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Wall St declines; Commodities fall; ASX set to open lower

Global markets experienced a mixed bag on Friday with Wall Street closing lower as investors digested the latest economic data and anticipated Federal Reserve policy decisions. The Dow Jones Industrial Average fell 0.7%, the S&P 500 declined by 1.3%, and the Nasdaq Composite dropped 2.2%. Key indicators show a significant fall in commodity prices. Iron

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Elders bets on diversification to weather tough times

Elders (ASX:ELD) has announced its financial results for the year ended 30 September 2024. It reported a challenging year marked by fluctuating market conditions and subdued client sentiment, particularly in the first quarter. The company is a leading agribusiness servicing rural and regional Australia, providing agricultural products, services, and advice. Revenue declined by 6% to $3.13bn, while

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Clinuvel narrows focus to prioritise key programs

Melbourne-based Clinuvel Pharmaceuticals (ASX:CUV) has announced a strategic shift to focus on three core clinical programs while pausing others. This decision aims to accelerate regulatory and commercial milestones for the company, Clinuvel is an Australian biopharmaceutical specialising in treatments for rare genetic, metabolic and systemic disorders. The company is known for its expertise in photomedicine,

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Trump bump wobbles, US inflation scare?, US shares offer no risk premium over bonds, RBA, Wages

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 were messy over the last week, not helped by the ongoing

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