Investment markets and key developments over the past week Global share markets rebounded over the last week from oversold levels on the back of increasing optimism that the Fed has finished raising rates helped by soft US jobs data, strong US earnings results and the war in Israel being relatively contained so far. For the […]
Soprano Design Australia Pty Ltd today announces its intention to make an off-market takeover bid for all the ordinary shares in Whispir Limited (ASX: WSP) for $0.48 cash per share. The all cash offer price of $0.48 is best and final and will not be increased, in the absence of an alternative proposal or a
Stocks of the Hour: Whispir, QX Resources, Immutep, Magnis Energy Tech Read More »
06 Nov 2023 – A snapshot of the stocks on the move, featuring Whispir (ASX:WSP), QX Resources (ASX:QXR), Immutep (ASX:IMM) and Magnis Energy Technologies (ASX:MNS).
Stocks of the Hour: Whispir, QX Resources, Immutep, Magnis Energy Tech Read More »
The Australian sharemarket began the week with a slight upward movement, as investors remained watchful for the Reserve Bank’s cash rate decision scheduled for Tuesday, with both bond and equity traders exercising caution in their approach. Bond traders are increasingly anticipating a 0.25 percentage point cash rate hike by the Reserve Bank of Australia on
ASX up 0.37% at noon: RBA’s likely hike Read More »
06 Nov 2023 – Stocks rose Friday after a soft jobs report drove bond yields lower, and the major averages registered their best week in 2023.
S&P500 records its first-five day gain since June Read More »
This week confirms that world gold production is on track to reach record levels in 2023, driven by soaring prices (above $2,000 per ounce three times this year) and the lifting of Covid restrictions that had hindered output in 2020, 2021, and 2022. According to figures from the World Gold Council (WGC), mined gold production
Record rise in world gold production for 2023 Read More »
Not much new emerged from Friday’s annual meeting of Qantas shareholders in Melbourne, as the high levels of shareholder and customer dissatisfaction with the airline have been evident for several years, particularly this year. Much of this discontent is linked to various issues centered around the former CEO, Alan Joyce, especially his final year’s remuneration,
Key takeaways from Qantas shareholders’ meeting in Melbourne Read More »
Once again, a quarterly report from Warren Buffett’s Berkshire Hathaway has left more questions than answers for markets to ponder. Has another quarter of concerted share sales been an accurate reflection of what he thinks of the current value of equities, given his continued investment in bonds and cash? Or have he and his Berkshire
Buffett’s Berkshire Hathaway: Good timing or bad? Read More »
Data out last week has confirmed that US oil production continues to edge higher to a new all time high in August, despite falling rig numbers. Crude and condensate production in the month of August reached 13.053 million barrels a day, up from 12.959 million barrels a day in July. Output was up nearly 9%
Record-high US oil production in August despite fewer rigs Read More »
Australian interest rates are set to dominate the financial markets, overshadowing offshore events. The Wall Street-driven rebound this week could prompt unfavorable comparisons if the Reserve Bank raises rates on Tuesday. In addition to bank profits from Westpac (today) and the National Australia Bank (Thursday), discussions will focus on the implications of these figures and
Australian interest rates to steal the spotlight amidst market developments Read More »
