08 Nov 2023 – The S&P 500 and Nasdaq Composite rose on Tuesday to notch their longest winning streaks in nearly two years and build on November’s rally.
S&P 500 rises as Wall Street continues November’s rally Read More »
The S&P 500 and Nasdaq Composite rose on Tuesday to notch their longest winning streaks in nearly two years and build on November’s rally. The S&P added 0.28 per cent to close at 4,378.38, while the Nasdaq jumped 0.9 per cent to end at 13,639.86. The Dow Jones Industrial Average edged up 56.74 points, or
S&P 500 rises as Wall Street continues November’s rally Read More »
As expected, the Reserve Bank has failed to hold its nerve and lifted its cash rate by 0.25% to 4.35%. It is the first rate rise overseen by the new Governor, Michell Bullock, and came at the second RBA board meeting she presided over. Markets had anticipated the cash rate increase at this meeting, especially
In October 2023, China’s foreign trade exhibited mixed results: exports declined more than expected, while imports showed a slight improvement after nine months of decline. Exports fell by 6.4% year-on-year, marking the sixth consecutive month of decline, and imports unexpectedly rose by 3.0%. Early import data revealed increases in oil and copper shipments but decreases
Mixed health report for China’s foreign trade Read More »
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the cash rate. Key pointsThe RBA raised its cash rate by 0.25% taking it to 4.35%.The RBA retained a tightening bias underpinned by relatively hawkish commentary in its post meeting statement but softened it somewhat.The move was in line with the consensus
Cash rate up 0.25% to 4.35%, Likely peaked, but 40% chance of one more hike Read More »
True North Copper (ASX:TNC) has identified high grade zones of copper and gold mineralisation, which exceed the current updated resource model. In response, True North Copper’s Managing Director, Marty Costello said, “with the return of all assays by the end of November 2023, mine optimisation and metallurgical studies will commence. These studies will assess the
Stocks of the Hour: True North Coppe, Centrex, Eclipse Metals Read More »
Local investors are closely watching the Reserve Bank’s policy statement scheduled for 2.30 pm (AEDT). It is anticipated that policymakers will decide on a 0.25 percentage point hike in the cash rate target, bringing it to 4.35 percent. At noon, the S&P/ASX 200 is 0.14 per cent lower at 6,987.50. The SPI futures are pointing
ASX down 0.14% at noon: Investors await RBA policy statement Read More »
07 Nov 2023 – A snapshot of the stocks on the move, featuring True North Copper (ASX:TNC), Centrex (ASX:CXM) and Eclipse Metals (ASX:EPM | FSE: 9EU).
Stocks of the Hour: True North Coppe, Centrex, Eclipse Metals Read More »
Paul Sanger: I am Paul Sanger for the Finance News Network, and today we’re talking with Lincoln Minerals, ASX Code LML, and they have a market cap of around 12 million.Lincoln Minerals is developing the Kookaburra Gully Graphite Project in South Australia. We welcome the newly appointed CEO of Lincoln Minerals, Jonathon Trewartha. Jonathon, welcome to
Unveiling Lincoln Minerals: Revitalizing Kookaburra Gully Graphite Project Read More »
Elementos Limited (ASX:ELT) Managing Director Joe David provides an update on the company’s tin projects in Tasmania and Spain. Paul Sanger: Hello. I’m Paul Sanger for the Finance News Network, and I’m at the IMARC conference here in Sydney, talking with Elementos (ASX:ELT) CEO Joe David. Joe, great to catch up with you again. Joe
The global shortfall in tin Read More »
