April 22, 2024

Friday, it was equities that sold off on higher risk, even though there were signs the Israelis had not really retaliated against Iran. Despite that, gold was boosted by a bit of safe-haven buying. Monday, tensions had eased sharply over the weekend, and it was equities that surged, with commodities—led by a tanking gold price—selling […]

Both Moody’s and Fitch have put China on a negative outlook for its credit rating. S&P Global has taken a different stance, suggesting that the country’s fiscal stimulus is running out of steam and might need to be topped up. All three agencies have China rated at their version of a single A+ standing, which

US stocks bounced back in US trading as Middle East tensions eased and investors turned their attention to the release of major company earnings results. The Dow Jones closed up 0.67 per cent, the S&P 500 closed 0.87 per cent higher and the Nasdaq bounced back 1.11 per cent. Both the S&P 500 and Nasdaq

Air New Zealand (ASX:AIZ) trimmed its annual earnings estimates on Monday, citing cost-of-living pressures leading to softer revenue in domestic travel, as well as more competition on its key North American routes. The downgrade saw the shares dip to a near two-year low of 55 NZ cents, the lowest since July 2022. The shares then

The Australian sharemarket experienced a modest relief rally on Monday, with the S&P/ASX 200 Index rising by 1.1 per cent to 7649.2 points, partially recovering from the previous week’s 2.8 per cent loss amidst eased tensions between Israel and Iran. The market rebound was attributed to the assurance that key Iranian nuclear facilities were unaffected

Energy Fuels has agreed to acquire 100 per cent of the issued shares in Base Resources (ASX:BSE; AIM:BSE) by way of scheme of arrangement, to create a global critical minerals business. The price of A$0.302 per share represents a 173 per cent premium to the 20-day volume-weight average price of Base Resources shares. Shares in

The ASX is trading higher on Monday amidst easing tensions between Israel and Iran, with the S&P/ASX 200 rising by 1.4% to 7671 points at the open, partly recovering from last week’s 2.8% loss.  In addition, China has maintained its one- and five-year loan rates unchanged for the second consecutive meeting amid its post-pandemic recovery.

South32’s (ASX:S32) Groote Eylandt manganese mining and export operations in the Gulf of Carpentaria look set to remain offline for another year following Cyclone Megan, which devastated the area in mid-March. In its March quarter production and sales report, South32 stated that the damage was extensive and would require considerable time to repair, bringing the

As markets realized that Israel’s retaliatory attack on Iran caused little damage, gold lost its early momentum but still managed to hang on to the small gain that left it closing above $US2,400 an ounce on Friday. Comex Gold for June delivery was last seen up $US8.70 to US$2,406.70 per ounce. That was after hitting

Iron ore prices eased on Friday but still ended the week with a small gain, marking a notable uptrend for April. Friday’s close at $US116.35 a tonne reflected an increase from the $US111.04 a tonne observed the previous Friday, and a significant rise from $US98.35 on April 5. However, portside stocks in China’s major ports