Australian shares closed at their lowest level in a year on Monday, following a trend set by a weaker Wall Street. This decline was driven by concerns about an escalation of the Middle East conflict, which negatively impacted investor sentiment. At the closing bell, the S&P/ASX 200 was 0.82 per cent lower at 6,844.1. Futures […]
ASX closes 0.82% lower to its lowest point in a year Read More »
Immutep (ASX:IMM; NASDAQ:IMMP) announced that their Efti, a soluble LAG-3 protein, in Combination with KEYTRUDA®, generates excellent overall survival benefit in patients with metastatic non-small cell lung cancer. In response, Marc Voigt, Immutep CEO stated, “the strength of the data positions us well as we continue to plan and prepare for our Phase III trial
Stocks of the Hour: Immutep, Chimeric Therapeutics, Sayona Mining Read More »
Gold, oil, and interest rates dominated commodity markets last week as all three surged for a mixture of reasons. The US dollar was stronger as well, yet the stronger greenback and higher rates failed to have their usual negative impact on the prices of these two key commodities. Gold attracted safe-haven buying for a second
Commodity market recap: Gold, oil, and interest rates surge Read More »
At noon, the S&P/ASX 200 is 0.76 per cent lower at 6,848.40. This drop was in line with Wall Street’s performance, driven by concerns about potential interest rate hikes by the Federal Reserve and worries about the escalation of the Middle East conflict. Traders are eagerly anticipating the release of the September-quarter consumer price index
ASX down 0.76% at noon following Wall Street’s poor performance Read More »
23 Oct 2023 – A snapshot of the stocks on the move, featuring Immutep (ASX:IMM; NASDAQ:IMMP), Chimeric Therapeutics (ASX:CHM) and Sayona Mining (ASX:SYA; OTCQB:SYAXF).
Stocks of the Hour: Immutep, Chimeric Therapeutics, Sayona Mining Read More »
By Jowell Amores, Portfolio Manager, Magellan Asset Management Few utilities in Magellan’s infrastructure universe are in a position to leverage their scale in the same way as American Water Works (NYSE:AWK). As the largest listed water utility in the US, American Water has the advantage of scale that is central to its business model and
Stock Story: American Water Read More »
23 Oct 2023 – Stocks retreated Friday as a surge in the 10-year Treasury yield prompted broader concerns about the state of the economy. The yield on the benchmark 10-year Treasury crossed 5% for the first time in 16 years on Thursday, a level that could ripple through the economy by raising rates on mortgages, credit cards, auto loans and more. Not to mention, it offers investors an attractive alternative to stocks.
US stocks fall as US 10-year Treasury yields pass 5% Read More »
Stocks retreated Friday as a surge in the 10-year Treasury yield prompted broader concerns about the state of the economy. The yield on the benchmark 10-year Treasury crossed 5 per cent for the first time in 16 years on Thursday, a level that could ripple through the economy by raising rates on mortgages, credit cards,
US stocks fall as US 10-year Treasury yields pass 5% Read More »
Interest rates are once again in the spotlight this week, with two public appearances by the new Reserve Bank Governor, Michelle Bullock, and two crucial updates on inflation. Despite a surge in bond yields last week, the possibility of a rate increase at the Melbourne Cup meeting of the Reserve Bank board is not set
Interest rates back in focus as market awaits key updates on inflation Read More »
Last week, US bond yields surpassed 5%, jumping 30 points in just a week. This week, interest rate concerns are poised to remain the primary driver of market dynamics, with significant contributions from tech giants such as Amazon, Meta, and Alphabet. In Australia, the focal points will revolve around interest rates and inflation, particularly where
US bond yields surge past 5% as interest rates fears drive market trends Read More »
