April 11, 2024

Tech stocks led the market back into positive territory after the previous sessions inflation led sell off after the March PPI number came in below estimates providing a positive data point for inflation concerns. The S&P 500 closed up 0.74 per cent with the tech heavy Nasdaq the best performing index rising 1.68 per cent […]

Shares rebounded on Thursday despite losses in technology and property sectors following higher-than-expected US inflation data, which led to a 0.4% decline in the S&P/ASX 200 index. The Dow Jones index also fell by 1.1% due to March’s 3.8% year-on-year increase in core prices, prompting concerns about inflation surpassing the Federal Reserve’s 2% target. Energy

The higher for longer narrative gains traction as US consumer data holds steady and markets hit all time highs. The late cycle AI heated market rally may be cause for concern, but the more urgent risk for investors is an economy with falling yields and sticky inflation. The rate summit has been found, but how

We witnessed the typical knee-jerk reaction from traders on Thursday in response to Northern Star Resources’ (ASX:NST) swift update on its March quarter gold sales performance. Traders noted the company’s announcement of 401,000 ounces sold in the quarter, which prompted some to hastily react to the slight decline from the previous quarter, leading to a

Deflation revisited China’s economy in March, following its disappearance in February. China’s consumer inflation decelerated to an annual rate of just 0.1% in March from the surprising 0.7% reading in February. This was slower than the 0.4% rise forecasted by economists. However, month-on-month prices plummeted by a significant 1%, reversing the same-sized rise in February

To register for Friday’s webinar click here. Krakatoa Resources (ASX:KTA) announced that 1.2 grams per tonne of gold and 10.5% copper has been identified at the Turon Project in NSW. The results are encouraging, at a time when the demand for copper is booming and gold is threatening to break out to an all-time high.

At 11:30am, the S&P/ASX 200 is 0.86 per cent lower at 7,781.00, as investors sold off interest rate-sensitive sectors such as property, tech, and banking stocks due to the postponement of anticipated US interest rate cuts until November. The real estate sector notably plummeted by 3.3%, reflecting concerns over prolonged higher rates impacting commercial property valuations

NEXTDC (ASX:NXT) is seeking $1.3 billion in a new capital raising to finance its growing data center pipeline and accelerate the expansion of its extensive data center networks in Sydney and Melbourne. The company aims to raise $1.321 billion through a fully underwritten 1-for-6 pro-rata accelerated non-renounceable entitlement offer of new fully paid ordinary shares.