Stocks ticked higher Wednesday as traders awaited the release of new US consumer inflation numbers and Treasury yields continued to retreat. The producer price index rose 0.5 per cent for September, coming out higher than the Dow Jones estimate for a 0.3 per cent rise. The figure still represented a slowing from the 0.7 per […]
US stocks close higher as PPI comes in higher than expected Read More »
12 Oct 2023 – Stocks ticked higher Wednesday as traders awaited the release of new US consumer inflation numbers and Treasury yields continued to retreat.
US stocks close higher as PPI comes in higher than expected Read More »
Shares in Liontown Resources slumped late yesterday after it became known that Gina Rinehart’s Hancock Prospecting had increased its stake to 19.9% and retreated from the market. The shares fell to a low of $2.90 just before the close, but they edged up to a $2.92 finish. That’s the lowest they have been since early
Liontown Resources shares fall as Hancock Prospecting increases stake to 19.9% Read More »
Thanks to ongoing subsidies, China’s new energy vehicle (NEV) sales reached another record high in September, surpassing the previous month’s peak. This continued momentum is expected to push Chinese NEV sales close to the 10 million mark by December, which is excellent news for lithium and other battery/electric vehicle (EV)-related metal producers in Australia, South
China’s new energy vehicle sales soar, boosting demand for battery metals Read More »
CSL’s (ASX:CSL) Annual General Meeting in Melbourne on Wednesday turned into a heated discussion regarding executive pay and a declining share price, casting a shadow over the reaffirmation of guidance for the upcoming year. CSL’s chairman, Brian McNamee, found himself defending the pharmaceutical giant’s growth prospects as it faced a 23% protest vote against executive
Heated audience at CSL’s AGM Read More »
German footwear giant Birkenstock and its private equity owner, L Catterton, have successfully completed their IPO, pricing shares at $US46 each, firmly positioning the iconic sandal maker on the American stock market. This move marks the fourth significant test of the US IPO market this month and underscores the strong investor appetite for new opportunities.
Birkenstock successfully launches IPO at $US46 per share Read More »
11 Oct 2023 – The S&P/ASX 200 is trading 0.6 per cent higher at 7,082.70.
Afternoon update: ASX up 0.6% as Consumer Discretionary leads gains Read More »
The S&P/ASX 200 is trading 0.6 per cent higher at 7,082.70. Futures The SPI futures are up 44 points. Best and worst performers The best-performing sector is Consumer Discretionary, up 1.1 per cent. The worst-performing sector is Health Care, down 0.02 per cent. The best-performing large cap is Lynas Rare Earths (ASX:LYC), trading 3 per
Afternoon update: ASX up 0.6% as Consumer Discretionary leads gains Read More »
In the realm of profit announcements, cash earnings typically reign supreme for most banks, though Westpac has reverted to using statutory earnings. In the recent disclosure by the Bank of Queensland, the spotlight was on its $450 million in cash earnings for the year ending August 31, as well as a stark 70% decline in
Bank of Queensland’s year: Challenges, earnings, and outlook Read More »
11 Oct 2023 – A snapshot of the stocks on the move, featuring Talon Energy (ASX:TPD), Besra Gold (ASX:BEZ) and King River Resources (ASX:KRR).
Stocks of the Hour: Talon Energy, Besra Gold, King River Resources Read More »
