31 Oct 2023 – Stocks rallied on Monday, with the S&P 500 ending the day out of correction territory, as traders kicked off a big week filled with a Federal Reserve rate decision, jobs report and Apple’s earnings.
Stocks surge as S&P 500 exits correction zone ahead of pivotal week Read More »
Stocks rallied on Monday, with the S&P 500 ending the day out of correction territory, as traders kicked off a big week filled with a Federal Reserve rate decision, jobs report and Apple’s earnings. The Dow Jones Industrial Average gained 511.37 points, or 1.58 per cent, to 32,928.96. The 30-stock index registered its best day
Stocks surge as S&P 500 exits correction zone ahead of pivotal week Read More »
On Monday, the ASX experienced a decline of 0.8 percent at 6772.9 points. This drop below 6800 points marked the first time it had done so this year and is its lowest point since October 2022. The decline was influenced by renewed fears that the conflict between Israel and Hamas could escalate into a regional
ASX closes 0.8% lower to hit its lowest point since October 2022 Read More »
Even though the economy is booming and job growth continues, inflation is slowing, leading the US Federal Reserve to refrain from raising interest rates this week. The Fed’s favored PCE inflation reading for September saw a slight increase, but rates are expected to remain unchanged after the two-day meeting early Thursday morning, Sydney time. There’s
US Fed holds steady Read More »
In the world of investing, Warren Buffett’s recent buying and selling activity has prompted discussions about his current investment strategy. After a four-month hiatus, Buffett’s Berkshire Hathaway has re-entered the market by acquiring over 4 million shares of Occidental Petroleum in the past week. Filings with the US Securities and Exchange Commission, disclosed last week,
Buffett’s moves raise questions Read More »
Some analysts considered the unexpected 0.9% increase in Australian retail sales in September as an example of a ‘hot’ statistic, indicating that consumers had reawakened after a winter lull. This impression was reinforced by slight revisions to the July and August figures (now 0.2% from 0.2% and 0.6% from 0.5%, respectively). However, a closer examination
Analysing the September sales surge Read More »
30 Oct 2023 – The ASX has reached a 12-month low due to investor concerns that the Israel-Hamas conflict may lead to a regional war.
Afternoon update: ASX down 0.55% as Israel launches ground operations Read More »
Investors had a strong reaction yesterday to IGO’s (ASX:IGO) quarterly report, driven by concerns about the volatile outlook for lithium. IGO’s shares initially plunged by 11% in early trading, but by 11:30 am, the decline had reduced to just over 4%. This reaction was expected, given warnings from other lithium players like Pilbara Minerals about
Investors react to IGO’s quarterly report amid lithium market uncertainty Read More »
The ASX has reached a 12-month low at midday on Monday due to investor concerns that the Israel-Hamas conflict may lead to a regional war, prompting a shift away from equities. Israeli forces launched ground operations against Hamas in Gaza on Sunday, as part of a second-phase effort led by Prime Minister Benjamin Netanyahu to
Afternoon update: ASX down 0.55% as Israel launches ground operations Read More »
30 Oct 2023 – A snapshot of the stocks on the move, featuring Tamboran Resources (ASX:TBN), TG Metals (ASX:TG6) and Tietto Minerals (ASX:TIE).
Stocks of the Hour: Tamboran Resources, TG Metals, Tietto Minerals Read More »
