Big tech names surged higher leading the broader market to new record highs ahead of the highly anticipated inflation data due out tomorrow US time. The broad S&P 500 closed 1.02 per cent higher at a record 5,633, its seventh straight day of gains. The Nasdaq added 1.18 per cent to also set a new […]
Big tech leads US markets to fresh highs Read More »
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the Australian dollar. Key pointsAfter a soft patch since 2021, there is good reason to expect the $A to rise into next year: it’s undervalued; interest rate differentials look likely to shift in favour of Australia; sentiment towards the $A is negative;
The five reasons why the $A is likely to rise further – if recession is avoided Read More »
The June inflation data from China presented mixed messages on Wednesday, as economic activity and the government’s ongoing support measures failed to gain real traction with consumers and depressed sectors of the economy. While consumer prices remained weak and eased last month, the deflation that has gripped the large production sector for more than 18
Mixed messages in China’s June inflation data Read More »
Companies discussed include: Johns Lyng Group (ASX:JLG)Macquarie Technology Group (ASX:MAQ)Rolls-Royce Holdings
Analysis of Johns Lyng Group, Macquarie Technology Group and Rolls-Royce Holdings Read More »
The Reserve Bank of New Zealand has left its cash rate on hold at 5.50% but again hinted that a rate cut could be coming. It left a hint of a suggestion for some interest rate relief after its last meeting six weeks ago, and in the post-meeting statement on Wednesday, the hint became more
Reserve Bank of New Zealand hints at possible rate cut Read More »
China’s consumer price inflation rose by 0.2% in June from a year ago, missing expectations, while producer prices fell in line with forecasts, data from the National Bureau of Statistics showed on Wednesday. A Reuters poll had anticipated a 0.4% year-on-year increase in the consumer price index (CPI) for June, but the actual rise was
China’s inflation numbers fall short of expectations Read More »
The Honourable Shane Jones discusses the New Zealand government’s pro-mining strategy. Topics touched on include: the rationale behind invigorating the resources sector, statutory reforms to boost investment, and commodities New Zealand possesses. Paul Sanger: Hello. I’m Paul Sanger with the Finance News Network, and today I am speaking with the Honourable Shane Jones. Minister Jones
Minister Shane Jones discusses New Zealand’s resources sector Read More »
Booktopia (ASX:BKG), once a shining star on the ASX, now finds itself at the center of a fierce bidding war as potential buyers vie to rescue the beleaguered book retailer from administration. With expressions of interest due this Thursday and firm offers expected next Tuesday, McGrathNicol, overseeing the sale, hopes to secure a deal that
Booktopia faces bidding war as deadline nears Read More »
Infini Resources (ASX:I88) has announced exceptionally high-grade uranium soil assays confirmed at Portland Creek. The Project is located in the uranium-friendly jurisdiction of Newfoundland, Canada. Shares are trading 57.14 per cent higher at 77 cents. Mako Gold (ASX:MKG) has announced that the RC drilling program has commenced at the Napie Project. Drilling is targeting three
Stocks of the Hour: Infini Resources, Mako Gold, Elementos Read More »
Australian shares opened lower following a previous day’s rally, and at 11:30am, the S&P/ASX 200 is 0.47 per cent lower at 7,792.60. The drop was led by weakness in the materials sector due to a decline in iron ore prices, despite US stocks closing higher. Federal Reserve Chairman Jerome Powell’s testimony suggesting a potential rate
ASX down 0.47% near noon: Materials down 1.11% Read More »
