September 1, 2024

Inflation rates on both sides of the Atlantic continue to cool, setting the stage for interest rate cuts by key central banks later this month. In the United States, personal consumption expenditure (PCE) inflation met expectations in July, showing a modest rise both monthly and annually. Meanwhile, in Europe, inflation fell closer to the target […]

The latest official survey of activity in China’s manufacturing sector confirms that August was another sluggish month for the country’s economy. The official survey from the National Bureau of Statistics showed that manufacturing activity shrank for the fourth consecutive month. The official purchasing managers’ index (PMI) fell to 49.1 in August from 49.4 in July,

Shareholders in Woolworths (ASX:WOW) won’t be getting another special dividend next February to go with the 40 cents a share revealed in last week’s financial report after the retailer sold its last stake of 4.1% in grog group, Endeavour on Friday night. The $383 million block trade was handled by Goldman Sachs on and means

A holiday in the U.S. today will provide a brief respite from market activity, but attention will quickly shift to domestic economic data. On Friday, investors will closely watch U.S. jobs data, while Australian markets will focus on the June quarter national accounts on Wednesday. Globally, the start of the month brings surveys of economic

Iron ore prices concluded a challenging August slightly above $100 per tonne in Singapore but appeared quite battered. Despite a modest increase of approximately 27 US cents during the month, prices also dipped to around $US92 per tonne. 62 Fe ore finished the month at $US100.90 per tonne on the SGX trading platform in Singapore,

Oil prices experienced another weak week, culminating in a 3% decline on Friday. West Texas Intermediate (WTI) crude closed at $73.55 per barrel, marking the third consecutive weekly loss. Brent crude also fell, ending the week at $76.93. For August, both benchmarks declined by 0.66%. The U.S. rig count remained unchanged at 483, according to

Gold still ended with a gain for the week and August, even though itfell off from a record high mid session Friday as the US dollar and US bond yields tightened after the key US inflation measure came in on forecast and brought a rate cut closer in 10 days time. The only proviso so

Rate cuts are on the horizon, and it’s the moment biotech companies and their investors have been eagerly anticipating. Biotech stocks have struggled to deliver the kind of returns typically associated with the “tech” in their name. The SPDR S&P Biotech ETF (XBI) has only achieved a 4.6% annualised return over the past five years,

The U.S. oil industry and Republican leaders are pressuring Kamala Harris to clarify her stance on energy and climate policy as she navigates the delicate balance of appealing to her progressive base without alienating voters in key swing states like Pennsylvania, a major hub for shale production. On Thursday, the Vice President announced that she

Gallium, a critical component in smartphones, radar systems, and numerous other technologies, plays a far more significant role than its modest price might suggest. Despite being sold for just pennies above production costs, many non-Asian producers exited the market in the late 2000s when China ramped up its production capacity. Today, China dominates 98% of