The S&P/ASX 200 is trading 0.3 per cent lower at 6,955.60. Futures The SPI futures are down 17 points. Best and worst performers The best-performing sector is Utilities, up 0.63 per cent. The worst-performing sector is Energy, down 1.01 per cent. The best-performing large cap is Boral (ASX:BLD), trading 5.01 per cent higher at $4.93. […]
Afternoon update: ASX trading 0.3% lower, Utilities is best performer Read More »
Elders (ASX:ELD) shareholders are bracing for a potentially challenging year ahead in 2023-24. The company has forecasted lower earnings and a reduced dividend, following a 26% decline in underlying EBIT for the year ending in September and an 18% drop in the annual dividend. The reasons behind this gloomy outlook are not unfamiliar during this
Elders shareholders brace for challenging year Read More »
Infinity Lithium Corporation (ASX:INF) has advised a grant funding of €18.8 million has been awarded to Tecnología Extremeña del Litio (‘TEL’) for the advancement of the San José Lithium Project. Infinity’s Managing Director and CEO, Ryan Parkin, commented “These first funding commitments for the processing of critical raw materials in Spain places the Company at the
Stocks of the Hour: Infinity Lithium Corp, TG Metals, 4DMedical Read More »
Shares in cement and building products group Boral (ASX:BLD) surged by more than 7% early on Monday after the company surprised with a 10% increase in projected earnings for the 2023-24 financial year. Boral now anticipates underlying earnings before interest and tax (EBIT) to be in the range of $300 million to $330 million, up
Boral’s earnings projection soars by 10% Read More »
13 Nov 2023 – A snapshot of the stocks on the move, featuring Infinity Lithium Corporation (ASX:INF), TG Metals (ASX:TG6) and 4DMedical (ASX:4DX).
Stocks of the Hour: Infinity Lithium Corp, TG Metals, 4DMedical Read More »
At noon, the S&P/ASX 200 stock index has decreased by 0.22 percent. This decline comes just before a series of economic indicators are due to be released, which will assess the accuracy of the Reserve Bank’s initial forecasts during Michele Bullock’s tenure as governor. The more robust opening performance follows a relatively lacklustre week of
ASX down 0.22% at noon amidst RBA’s new leadership test Read More »
ANZ (ASX:ANZ) has joined its big three rivals – Commonwealth (ASX:CBA), NAB (ASX:NAB) and Westpac (ASX:WBC) – in confirming they are the biggest beneficiaries of the Reserve Bank’s 13 rate rises in the past 18 months with a record profit for the year to September. ANZ reported a cash profit $7.41 billion for the year
ANZ among biggest beneficiaries of rate rises Read More »
13 Nov 2023 – Stocks rallied Friday, recovering the ground lost in the previous session, as Treasury yields stabilised.
Tech stocks lead the market higher as Treasury yields stabilise Read More »
Stocks rallied Friday, recovering the ground lost in the previous session, as Treasury yields stabilised. It was a reversal from Thursday’s trading in which the rate on the 10-year jumped more than 10 basis points. The spike in yields followed a dismal Treasury Department bond auction and comments from Federal Reserve Chair Jerome Powell that
Tech stocks lead the market higher as Treasury yields stabilise Read More »
US October consumer prices and producer prices, Australian labour force and wages data, plus a few key earnings reports, as well as Chinese industrial production and retail sales will be the focus of attention this week. If forecasts are right, US consumer prices should have risen by just 0.1% between September and October, not only
Key economic data set to dominate the week Read More »
