April 2024

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.

Here’s a significant warning for Elon Musk, Tesla, and investors banking on robotaxis to compensate for shelved Tesla EV variants. Around six months after General Motors withdrew its Cruise self-driving vehicles from US streets due to a serious accident in San Francisco, GM reintroduced a car on Tuesday – this time with a driver. GM

China’s car industry surged in March as demand recovered from weak levels in January, followed by a holiday-dampened February, propelling output higher. Government and industry data released on Wednesday showed China’s vehicle sales rose by 9.9% year-on-year to 2.69 million units in March, rebounding from a 19.9% slump in February. An intensifying price war, along

March’s US Consumer Price Index shouldn’t come as much of a surprise to financial markets. After all, it merely continued the trend established in the January data and persisted into February – that inflation was lingering longer than desired. With the exception of oil, the CPI report saw markets falter and bullish analysts turn bearish.

Hotter than expected March inflation data triggered a wave of selling in US markets with the 10 year Treasury yield soaring back above 4.5 per cent. The Dow Jones fell 1.09 per cent, the S&P 500 slid 0.95 per cent and Nasdaq Composite closed 0.84 per cent lower. The March CPI came in a bit

Companies discussed: oOh!media Limited (ASX:OML)Cochlear Limited (ASX:COH)Elders Limited (ASX:ELD)

The Reserve Bank of NZ believes that maintaining interest rates at their current highs will “return consumer price inflation to the bank’s 1% to 3% target by the end of 2024.” In a statement issued after its latest monetary policy discussion, the RBNZ stated that the extended period of rates at current levels (5.5% for

In a recent development, Fitch Ratings has opted to revise the outlook on China’s long-term foreign debt from stable to negative. This move comes as Fitch cites escalating concerns regarding the country’s public finance prospects amid a steady rise in debt levels. The rating agency has highlighted a multitude of factors contributing to this decision.

In a surprise announcement four months after Moody’s move, Fitch on Wednesday revised its outlook on China to negative, citing increasing risks to the country’s public finance outlook from a slowing economy and its search for new ways to stimulate growth in the wake of the property crunch. Fitch forecasted the general government deficit would