Despite weaker than expected March quarter production, Gold Fields is sticking to its 2024 full year output guidance it boosted in February. The global gold giant revealed on Tuesday that problems in South Africa as well as weather events in Australia and Peru held back production in the three months to March 31. The South […]
Gold Fields sticks to its 2024 output guidance Read More »
There might be signs emerging in China of a steadying in the stricken property sector with more reports of government support to be wrapped up by June and major developers presenting lists covering hundreds of projects that could get government support through local administrations. But don’t tell investors in Hong Kong where they sent the
HK property showing no signs of steadying Read More »
American analysts came up well short in their guidance for Tesla’s March quarter EV deliveries with after 18 of them missing – and by a mile – the actual outcome. It was a huge miss as Tesla shocked investors and analysts alike with its March delivery quarter update. Elon Musk’s electric-vehicle said it delivered about
Tesla March Qtr deliveries well below consensus Read More »
Worry about the Middle east and don’t bet on a rate cut this year emerged as the new market paradigms on Tuesday, if another day of rising gold and oil prices and Treasury bond yields are any guide. Comments questioning the likelihood of a rate cut from a couple of key Fed members sent yields
Gold and Oil continue their rally in the face of rising bond yields Read More »
Rising bond yields and concerns around the timing of future rate cuts by the Federal Reserve weighed heavily on US markets as investors are increasingly question the likelihood of a June rate cut. The Dow closed the day down 1 per cent, the Nasdaq closed down 0.95 per cent and the S&P500 finished down 0.72
Inflation & rate concerns weigh on markets Read More »
The Australian share market ignored the softer lead from US markets overnight to test new highs in early trading, before late afternoon selling pushed the index into the red. The sectors creating the greatest drag on the day were Communications Services, Property & Healthcare. Gold, Metals & Mining & Materials stocks were the key drivers
Market closes in the red after testing news highs in early trading Read More »
BHP (ASX:BHP) and its partner, Mitsubishi Development, have completed the sale of their unwanted central Queensland coal mines at Daunia and Blackwater to Whitehaven Coal (ASX:WHC). BHP and Mitsubishi are 50-50 per cent partners in BMA, owners of the world’s richest coking coal reserves and export operations. In a statement to the ASX Tuesday afternoon,
BHP completes sale to Whitehaven Coal Read More »
A weak trading update, especially for its expensive French buy in late 2023, has seen the return of investor doubts about packaging group (and Amcor spin off a decade ago) Orora (ASX:ORA). The shares fell 13 per cent in the first minutes of trading on Tuesday after the Easter break off the back of a
Return of doubts about Orora Read More »
A solid dose of reality for Trump Media and Technology with the appallingly weak financials revealed for the key asset, Donald Trump’s Truth Social social media platform which is a big blob of red ink and perhaps not viable. The shares lost more than 21% on Monday after last week’s huge surge as the company
Harsh reality behind Trump Media’s financials Read More »
Gold bugs celebrated yet another record for the metal on Monday with the price — spot and futures — rising sharply in early trading, before losing puff as US bond yields surged by the most in a month. Spot gold hit an all-time high of US$2,265.53 per ounce in the early hours of trading on
