Oil prices experienced a significant decline of more than $1 a barrel on Tuesday, extending a downward trend that began earlier in the day. Market sentiment was influenced by concerns over global demand levels. However, traders remained cautious, keeping a watchful eye on potential supply disruptions amid ongoing military clashes between Israel and the Palestinian […]
Oil prices slide amidst Middle East tensions Read More »
Small-cap stocks extended their winning streak for the fifth consecutive day on Tuesday, with the Russell 2000 index surging 1.14%, outpacing the S&P 500, which gained just 0.52%. The Russell 2000 has gained 2.8% since October 3, while the S&P 500 managed a 3.0% increase over the same period. Notably, the Russell 2000 remains 11.5%
Small caps extend streak, beat S&P 500 for 5th Day Read More »
Qantas (ASX:QAN) Chair Richard Goyder is set to respond to persistent calls for his departure from the board, with his exit planned for just over a year from now. The airline has made it clear that they won’t attempt to sugarcoat this significant change, referring to it as “board renewal.” In a statement issued on
Qantas Chair Richard Goyder to depart amidst board renewal Read More »
Gina Rinehart’s Hancock Prospecting has inched closer to acquiring a 19.9% stake in Liontown Resources (ASX:LTR), pending a potential bid from US lithium giant Albemarle at $3 per share. Last night, Hancock Prospecting disclosed an increase in its Liontown stake to 18.36%, just two trading days after it reported a boost to 16.69%. The company
Hancock Prospecting nears 19.9% stake in Liontown Resources Read More »
US stocks rose Tuesday, boosted by declines in Treasury yields as Wall Street assessed the geopolitical risks from the Israel-Hamas war. The benchmark 10-year Treasury yield fell nearly 13 basis points to about 4.65 per cent, as investors sought safe assets amid the conflict. Yields and prices move in opposite directions. The move reflected the
US stocks close higher amid falling Treasury yields Read More »
According to the latest World Economic Outlook (WEO) from the International Monetary Fund (IMF), China and the EU are identified as the weak points in the global economy for 2024, with the US playing a stabilising role. China’s ongoing property crisis remains a concern, while the impact of the Israel-Hamas conflict on the global economy
IMF Outlook: China and EU’s vulnerability in global economy for 2024 Read More »
11 Oct 2023 – US stocks rose Tuesday, boosted by declines in Treasury yields as Wall Street assessed the geopolitical risks from the Israel-Hamas war. The benchmark 10-year Treasury yield fell nearly 13 basis points to about 4.65 per cent, as investors sought safe assets amid the conflict. Yields and prices move in opposite directions.
US stocks close higher amid falling Treasury yields Read More »
Iron ore and coking coal futures slid to six-week lows in Asia on Tuesday as China returned to business after the eight-day holiday last week, and traders concluded that not much had changed. The struggling property sector remains a concern, with concerted talk of cutting steel production as Chinese mills struggle to maintain margins. Other
Iron ore and coking coal prices drop in Asia amid China’s return Read More »
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses shares and bonds. Key pointsThe rise in bond yields has left shares offering a low risk premium over bonds leaving them at risk of more softness.The conflict in Israel has added to the risk, although the threat should be minimal if Iran
1987 vs now – rising bond yields (& war in Israel) and the risks for shares Read More »
In September, the Australian economy exhibited increased resilience by the end of the quarter, despite signs of weakening price and labor cost pressures, as reported in the latest national business survey by the National Australia Bank (ASX:NAB). NAB economists noted that the survey, overall, continued to indicate “ongoing resilience in activity,” as conditions dipped slightly
Aussie economy resilient Read More »
