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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 […]

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

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

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.

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

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

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

Antipa Minerals (ASX:AZY) has commenced phase two drilling at its Minyari Dome gold-copper project in Western Australia’s increasingly prospective Paterson province. The Paterson province already hosts several existing or highly prospective finds. Newcrest’s veteran Telfer mine is located there, with the Havieron prospect just 35 kilometers away (owned by Newcrest and Greatland Gold). To the

The S&P/ASX 200 surged back above 7000 on Tuesday, driven by a shift in rhetoric from US Federal Reserve members towards a more dovish stance and signs of easing inflation. The benchmark closed 1% higher at 7040, marking its best one-day performance this month, following comments suggesting reduced pressure for the US central bank to

10 Oct 2023 – A snapshot of the stocks on the move, featuring Atlantic Lithium (ASX:A11), Raiden Resources (ASX:RDN) and Paradigm Biopharmaceuticals (ASX:PAR).