June 2024

Job vacancy data for May support explanations about the continuing strength of the Australian labour market. Data released Thursday by the Australian Bureau of Statistics show there were 352,700 job vacancies in May 2024, down 10,000 from February, a fall of 2.7%. This followed a fall of 6.2% in February 2024. The ABS said that […]

Southern Cross Media Group (ASX:SXL) has walked away from the attempt by the unlisted Australian Community Media to rid itself of some of the biggest regional newspapers in Australia. The titles include The Newcastle Herald, Canberra Times, Illawarra Mercury, and two major papers in Tasmania, as well as smaller titles in NSW and Victoria, plus

The US Federal Reserve has given the country’s biggest banks, including some big regionals and credit card operators, a clean bill of health in its latest stress tests. The tests, conducted earlier this year, found that the banks would be able to withstand a severe recession scenario while maintaining their ability to lend to consumers

At 11:30am, the S&P/ASX 200 is 1.18 per cent lower at 7,690.90, following inflation data that exceeded expectations, showing a 4 per cent increase for the year to May. In contrast, shares in New York rose, driven by gains in tech stocks such as Apple, Amazon, and Tesla, while Nvidia ended modestly higher and Micron

Lynas (ASX:LYC) is going to spend around $US25 million adding a new stream of rare earth products to the range produced at its Malaysian operation. In a statement to the ASX on Thursday, Lynas said the processing circuits at the Malaysian operation will be modified to produce two new separated Heavy Rare Earth (HRE) products

Immutep Limited (ASX:IMM) Executive Director and CEO Marc Voigt, Chief Scientific Officer Professor Frédéric Triebel, Chief Medical Officer Dr Florian Vogl, and Senior Vice President Strategic Development Christian Mueller present on Immutep’s latest clinical results. Key points:Efti in combination with KEYTRUDA® (pembrolizumab) in first line head and neck squamous cell carcinoma (1L HNSCC) led to

So, what’s the fallout from the surprise 4% annual reading of monthly inflation from the Australian Bureau of Statistics? There was the usual ‘rate rise looms’ knee-jerk reaction from some quarters, but most analysts and economists cautioned that while the news is not good, it shouldn’t generate a premature reaction. The inflation data hit consumer

Equity markets hovered around flat most of the day as investors stayed on the sidelines ahead of key inflation data due out on Friday. The S&P 500 managed to tip into the green closing 0.16 per cent higher. The Dow Jones also managed a positive close finishing 0.04 per cent higher. The tech heavy Nasdaq

Australia’s sharemarket fell over 50 points on Wednesday, with the S&P/ASX 200 dropping 0.7% to 7779.5, following a spike in May’s consumer price index to 4%, higher than expected. Interest rate-sensitive sectors like banking, real estate, and consumer discretionary saw significant sell-offs as the likelihood of a rate hike by the Reserve Bank increased. Meanwhile,

  Australia’s Monthly Inflation indicator rose by 4% over the year to May, higher than the 3.8% expected by economists. Annual inflation has ticked up every month since March and is now at the highest pace in the past 6 months.The monthly CPI indicator tends to be noisier than the official CPI and does not