July 2024

At 11:30am, the S&P/ASX 200 is 0.05 per cent lower at 7,827.60, due to declines in mining and property stocks, despite earlier gains in the week. Saudi Aramco refuted reports of considering a bid for Santos, causing Santos shares to dip by 0.8% to $7.93. Meanwhile, the Australian dollar reached its highest level since January […]

Winston Sammut, the Director Property of Euree Asset Management, gives his weekly take on the REITs sector. Topics discussed include: US market highs, the possibility of rate rises, and Australian property news. Disclaimer: Sequoia Financial Group (ASX:SEQ), the parent company of Finance News Network, owns a 20 per cent interest in Euree Asset Management.

The European Central Bank (ECB) needs to see more robust evidence that inflation is steadily moving towards the 2 percent target before contemplating additional interest rate cuts, ECB President Christine Lagarde stated. In an interview with Portuguese TV station RTP, Lagarde stressed the importance of vigilance amid ongoing disinflation in the eurozone. She pointed to

The European Union will start imposing provisional countervailing duties on imports of electric vehicles (EVs) from China today, July 5, while negotiations with China continue for a more permanent arrangement. “Today, nine months after the initiation of an ex officio anti-subsidy investigation, the European Commission (EC) has imposed provisional countervailing duties on imports of battery

European markets closed higher as the US market was closed for the Independence Day Holiday and the UK headed to the polls. The Stoxx 600 index closed up 0.6 per cent higher. Banks rose 1.3 per cent to lead the gains with most sectors and major bourses trading in positive territory. The UK’s FTSE 100

Australia’s plan to halve the number of net migrants entering the country may not be enough to curb still-rising inflation, economists say. Several respondents in The Australian Financial Review’s quarterly economist survey indicated that any efforts to curb migration would help relieve high rental prices and ease pressure on the labor market. However, inflation is

Recent rumours swirling around Santos (ASX:STO) suggest a potential takeover bid by Middle Eastern giants Saudi Aramco and Abu Dhabi National Oil Co (Adnoc). However, market analysts remain sceptical about the likelihood of such a deal materialising, despite ongoing talks with third parties regarding asset sales aimed at unlocking shareholder value. Earlier this year, Santos

To register for Friday’s webinar click here. Arafura Rare Earths (ASX:ARU) announced the German Government inter-ministerial committee (IMC) has issued conditional approval for up to US$115 million in Untied Loan Guarantees from Euler Hermes over a 10-year tenor. The funds will help aid the Nolans Project. Shares are trading 8.33 per cent higher at 19.5

At 11:35am, the S&P/ASX 200 is 1.08 per cent higher at 7,823.40, buoyed by a strong performance in New York ahead of the July 4 holiday. Santos saw rise amidst reports of interest from Saudi Aramco and Abu Dhabi National Oil Co in acquiring the company, highlighting potential hurdles including regulatory approvals and corporate strategy

Alkane Resources (ASX:ALK) has confirmed that its Tomingley Gold Mine in central western NSW met its reduced guidance estimate for the 2023-24 financial year after a slower-than-predicted expansion ramp-up in the final quarter of the year. The company also announced a higher guidance target for the year ending June 2025. Alkane reported that Tomingley delivered