July 2024

Indonesia is attempting to reduce Chinese investment in new nickel mining and processing projects to help its industry qualify for US tax breaks, as the Biden administration seeks to limit Beijing’s influence in the electric vehicle supply chain. Starting in 2025, generous tax breaks will be available under President Joe Biden’s Inflation Reduction Act. However, […]

The US oil industry may be nearing a turning point as evidence suggests a slowdown in the aggressive rig cuts that have characterized the past year. Last week’s unexpected increase in the oil rig count by five to 482 marks the lowest level in over two years, according to Baker Hughes. While this number is

Iron ore prices experienced a volatile week, with values fluctuating near the psychologically important $US100 per tonne mark on the Singapore Exchange. While the commodity managed to close at $US102.40 on Friday, a slight uptick from the previous week’s $US104.52, market sentiment remains subdued. The mixed performance of major mining giants offers a snapshot of

Local sharemarkets are poised for heightened volatility this week as investors grapple with a confluence of economic uncertainties. The release of Australia’s June quarter inflation data on Wednesday will be a pivotal moment, with the potential to significantly influence the Reserve Bank’s monetary policy stance. Market participants are on edge as consensus expectations suggest a

Aruma Resources (ASX:AAJ) has announced they have identified high-grade copper assays at the Fiery Creek Project in Queensland. Fiery Creek is under-explored and located in an interpreted favourable geological setting and is an exploration priority for Aruma. Shares are trading 45.45 per cent higher at 1.6 cents. Terra Uranium (ASX:T92) has announced high grade uranium

The coming week promises to be a tempestuous one for global markets, as a confluence of economic indicators, central bank decisions, and corporate earnings collide. Investors and policymakers alike will be closely monitoring developments across multiple fronts. The Federal Reserve’s monetary policy meeting on Wednesday will undoubtedly be the week’s focal point. While market expectations

Gold prices rallied on Friday, recovering from a sharp decline the previous day as US inflation data came in line with expectations. Treasury yields fell, boosting the appeal of non-interest-bearing gold. Comex gold for December delivery jumped $32.90 to $2,432.80 per ounce, having dropped $64.10 on Thursday. August gold closed at $2,385.70, up nearly 1.4%.

China’s economic engine sputtered last week as shares plummeted 3.7%, a stark reflection of investor uncertainty over the government’s ability to reignite growth. The Third Plenum, widely anticipated to deliver a decisive stimulus package, fell short of expectations, sending shockwaves through the market. While Beijing has since unveiled a series of measures, including multiple interest

Australia is bracing for a tumultuous week as crucial economic data is set to be released. The June quarter and monthly inflation figures are expected to be particularly challenging, with economists predicting a surge in prices. This could significantly impact the Reserve Bank of Australia’s (RBA) monetary policy stance. AMP chief economist Shane Oliver forecasts

The rotation into cyclicals and small caps continued on Friday, underpinned by encouraging inflation data. All the major indices and the small cap Russell 2000 finished the day up strongly. The Dow Jones surged 1.64 per cent & the broader S&P 500 rallied 1.11 per cent. The Nasdaq gained 1.03 per cent. The small cap