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Global markets were muted on Monday, with US markets closed in observance of Labor Day. Traders are bracing for the arrival of jobs data later in the week which are expected to help determine how the Federal Reserve goes about cutting interest rates. However, futures tied to indexes were trading. Dow Jones Industrial Average futures […]

Struggling gambling company The Star (ASX:SGR) has been suspended from trading on the ASX after failing to post its financial results within the reporting period. The Star received a copy of the NSW regulator’s probe into its culture on Friday, the same day it was supposed to unveil its financial performance for the 12 months

Imugene (ASX:IMU) announced promising results from its Phase 1b clinical trial with azer-cel, in patients with relapsed/refractory diffuse large B cell lymphoma. All enrolled patients had cancer that had returned following autologous CAR T therapy, a high unmet need for this patient population. Shares are trading 25.81 per cent higher at 7.8 cents. RocketDNA (ASX:RKT)

In the first session of the week, the Australian sharemarket is experiencing a decline, primarily driven by weakness in mining and communications stocks. By midday, the S&P/ASX 200 index is down 0.3 per cent, hovering near 8067 points. The downturn in the local market contrasts with the S&P 500, which ended its last session on

Gold ended August and the week with a gain, despite a mid-session pullback on Friday. The U.S. dollar and bond yields strengthened after the key U.S. inflation measure came in as expected, increasing the likelihood of a rate cut in ten days. The only caveat for the U.S. Federal Reserve is the health of the

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,