China’s steel production finally jumped from the doldrums at the start of this year in May, recording one of the biggest monthly rises in some time. The country’s National Bureau of Statistics reported that crude steel output rose 8.1% to a high of 92.86 million tonnes, the highest monthly total in 14 months. Analysts attributed […]
Surge in Chinas steel production marks biggest monthly rise in over a year Read More »
Richard Brennan, Strategy Ambassador for East Coast Capital Management, speaks to Chris Gosselin, the CEO of Australian Fund Monitors, about the company’s diversified, systematic, trend-following approach. Chris Gosselin: My name is Chris Gosselin from Australian Fund Monitors. Today, we’re talking to Richard Brennan from East Coast Capital Management. East Coast Capital Management run a systematic
Trend following across futures markets Read More »
Embattled car parts retailer and distributor, Bapcor (ASX:BAP), has won significant support from its bankers as it prepares to announce a significant loss for the year ending June 30 and decides whether to fight a takeover approach from an American private equity firm. The company revealed on June 11 that Bain and Co., the US
Bapcor secures bank support amidst losses and takeover talks Read More »
Schrole Group (ASX:SCL) announced that it has entered into a Scheme Implementation Deed with TES Aus Global Pty Limited, in which TES will acquire 100% of Schrole for 48.52 cents. The cash consideration of 48.52 cents per Schrole share (Scheme Consideration) represents a 203% premium to the Schrole closing price of 16.0 cents on 14
Stocks of the Hour: Schrole Group, Alderan Resources, Prospect Resources Read More »
Australian job advertisements, as measured by ANZ-Indeed, decreased by 2.1% in May, following a peak decline of 23.9% from November 2022, yet remaining over 20% higher than pre-pandemic levels. At 11:30am, the S&P/ASX 200 is 0.06 per cent lower at 7,719.70. The SPI futures are pointing to a fall of 10 points. Best and worst
ASX down 0.06% near noon: Aus job ads decline Read More »
How many legs does gold have left in its current rally? What about silver? And can copper staunch the losses as more metal than the market can handle ends up in LME and Shanghai Metals Market stockpiles? While oil recovered last week, its outlook is hazy. Even though iron ore edged higher late last week,
Heading into the Reserve Bank’s rate meeting this week, the ASX will not be in a confident mood. The ASX 200 Index will start with another fall this morning after the overnight SPI futures platform locked in a 17-point drop at the close on Saturday morning, Sydney time. That was after the index fell 25.4
Market turbulence ahead of Reserve Bank’s rate meeting Read More »
Oil prices might have bounced back last week from the post-OPEC+ meeting sell-off the week before, but market fundamentals continue to tell another story. On the one hand, the International Energy Agency once again revised downwards its forecasts for global oil demand growth, and US weekly inventories registered a surprise rise of 3.7 million barrels.
Oil market dynamics Read More »
Russia has been caught overproducing its OPEC+ quota, but no one seems to be upset. On Thursday, Russia’s Energy Ministry pledged to cut daily crude production in June by 971,000 bpd from the baseline of 9.949 million barrels. In April and May, Russia overproduced relative to its OPEC+ target, but now says it plans to
Russia’s OPEC+ quota excess goes unpunished amid global oil dynamics Read More »
Out of the blue, the Serbian government is reported to be ready to reverse itself and approve the nearly $US2.55 billion Jadar lithium/borate mine of Rio Tinto. The Financial Times reported online on Sunday that Serbian President Aleksandar Vui had said his country is preparing to give Rio Tinto the green light to develop Europe’s
Serbia considers reversal on Rio Tinto’s $US2.55 billion Jadar mine approval Read More »
