data from China that could potentially unveil further frailty within its expansive steel sector. Last week, futures endured a staggering decline of over 13 per cent, plunging investors into uncertainty. Initially, prices dipped by as much as

China’s economic performance in the initial months of the year has surpassed expectations, as indicated by recent data released by the National Bureau of Statistics. During the January-February period, industrial output surged by 7 percent compared to the same period last year, outpacing economists’ projections of a 5.2 percent increase. Retail sales also saw a

The Australian sharemarket ended Monday’s session almost unchanged, with the S&P/ASX 200 closing marginally higher by 0.07 per cent at 7675.8 points, driven by late-session recovery but still witnessing losses in the real estate sector due to caution surrounding the Reserve Bank of Australia’s upcoming decisions. Meanwhile, mining stocks saw modest gains fuelled by rebounding

dorsaVi (ASX:DVL) has successfully integrated real-time facial tracking into its suite of AI-powered video tracking capabilities available in the ViMove+ platform. The advancement builds upon the successful development of lower limb tracking achieved in September 20231. Shares are trading 80 per cent higher at 2.7 cents. Celsius Resources (ASX:CLA) has announced that the Philippine Department