Stocks faced challenges on Monday as rising oil prices and increased Treasury yields dampened market sentiment. The Dow Jones Industrial Average fell 398.51 points, or 0.94 per cent, to close at 41,954.24. The S&P 500 decreased by 0.96 per cent, settling at 5,695.94, while the Nasdaq Composite dropped 1.18 per cent to finish at 17,923.90. […]
US market declines as oil prices and treasury yields rise Read More »
Crude oil prices jumped again on Friday, bringing the weekly gain to around 8%. Oil has been pushed higher due to the intensifying conflict in the Middle East following Iran’s response to Israeli attacks. Energy stocks have surged alongside the rally in oil prices, with the S&P 500 energy sector up 7%. This marks the
Weekly oil gains reach 8% as geopolitical conflicts intensify Read More »
With Rio seemingly pursuing Arcadium, Australia’s largest investor, AustralianSuper, has moved to boost its shareholding in Pilbara Minerals. AustralianSuper has increased its already substantial stake in one of the country’s best-performing (and surviving) lithium miners, Pilbara Minerals, over the past three months. The fund spent $64 million buying 32 million shares, raising its stake to
AustralianSuper boosts Pilbara Minerals ownership Read More »
Rio Tinto (ASX:RIO) wants to acquire the US-Australian-Argentinian lithium group Arcadium in a deal that could ignite consolidation across the struggling industry. Media reports indicate that Rio has been in talks to buy the lithium miner Arcadium, a move that would make Rio the third-largest producer of the electric vehicle battery metal. The price is
Rio Tinto in talks to buy Arcadium Read More »
China has not made any gold purchases for the fifth consecutive month, as the surge in gold prices to new record highs has kept the world’s largest investor on the sidelines. Figures released Monday regarding China’s foreign reserves for September showed that gold reserves remained unchanged for the fifth month in a row at 72.8
China’s gold reserves steady despite rising values Read More »
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses developments in investment markets over the past week, economic activity trackers, major global economic events and Australian economic events. Investment markets and key developments over the past week Global share markets mostly fell over the last week as the war in the
Markets on edge, Oil up, Petrol, US rate cuts, US labour market, Weak household spending Read More »
One of Warren Buffett’s smartest plays has been to make bond issues in the Japanese yen market and then effectively hedge those proceeds by investing in the shares of the country’s five major trading houses — Mitsubishi, Mitsui, Itochu, Sumitomo and Marubeni. It is how Berkshire Hathaway has built substantial minority shareholdings in the five
Yen-sational: Buffetts stake in Japan Read More »
Oliver Davies – Managing Director – Sky Metals Limited (ASX:SKY) owns 100% of the Tallebung Project in New South Wales and is committed to adding value through the application of modern exploration techniques at this high-quality tin project.
Sky Metals (ASX:SKY) – Webinar Presentation Read More »
Peter Christie – Chairman & CEO – ActivePort Group Limited (ASX:ATV) delivers software-defined networking solutions, tailored to the global telecommunications and IT sectors.
ActivePort Group (ASX:ATV) – Webinar Presentation Read More »
Silviu Itescu – Managing Director & CEO – Mesoblast Limited (ASX:MSB) is developing innovative allogeneic cellular medicines to treat complex inflammatory diseases. The company’s portfolio of Phase 3 product candidates includes therapies for acute graft versus host disease, chronic heart failure and chronic low back pain.
Mesoblast (ASX:MSB) – Webinar Presentation Read More »
