March 24, 2024

While iron ore prices bounced back last week from their multi-month lows the week before, Australian coking coal pricing took a real hammering on the SGX commodities platform in Singapore. The front month for 62% fines jumped to $US108.50 by Friday, recovering from the previous Friday’s close of $US99.51 a tonne – an 8 month […]

Tesla has reportedly reduced production of electric vehicles (EVs) at its huge Shanghai factory in China because of intense competition and weak sales. Bloomberg reported late last week that the EV maker had told employees at its Shanghai plant a couple of weeks ago to cut production of the Model Y and Model 3 by

Global oil prices settled lower Friday for a third day in a row as the US dollar rose to the highest level in more than a month in the wake of the move by the Fed to pencil in three possible rate cuts this year, dovish remarks from the Bank of England and the surprise

Inflation will continue to dominate market thinking, and with it the prospect of the timing of rate cuts in the run up to the long Easter break and a shortened trading week. Inflation in Australia and the US will be in the spotlight and the likely outcomes will not make markets happy as they drink

Gold prices fell off from a record high on Friday as the US dollar rose to a month high in the wake of the Fed’s three rate cut reveal and the surprise rate cut by the Swiss National Bank.That move, the Fed’s ‘dot plot’ forecasts and the dovish noises from the Bank of England merged

The three major indices drifted over the last session of the week to finish mixed on the day, but ending with the best week of 2024 so far. The Dow ended the day down 0.77 per cent and the S&P 500 inched lower to close down 0.14 per cent. The Nasdaq managed to tick into