Yeehaw! Big global investors are at their most confident since January 2022, according to the latest monthly survey from Bank of America. Yet, judging by the changing sentiment on Wall Street, this ebullience may be misplaced. The survey showed that investors jettisoned bonds in favor of buying shares and commodity investments at near unprecedented rates, […]
Global investors at their most confident since 2022 Read More »
US markets ended in the red for the fourth trading day in a row as big tech names weighed heavily on markets. The S&P 500 closed down 0.58 per cent, the tech heavy Nasdaq slid 1.15 per cent and the Dow Jones closed 0.12 per cent lower. Nvidia led the tech sell-off, closing down nearly
Nvidia and Big Tech lead US markets lower Read More »
For yet another quarter, the world’s second-biggest gold miner has missed forecasts and forecasted an inflation-topping jump in costs for both gold and copper. Barrick was unable to beat production estimates in 2023 when production totaled 4.054 million ounces – down from 2022’s 4.141 million and a long way short of 2019’s most recent peak
Missed expectations for Barrick’s production Read More »
Despite cutting its interim dividend and reporting a slump in earnings and surge in costs, shares in the Bank of Queensland (ASX:BOQ) still managed a solid 5.1% gain on the day in the wake of the release of its half-year report. The shares ended at $6.10 after touching a high of $6.28, as investors seemed
BoQ manages price uptick in the wake of report Read More »
The second Star inquiry in Sydney has gone from bad to worse, to what the heck, after it was halted on Wednesday, Day 3 of the first week of the new probe. The reason, it seems, is the company producing a host of documents on its former chief financial officer, Christina Katsibouba, who testified on
Things go from bad to work at Star Read More »
Major commodity prices slumped Wednesday across the board — all except for copper and iron ore — as the realities of US monetary policy hit home. Traders and analysts had a few hours overnight to consider the implications of comments Tuesday from Fed Chair Jay Powell about US interest rates, and finally worked out that
Commodities slide (except for copper and iron) Read More »
Retail investors have been flocking to relatively new spot Bitcoin exchange-traded funds (ETFs), yet they seem to be overlooking gold funds, despite the yellow metal consistently hitting new highs and outperforming Bitcoin over the past month. Data from Morningstar reveals that during the first three months of the year, the nine new Bitcoin ETFs attracted
Gold rush vs Bitcoin frenzy Read More »
The correlation between risk and returns is widely accepted. Historically, smaller companies have often outperformed larger ones over extended periods, a principle deeply embedded in investment theory and practice. However, recent market data has cast doubt on this conventional wisdom. The Russell 2000 small-cap index, a benchmark for smaller firms, has consistently lagged behind the
The curious case of US small-cap stocks Read More »
Companies discussed include: Bank of Queensland Limited (ASX:BOQ)National Australia Bank Limited (ASX:NAB)Macquarie Group Limited (ASX:MQG)Westpac Banking Corporation Limited (ASX:WBC)ANZ Group Holdings Limited (ASX:ANZ)Commonwealth Bank of Australia Limited (ASX:CBA)
Analysis of the banking sector Read More »
Continuing its decline for the fifth consecutive session, the ASX experienced a downturn as the S&P/ASX 200 closed 6.9 points, or 0.1 per cent lower at 7605.6. This decline reflects ongoing market apprehensions regarding the uncertain geopolitical landscape in the Middle East, particularly following an attack on Israel by Iran, which has sparked concerns of
ASX closes 0.1% lower regarding the uncertain geopolitical landscape in the Middle East Read More »
