As expected, the Bank of England held rates steady at 5% during its meeting on Thursday, despite some enthusiastic traders attempting to promote the idea of a rate cut following the Federal Reserve’s half a per cent reduction the day before. The Bank of England had already cut rates once last month by a quarter […]
Bank of England holds rates at 5%, despite speculation of cut Read More »
US stocks jumped overnight, with the Dow Jones Industrial Average and the S&P 500 rising to new all-time highs, as traders cheered the Federal Reserve’s Wednesday decision to lower interest rates by half a percentage point. The 30-stock index advanced 522.09 points, or 1.26 per cent, ending at 42,025.19, marking its first close above the
US stocks surge to record highs after Fed rate cut Read More »
The US Federal Reserve took its rate-cutting lead from a cooling American jobs market, but on Thursday, there was no such guidance for the still inflation-nervous Reserve Bank, which faced a strong jobs report for August. The US and Australia share a similar jobless rate of 4.2%. While the Fed and its chair, Jay Powell,
RBA faces mixed signals as jobs surge offsets employment shift Read More »
New Zealand’s economy staggered slightly backward in the three months to June due to weak export growth, the timing of tobacco imports, and weak activity in much of the economy. However, unlike Australia, where household spending fell in the June quarter, New Zealand saw a solid rise in activity, according to analysis from Westpac economists
New Zealand’s economy contracts in June quarter Read More »
A milestone on Thursday passed almost unnoticed – Australia’s population topped 27 million for the first time in the year leading up to March 31. Australian Bureau of Statistics (ABS) figures showed that immigration once again drove population growth, with more than 509,000 people arriving in the 12 months, a 10% decrease from 559,000 in
Migration fuels Australia’s population boom, reaching 27.12 million Read More »
Bad news usually triggers a sell-off by nervous investors, and when it’s delivered in the wake of an attention-grabbing half-percent rate cut by the world’s most important central bank, the reaction is very negative. That’s what Brisbane-based testing multinational ALS experienced on Thursday. ALS (ASX:ALQ) warned of lower earnings ahead of its November 19 release
ALS faces market turmoil Read More »
Shares in metals recycler Sims (ASX:SGM) jumped more than 10% at one point on Thursday, despite the company revealing a mixed trading update. Sims informed the ASX that its first quarter saw growth in its large North American business, but challenging conditions in Australia and New Zealand (ANZ). The company stated that rising Chinese exports
Sims sees share price jump after offloading UK business Read More »
Shareholders in Suncorp (ASX:SUN) will soon vote on a massive multi-million dollar pre-Christmas present—the sale of their bank to ANZ for $4.9 billion. However, the proceeds won’t be distributed until the New Year. At the same time, the bank’s board has decided to reduce the size of the bank’s issued capital to accommodate the expected
Suncorp shareholders to vote on $4.9 billion bank sale proceeds Read More »
To register for Friday’s webinar click here. Javelin Minerals (ASX:JAV) has announced that exploration program on the brownfields Coogee Gold- Copper Project is scheduled to start in the December quarter, with a combination of Aircore, RC and Diamond drilling. The initial ~2,500m program will tests several compelling targets at Coogee proximal to the mined Coogee
Stocks of the Hour: Javelin Minerals, Bindi Metals, GreenTech Metals Read More »
