LA Private

July 2024

Oil prices steady near two-month high

Oil prices remained stable near a two-month high, as conflicting market signals emerged, with weaker demand in Asia balancing out a significant drop in US crude stockpiles. West Texas Intermediate (WTI) rose slightly, exceeding $84 a barrel after hitting its highest closing price since mid-April. Brent crude also saw a minor increase on Thursday. The

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Coal market disruptions spark rally in ASX mining stocks

In the past week, disruptions at two significant coal mines have fuelled concerns about a shortage of supply just as demand for the commodity surges, triggering a rally in ASX-listed mining stocks. Underground fires at Anglo-American’s Grosvenor mine in Queensland and Allegheny Metallurgical’s Longview mine in West Virginia have halted production at both sites. Together,

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Stocks of the Hour: Clinuvel Pharmaceuticals, Mt Malcolm Mines, Auric Mining

To register for today’s webinar click here. Clinuvel Pharmaceuticals (ASX:CUV) announced the final set of results from a study evaluating the DNA-repair capacity of afamelanotide on skin of healthy volunteers exposed to UV radiation. The study was conducted at Salford Royal Hospital in Manchester, a centre globally acknowledged for its expertise in assessing the effects

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ASX down 0.05% near noon: Aus dollar reaches highest level since January

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

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Winston’s Weekly: Sector update

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.

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Lagarde stresses data-driven approach for future ECB rate decisions

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

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EU imposes provisional duties on Chinese electric vehicle imports

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

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