The S&P 500 and Nasdaq both ended the day in the red as investors looked to rotate out of the big tech names and into small caps and property. The trigger for the moves was the June CPI print which came in with the lowest reading in more than three years. The S&P 500 finished […]
Big tech names pull back as small caps shine Read More »
Synlait Milk (ASX:SM1) shares jumped 52% yesterday after shareholders approved the first step of a complicated refinancing of the struggling company’s debt and finances. The shares leapt to a day’s high of 38 cents before settling back to trade around 34 cents after shareholders at a special meeting in New Zealand approved a $NZ130 million
Synlait Milk shares surge 52% after key refinancing approval Read More »
BHP (ASX:BHP) has bitten the bullet and will suspend nickel mining in WA, warning of a full-year loss in its nickel business. The decision, announced Thursday evening, casts doubt over the future of thousands of jobs in WA. BHP shares closed Thursday at $43.56, up 0.9% on the day. The shares are down nearly 14%
BHP suspends nickel mining in WA amid global oversupply Read More »
Wall Street reacted nervously on Thursday to good news on inflation. The Dow was up, but the S&P 500 and Nasdaq were down for the session. This was despite the June Consumer Price Index (CPI) coming in better than expected. Month on month, the CPI eased by 0.1% – a shock because few, if any,
Wall Street’s mixed reaction to unexpected inflation drop Read More »
The Australian sharemarket experienced a risk-on day, with the benchmark briefly climbing above 7900 points in a broad rally led by the big four banks. The S&P/ASX 200 jumped 72.8 points, or 0.9 percent, to 7889.6, approaching its record intraday high, fueled by gains in the technology, real estate, and mining sectors. ANZ was an
ASX closes 0.9% higher: Investors await US inflation report Read More »
Shares of Woodside Energy (ASX:WDS) have increased today following the announcement of a significant supply agreement with Taiwan’s CPC Corp, a major player in the petrochemicals industry. The deal, which marks Woodside’s first long-term contract with Taiwan, underscores the company’s strategic expansion in the lucrative Asian LNG market. Under the terms of the agreement, Woodside
Woodside inks new supply deal with Taiwan’s CPC Read More »
Container shipping and the web of global transport services linked to it are entering the usual peak season for demand, but this year’s scenario planning includes many questions about supply. Red Sea vessel diversions and port congestion have absorbed the industry’s excess capacity from the end of 2023 when Houthi attacks intensified. Spot container rates
The challenges of container shipping in the current global environment Read More »
Uranium stocks are soaring on Thursday following an unexpected hike in uranium extraction taxes in Kazakhstan. This move is anticipated to curb future supply growth from the country, home to the world’s largest producer, Kazatomprom. Amendments to the tax legislation, signed by President Kassym-Jomart Tokayev, will increase the Mineral Extraction Tax (MET) from 6% to
Uranium stocks surge following Kazakhstani tax hike Read More »
To register for Friday’s webinar click here. Augustus Minerals (ASX:AUG) has announced high grade copper and gold results at the Ti-Tree Project in the Gascoyne Region. The results included 35 per cent of copper and 10 grams per tonne of gold. Shares are trading 176.32 per cent higher at 10 .5 cents. Clara Resources (ASX:C7A)
Stocks of the Hour: Augustus Minerals, Clara Resources, Taruga Minerals Read More »
Australian shares opened strongly, rising 1.1% to surpass 7900 points, nearing a record high set in April. The rally, fueled by gains in Wall Street’s tech giants, saw local sectors like technology and real estate advance. Concurrently, gold miners benefited from a rise in gold prices to $2372 per ounce, while Newmont shares climbed 3.3%
ASX up 0.88% near noon: Wall Street records big gains Read More »
