May 2024

China’s key industrial production may have bounced by a larger-than-expected annual 6.7% in April, but it did so without any help from the country’s key steel sector. In fact, China’s crude steel output surprised with a significant fall in April. Crude steel output fell to 85.94 million tonnes in April, down from 88.3 million tonnes […]

President Xi Jinping had his opportunity to make a dramatic statement about new help for the country’s economic black hole—AKA housing and property—and tanked it on Monday. The policy was outlined on Friday by the government with reduced loan-to-valuation ratios, lower (record) low rates for first and second home buys, and a special fund (finally)

Australian shares are inching closer to a record close, with the ASX moving within 35 points of its all-time high. The rally is being driven by strong performances in the mining and energy sectors, buoyed by record-high prices for commodities such as copper and gold. Meanwhile, in international markets, China has opted to keep its

Star (ASX:SGR) shares came out of a brief trading halt after the company was forced to issue a second statement Monday morning on supposed takeover approaches. The second statement, which named a possible bidder, saw the shares leap nearly 205% to 54 cents just before midday. The Star said on Monday morning, after the brief

Bastion Minerals (ASX:BMO) has announced a significant new discovery with widespread visible uranium mineralisation with high spectrometer readings at the Morrissey Project. This significant new discovery in the Morrissey project identifies potential for economic surficial uranium, hosted at shallow depth in calcrete, with possible contemporary analogues such as Lake Maitland. Shares are trading 25 per

Copper has surged to a new high, driven by financial investors anticipating a supply shortage, with futures on the London Metal Exchange reaching $US10,848 a ton, reflecting a more than 25% increase since the year began, amid concerns of a tightening ore supply potentially leading to a global shortfall in refined metal. At 11:30am, the

Shares in the embattled Star Entertainment (ASX:SGR) are likely to surge today with the news that the US casino group Hard Rock Hotels and Casinos is considering a bid. The Financial Review suggests that Hard Rock, based in Florida, is eyeing control of Star, offering significant capital investment to bolster the struggling gaming group. The

Ryan Joyce explains the intricate business structure of Brookfield Corporation. Guiding us through the strategic rationale that positions the company as a worthy investment in the Magellan Global Fund and how it is creating value for investor.   Important Information: Units in the fund(s) referred to herein are issued by Magellan Asset Management Limited ABN

Listed jewelry chain Michael Hill (ASX:MHJ) has set itself up for a pounding when the ASX reopens on Monday after issuing a weak trading update on Friday. The update, released via the ASX at 5:19 pm, well after Friday’s close, has resulted in a stack of pain awaiting the stock when the ASX reopens at

Rate cuts, mood changes, and volatile commodity prices—especially copper and gold—are on the agenda alongside the release of central bank board meeting minutes from the Fed and the Reserve Bank, early results of the May survey of business activity in major economies, and 17 speeches or public appearances by senior Fed members in the US