June 2024

The Australian sharemarket extended losses on Wednesday, with the S&P/ASX 200 Index dropping 0.5% amid investor anxiety over the imminent US Federal Reserve interest rate decision. The materials sector, particularly mining giants like BHP, Rio Tinto, and Fortescue, suffered significant declines due to falling iron ore prices and concerns about China’s property market. Additionally, interest […]

Ahead of the US inflation data and the Fed interest rate decision tonight and early tomorrow respectively, cost pressures continue to show different outcomes in two of Asia’s major economies. China and Japan both produced reports that showed weakish cost pressures in China, solid, and a bit stronger in Japan. While China’s consumer inflation was

Companies discussed include: Viva Leisure (ASX:VVA)Skycity Entertainment Group (ASX:SKC)Life360 Inc (ASX:360)

At 11:30am, the S&P/ASX 200 is 0.69 per cent lower at 7,701.90, reflecting Wall Street performance where banking stocks weighed on the Dow Jones while the Nasdaq and S&P 500 were lifted by Apple’s 7.3% surge. Apple’s stock price closed slightly lower after reaching a peak, contributing to its market cap of $US3.18 trillion, while

To register for Friday’s webinar click here. Reach Resources (ASX:RR1 & RR1OA) has announced that assay results from the latest field program at Wabli Creek have identified a primary source of high grade Nb/REE mineralisation. Most importantly, these latest high-grade assay results confirm that the hard rock source material holds the same or similar high-grade

The boomlet in copper was again deflated on Tuesday, with London Metal Exchange prices and Comex futures prices in New York touching their lowest levels in seven weeks due to pressure from rising inventories and currency volatility. Three-month copper on the London Metal Exchange (LME) fell 2% to $US9,706 per tonne after hitting $US9,691, the

For the second quarter in a row, wet weather and seismic problems have cut Evolution Mining’s (ASX:EVN) gold output. The miner lost around 8,000 ounces due to wet weather at mines in NSW, Queensland, and WA. On Wednesday, it revealed a loss of much more than that – around 26,000 ounces due to the wet

CSR is set to be absorbed by the French giant Saint-Gobain after the Foreign Investment Review Board okayed the $4.3 billion offer for the local building products group. The CSR board agreed to the $9-per-share bid from Saint-Gobain in late February, and shareholders will vote on the proposal at a scheme meeting scheduled for tomorrow

Interesting how the Bapcor (ASX:BAP) share didn’t get near the $5.40 trailed by Bain and Co in one of those airy-fairy non-binding indicative, perhaps-we-might-make-a-bid deals on Tuesday, revealed after the long weekend. Bapcor shares rose nearly 14% to end at $4.97 after touching a day’s high of $5.01. The Bain proposal is too vague to

Apple has made fools of all those investors, analysts, and others who had been chiding it (and stronger) for falling behind in AI – its big launch Monday was “underwhelming,” according to most critics. By Tuesday, they were eating their words as the shares soared to a record high and restored the company to Wall