China has relaxed its policy on lending for personal-use new energy vehicles (NEVs) as part of an effort to stimulate consumption and from Thursday, new buyers will be able to buy without making a downpayment. The new policy released on the website of the central bank – The People’s Bank of China – on Wednesday […]
China relaxes policy on lending for new energy vehicles Read More »
Gold fell for the first session in eight, copper nudged higher, oil rose and iron ore fell, again in what you would describe as a ‘cliche’ trading session – a bit of this, a bit of that and ignoring the continuing sell off in equities. The driver is the tizz investors, analysts and alike have
Gold rally finally takes a breather Read More »
US markets opened in positive territory before Fed rates commentary and a pop in oil prices spooked traders and triggered an afternoon sell off. The Dow Jones finished the day down 1.4 per cent, the S&P500 closed down 1.2 per cent after being up close to 1 per cent in early trading and the Nasdaq
Fed comments & oil rally trigger afternoon sell off Read More »
Local markets opened in positive territory and held onto early gains for the remainder of the trading day. The S&P/ASX 200 finished the day 0.45 per cent higher, underpinned by the gold sector and interest rate sensitive sectors such as IT and property. Gold, IT and property were the best-performing sectors on the day, with
Local markets hang onto early gains, led by tech and gold names Read More »
Australians don’t want cash, judging by the rise in contactless transactions across the country and the slow death of cheques. And yet we’ve still got around $100 billion in cash on issue around the country (according to the Reserve Bank) — under beds, in jam tins, in wallets and probably overseas or in plastic wrappers
Australians don’t want cash Read More »
On the face of it, this week’s announcement from Regis Resources (ASX:RRL) that it is cranking up its long-talked-about McPhillamys gold project in central western New South Wales (around Orange and Blaney) should be bullish. The region is boom-like anyway with Fortescue Metals (ASX:FMG) buying in to the interesting prospects held by Magmatic Resources (ASX:MAG),
Regis Resources’ company-defining gold project Read More »
So OPEC+ says the 2.2 million in output cuts agreed to in 2023 will remain in place until July. That means global production has been reduced by more than 5 million barrels a day since late 2022 when OPEC (really Saudi Arabia) moved to try and protect prices started in earnest. The cuts in 2023
Iron ore prices continued to weaken Thursday after news on Chinese commodity websites that the government would re-introduce controls on crude steel production over the remainder of 2024. Even though the move has been much discussed, the move isn’t seen as being aimed at reducing pollution levels, more at trying to haul back supply to
Iron ore prices weaken as China reintroduces steel production controls Read More »
No counterweight to rising house prices from February’s building approvals data as a big drop in apartments – particularly in Queensland – offset a solid rise in approvals for private houses. After a 2.5% slide in January, total approvals fell 1.9% in February, – to near 12 year lows – despite the rise in for
February building approvals: Mixed trends in housing market Read More »
To register for Friday’s webinar click here. e-Commerce company RooLife Group Ltd (ASX:RLG) has executed a binding term sheet agreement with China-based e-commerce and supply chain business, Fujian Jushi Supply Chain Management Co., for it to market and sell RLG’s portfolio of products and other requested products which it orders from RLG. Shares are trading
Stocks of the Hour: RooLife Group, Platina Resources, AuKing Mining Read More »
