October 2024

HSBC’s third-quarter results have exceeded expectations, propelling its shares to a six-year high. Shares are currently 3.71% higher at 717.8 pence on the London Stock Exchange. The London-based bank, which derives most of its earnings from Asia, reported a pre-tax profit of US$8.5bn — a 10% increase year-on-year — surpassing analyst forecasts of US$7.6bn. This […]

Spot gold is trading at a record high of US$2,769.61 per ounce (surpassing a previous record of US$2757.22, set on 23 October this year). The latest Job Openings and Labor Turnover Survey (JOLTS) for September showed a sharp drop in job openings to 7.44 million, down from August’s 8.04 million, and well below forecasts of

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses valuations. Key pointsStarting point valuations – like yields and price to earnings ratios – are key drivers of medium-term investment returns.Valuation starting points for term deposits and bonds have improved. For shares they suggest constrained return potential, particularly from US shares but

Resolute Mining (ASX:RSG) faced a challenging Q3 FY24, with gold production reaching 85,043 ounces — 6% below the previous quarter due to extreme rainfall at the Syama and Mako mines. Year-to-date revenue stood at $1.95bn, a decline from $2.21bn during the same period in 2023, reflecting broader challenges in the gold market. Syama in Mali

Vicinity Centres (ASX:VCX) held its annual general meeting today. The retail property group, which manages $23bn in assets across Australia, highlighted its strategic portfolio enhancements, robust occupancy levels and positive leasing metrics. During FY24, Vicinity acquired a 50% stake in Lakeside Joondalup in Western Australia and full ownership of Chatswood Chase in Sydney. “These acquisitions

Bitcoin has once again surged beyond US$70,000, marking a comeback after months of volatility, although it is now trading around US$69,800. This is the first time since June that the cryptocurrency has surpassed this threshold, driven by renewed interest in recently approved exchange-traded funds (ETFs), which have provided a regulated path for institutional investors to

Recharge Metals (ASX:REC) has entered into a binding agreement to acquire 100% ownership of 26km² of mining claims with significant historic uranium resources in the Powder River Basin, USA, forming the Carter Uranium Project. Located in southeast Montana near the Wyoming border, the project is accessible via US Highway 212, about 75km from Belle Fourche,

At 11:30am, the S&P/ASX 200 is 0.39 per cent higher at 8,253.30. The SPI futures are pointing to a rise of 27 points. Best and worst performers The best-performing sector is REITs, up 1.1 per cent. The worst-performing sector is Energy, down 0.69 per cent. The best-performing large cap is Mineral Resources (ASX:MIN), trading 4.05

At its 2024 Annual General Meeting earlier today, Ansell (ASX:ANN) reported on a year marked by strategic investments and sustainability milestones. The company’s Accelerated Productivity Investment Program (APIP) yielded $28m in savings, exceeding initial projections, while Ansell’s acquisition of Kimberly-Clark’s Personal Protective Equipment business (KBU) in April 2024 further positioned the company as a leader