LA Private

April 2024

Stocks of the Hour: NewPeak Metals, HighCom, Estrella Resources

To register for today’s webinar click here. NewPeak Metals (ASX:NPM) has completed formal documentation to proceed with the sale of its interest in its Finnish subsidiary companies, NewPeak Finland and Kultatie Holding, which possess a portfolio of Finland Gold permits, subsequent to the execution of a Binding Term Sheet in February 2024. The transaction provides

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ASX down 0.27% near noon: US Fed Reserve officials suggest patience in fight against inflation

Australian shares slipped in the final session of the week as US Federal Reserve officials emphasised the need for patience in addressing global inflation concerns. At 11:30am, the S&P/ASX 200 is 0.27 per cent lower at 7,792.50, with most sectors trending downwards, particularly Energy. However, tech stocks saw a modest increase of 0.4% following overnight

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Winston’s Weekly: US CPI data and inflation

The following transcript was AI-generated. Manny Anton: Hi and welcome to this week’s edition of Winston’s Weekly, covering all things property. I am Manny Anton your host for today’s property chat. Winston as always welcome back! Winston Sammut: Thank you Manny. Manny Anton: Any stories behind that shirt today? Winston Sammut: No, it’s just another floral shirt. Manny Anton: All

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ASX falls 0.4% following higher-than-expected US inflation data

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

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Northern Star Resources’ quarterly performance and market response

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

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Chinese economy faces deflation again in March

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

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Stocks of the Hour: Krakatoa Resources, Cosmos Exploration, Vulcan Energy Resources

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.

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