May 15, 2024

Wall Street enjoyed a nice bounce Wednesday after US inflation edged down to 3.4% in April, and retail sales slowed by more than many analysts had forecast. The three major measures all saw solid rises a day after the US Federal Reserve Chair, Jay Powell, warned it may have to keep interest rates higher for […]

A weaker than expected CPI print and flat April retail sales numbers pushed all three major averages to record highs. The S&P 500 closed up 1.17 per cent finishing above 5,300 for the first time. The Nasdaq closed 1.40 per cent higher also setting a new record and the Dow closed up 0.88 per cent.

Elementos (ASX:ELT) has announced the restart of Definitive Feasibility Study (DFS) and licensing activities for the Oropesa Tin Project after reaching an agreement with the Andalucian Government (Administration) regarding modifications to the project layout. These modifications aim to improve environmental and community outcomes. The agreement reaffirms the Administration’s support for the Oropesa project, which remains

The economic forecasts of the 2023-24 federal budget have already experienced a miss, with March quarter wages growth slowing more sharply than forecast. This was attributed to the first fall in private wages in over three years and a slump in public service increases. All these factors contributed to real wage growth vanishing in the

The Australian sharemarket rallied on Wednesday, with the S&P/ASX 200 Index climbing 0.4% to 7753.7 and the All Ordinaries rising 0.3%, driven by gains in the mining sector following the federal government’s commitment to increase funding for critical minerals. Materials led the charge with a 1.2% increase, buoyed by positive investor sentiment towards companies like

In the world of share market investing, charts serve as an indispensable tool for decision-making. They provide vital insights into market trends, price movements, and crucial indicators that influence trading strategies. For serious investors, chart settings can also help you to visualize the human nature aspects of the market and to stay ahead of the

Companies discussed include: Aristocrat Leisure (ASX:ALL)Commonwealth Bank of Australia (ASX:CBA)QBE Insurance Group (ASX:QBE)

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the 2024-25 Budget. Key pointsThe budget this year is expected to show a surplus of $9.3bn thanks to a continuing revenue windfall, but slip back into bigger deficits from 2024-25.Key measures include broader cost-of-living support & “Future Made in Australia” measures.Significant extra

Australian Gold and Copper (ASX:AGC) has announced outstanding gold and silver results at Achilles. This drill program covered over half a kilometre of strike and has extended mineralisation beyond the discovery holes recently reported. Shares are trading 66.67 per cent higher at 20 cents. Norwest Minerals (ASX:NWM) has announced it has identified multiple critical mineral

Wage growth in Australia decelerated to 0.8% in the first quarter, falling short of analysts’ expectations of 0.9%. This slowdown, along with persistent inflation above the Reserve Bank’s target range, suggests challenges for monetary policy, with the possibility of a rate cut diminished despite ongoing tightness in the job market. At 11:30am, the S&P/ASX 200