April 2024

On Wednesday, the Australian sharemarket saw a 0.3% increase in the benchmark S&P/ASX 200 Index, reaching 7848.5 points, predominantly driven by a surge in mining stocks attributed to optimistic forecasts regarding iron ore consumption. The materials sector notably excelled, rising by 0.9%, as major companies such as BHP, Fortescue Metals, and Rio Tinto experienced notable […]

Forrestania Resources (ASX:FRS) has announced that they have returned gold samples of up to 49 grams per tonne from fieldwork at Ada Ann Prospect, Eastern Goldfields. The Company believes that the gold story at this project can be quickly advanced to a potentially valuable asset for the Company, given the very favourable location nearby of

Australian shares opened higher, following a late rebound on Wall Street and a decrease in US Treasury yields ahead of the release of key US inflation data. At 11:30am, the S&P/ASX 200 is 0.24 per cent higher at 7,843.50, with anticipation surrounding the forthcoming CPI data influencing market sentiment and expectations regarding potential interest rate

Gold hit an all-time high of $2,384.50 per ounce on Tuesday on Comex in New York, before easing to trade around $2,371 per ounce at 7am Sydney time on Wednesday. This surge led to a 6% gain over the last five sessions, with the local price hovering around $3,550, albeit having touched $3,555 earlier in

Investors remained on the sidelines ahead of the key March CPI data due out Wednesday US time (tonight local time). The Dow tipped into negative territory closing down 0.02 per cent. The S&P 500 closed up 0.14 per cent and the Nasdaq was the best performing index closing up 0.32 per cent. In company news,

Big investors seized a lucrative opportunity on Tuesday as Ansell, the global leader in protective solutions, executed a $400 million placement. The move, aimed at financing the acquisition of Kimberley-Clark’s PPE business, resulted in significant gains for shareholders across the board. The day marked a substantial uptick in share value, benefiting all stakeholders amidst the

The Australian sharemarket closed higher on Tuesday, buoyed by a 0.5% gain in the benchmark S&P/ASX index to 7824.2 points, primarily driven by a 1.5% surge in the materials sector, amidst speculation of increased iron ore demand from China. This rally was led by notable gains in key mining stocks such as Rio Tinto, BHP

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the property market. Key pointsThe Australian housing market remains far more complicated than optimists and doomsters portray it to be.Australian housing is expensive and highly indebted; but it’s very diverse; mortgage arrears remain low; interest rates still matter; but it’s been chronically

A bit of a “steady as she goes” report card on the health of the Australian economy last month from the National Australia Bank. Business conditions were down a touch, while business confidence was up a touch. The bank’s economists said the reading from its monthly survey continued “the trend of above-average activity indicators alongside

Bitcoin surged past the $71,000 mark during Asian trading hours on Monday, marking its highest point since April 1. The rally comes as anticipation builds ahead of the much-anticipated reward halving expected to take place on April 20. This surge has not only propelled Bitcoin but also bolstered bets within the Ordinal and BRC-20 ecosystem.