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 »
Shares in Evolution Mining (ASX:EVN) leapt by 10% on Wednesday as its March quarterly report made it clear that the acquisition of 80% of the Northparkes mine in central western NSW, and the soaring gold price, would produce a surge in earnings, especially in the 2024-25 financial year. The shares traded around $4.26 on Wednesday
Evolution Mining leaps 10% Read More »
“Steady as she goes,” was the reaction from Rio Tinto (ASX:RIO) management to production data that, on the whole, disappointed a little on the downside, especially for copper and somewhat for iron ore. The company said in its first quarterly report of 2024 that iron ore production fell 11% quarter on quarter to 77.9 million
Steady as she goes: Rio Tinto’s quarterly Read More »
No wonder the Reserve Bank of New Zealand left its Official Cash Rate (OCR) steady last week — the latest consumer inflation data shows that while easing, cost pressures continue to persist, as in Australia and the US. Statistics NZ said on Wednesday that the country’s Consumer Price Index rose 4% in the 12 months
NZ cost pressures persisting Read More »
Australian shares extended their losses this week, primarily driven by the indication from the US Federal Reserve that rate cuts might not occur in the near future. This contributed to further declines in the Australian stock market, compounding the losses already experienced earlier in the week. US Federal Reserve Chairman Jerome Powell confirmed concerns overnight
ASX down 0.15% near noon: Fed Chair Powell confirms rates will stay higher for longer Read More »
Firebrick Pharma (ASX:FRE) has announce that its Nasodine® Nasal Spray product is being launched in the United States today. The product will be promoted for “nasal hygiene” without any therapeutic claims. Shares are trading 82.35 per cent higher at 9.3 cents. Critical Resources (ASX:CRR) has announced 8km of highly prospective anomalies and follow-up targets at
Stocks of the Hour: Firebrick Pharma, Critical Resources, Blue Star Helium Read More »
No wonder shares in Star Entertainment Group (ASX:SGR) lost another 14% on Tuesday, following further damning disclosures during the second day of the inquiry into the company’s culture and fitness to hold a license for the Star Casino in Sydney. The shares had already dropped over 4% on Monday, as investors grappled with other news,
Further disarray at Star Read More »
