June 2024

India’s stocks appear to be selling down for a second consecutive day today, following Tuesday’s significant slump in response to the surprising election outcome. The markets tumbled on Tuesday in volatile trading, as it slowly became apparent that the government of Prime Minister Modi had fallen far short of its bombastic hopes for a crushing […]

“Follow the money” is always a good adage in stock market investment. There’s nothing like momentum or choice to tell a broader story about what investors and companies are doing with their money. And that applies in exploration for minerals as well as energy commodities. This not only tells us what is in fashion —

Suddenly, the flow of economic news is all confused, with weak news becoming good news, at least for US investors on Tuesday. Confused? Well, where else would a fall in job openings (a negative if it means pressure on employment) be seen as a positive than on Wall Street, where the desperation to see a

US stocks closed in the green as the latest jobs data, provided further evidence that the economy is losing momentum and keeping the door open to rate cuts. The Dow climbed 0.36 per cent on the day. The S&P 500 finished 0.15 per cent higher and the Nasdaq closed up 0.17 per cent. The state

On Tuesday, the ASX witnessed a downturn, predominantly influenced by a notable sell-off in mining and energy sectors, triggered by weakened commodity prices. The S&P/ASX 200 index slid by 0.3%, equivalent to 23.9 points, halting a two-day consecutive upward trend, while the broader All Ordinaries index also experienced a decline of 0.4%, settling at 7994.1

ABx Group (ASX:ABX) announces an update to the ALCORE bath pilot batch reactor, in which the latest test runs achieve over 90% in fluorine recovery. At commercial scale, a proportion of the hydrogen fluoride will be further processed via an existing commercial process to produce aluminium fluoride. Shares are trading flat at 5 cents. ACDC

Aus shares began the session with minimal change, leveling off shortly after the market opened. This stagnation was attributed to a decline in commodity prices, which adversely affected mining firms, counterbalancing any positive momentum in the healthcare sector. At 11:35am, the S&P/ASX 200 is 0.2 per cent lower at 7,745.40. The SPI futures are pointing to

Never a good sign to show weakness when you claim to be controlling a key commodity market and expect to escape some sort of punishment. But that’s what the OPEC+ group did with its extension of its production caps until well into 2025—down went prices on Monday, thereby making all OPEC members poorer for at

There won’t be any confirmation for a year or more, but the South Korean government has suddenly become very, very optimistic that it has identified a potential major oil and gas resource in the East Sea, off the city of Pohang (home to the huge steel group, POSCO). In a briefing widely reported Monday afternoon,

The old “boom, no it’s a bust” mentality among iron ore traders emerged Monday when Singapore prices slid 4% or more on nerves about Chinese demand. It was only a week ago that the same traders were confident China had done something positive with its latest property sector support measures revealed on May 17. Traders