Gold hit an all-time high of $2,384.50 per ounce on Tuesday on Comex in New York, before easing to trade around $2,371 per ounce at 7am Sydney time on Wednesday. This surge led to a 6% gain over the last five sessions, with the local price hovering around $3,550, albeit having touched $3,555 earlier in […]
Gold surges, copper reaches high, oil dips ahead of US inflation report Read More »
Investors remained on the sidelines ahead of the key March CPI data due out Wednesday US time (tonight local time). The Dow tipped into negative territory closing down 0.02 per cent. The S&P 500 closed up 0.14 per cent and the Nasdaq was the best performing index closing up 0.32 per cent. In company news,
Investors stay on the sidelines ahead of key inflation data Read More »
Big investors seized a lucrative opportunity on Tuesday as Ansell, the global leader in protective solutions, executed a $400 million placement. The move, aimed at financing the acquisition of Kimberley-Clark’s PPE business, resulted in significant gains for shareholders across the board. The day marked a substantial uptick in share value, benefiting all stakeholders amidst the
Ansell’s $400m placement yields strong returns Read More »
The Australian sharemarket closed higher on Tuesday, buoyed by a 0.5% gain in the benchmark S&P/ASX index to 7824.2 points, primarily driven by a 1.5% surge in the materials sector, amidst speculation of increased iron ore demand from China. This rally was led by notable gains in key mining stocks such as Rio Tinto, BHP
ASX closes 0.5% higher: Speculation of increase demand in iron ore Read More »
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the property market. Key pointsThe Australian housing market remains far more complicated than optimists and doomsters portray it to be.Australian housing is expensive and highly indebted; but it’s very diverse; mortgage arrears remain low; interest rates still matter; but it’s been chronically
Seven things you need to know about the Australian property market Read More »
A bit of a “steady as she goes” report card on the health of the Australian economy last month from the National Australia Bank. Business conditions were down a touch, while business confidence was up a touch. The bank’s economists said the reading from its monthly survey continued “the trend of above-average activity indicators alongside
NAB snapshot: Australian economy steady Read More »
Bitcoin surged past the $71,000 mark during Asian trading hours on Monday, marking its highest point since April 1. The rally comes as anticipation builds ahead of the much-anticipated reward halving expected to take place on April 20. This surge has not only propelled Bitcoin but also bolstered bets within the Ordinal and BRC-20 ecosystem.
Bitcoin surges above $71,000 ahead of halving Read More »
Miramar Resources (ASX:M2R) has announced that the Company is currently working toward the maiden drilling campaign within the Bangemall nickel, copper and cobalt PGE projects and has expanded its strategic 480 km2 Eastern Goldfields tenement portfolio. The new tenement application has a +11 kilometre long aircore gold anomaly, with similarities to the +2Moz Invincible gold
Stocks of the Hour: Miramar Resources, Solstice Minerals, Helix Resources Read More »
The March NAB Business survey indicated that business conditions and confidence remained relatively stable, with positive trends observed in the retail and construction sectors despite ongoing challenges, particularly in rate-exposed industries. While forward orders improved, they still remained negative, suggesting a tentative improvement in supply-demand balance, albeit with elevated labor and material costs, and strong
