The four trading days last week for US markets helped explain why many investors regard September as a miserable month. It was the first trading week for markets this month (ignoring the September 1 session the previous Friday) and while by Friday’s close the S&P 500 had added 6.35 points, it still lost 1.3% for […]
Daily falls in the market point to a miserable month for September Read More »
According to the World Gold Council (WGC), China’s central bank (the People’s Bank of China) lifted increased its holdings by between 23 tonnes in July and another 29 tonnes in August. That took purchases so far this year to well over 100 tonnes – 155 tonnes the largest by any central bank and probably helped
World Gold Council confirms China has purchased 155 tonnes of gold YTD Read More »
QANTM Intellectual Property Limited (ASX:QIP) CEO and Managing Director Craig Dower discusses drivers of revenue, competitors and market share, and the company’s ambitions to expand into Asia. Abby Phillipps: We’re talking today with Craig Dower, the CEO of Quantum Intellectual Property, ASX Code QIP. The company has a market cap of around $132 million.Craig, welcome to the
QANTM Intellectual Property (ASX:QIP) expanding into Asia Read More »
There was a surprisingly big jump in retail sales of new energy vehicles (NEVS) in China in August to all time highs for a month. NEV sales jumped to a record 716,000 units in August, surpassing the 700,000-unit mark for the first time. After July’s sales figures slid from June’s record high, some commentators wondered
US and Chinese economic data will dominate the coming week, oh, and so will Apple and its new iPhone, not to mention the health of the Australian jobs market. Our August jobs data (out on Thursday) here is expected to show a 15,000 gain in employment after the 14,600 fall in July with unemployment steady
What you need to know: A quick breakdown of the current market news Read More »
11 Sep 2023 – The US market closed slightly higher on Friday but overall finished the week lower as concerns resurfaced that the Federal Reserve may raise rates more than previously expected. Recent economic data, including lower-than-expected initial jobless claims, have reignited rate hike fears and concerns that the Federal Reserve may have more work ahead.
Energy stocks lead the market into positive territory Read More »
The US market closed slightly higher on Friday but overall finished the week lower as concerns resurfaced that the Federal Reserve may raise rates more than previously expected. Recent economic data, including lower-than-expected initial jobless claims, have reignited rate hike fears and concerns that the Federal Reserve may have more work ahead. The S&P 500
Energy stocks lead the market into positive territory Read More »
Apple’s much-anticipated annual launch event is just around the corner, and tech enthusiasts worldwide are on the edge of their seats. Set to take place at Apple’s headquarters in Cupertino, California, this event is considered one of the most significant in the tech industry. It’s expected to unveil a slew of new hardware, including the
Apple’s iPhone 15 event: What to anticipate Read More »
The ongoing surge in petrol prices is causing significant concerns for businesses and households across Australia, with Sea Legs Brewery’s general manager, Declan Roche, highlighting the increasing costs of delivering their beer to customers in Brisbane. Over the past fortnight, petrol prices have soared to more than $2 a litre in various parts of Australia,
Rising petrol prices squeeze businesses and households across Australia Read More »
In the wake of Fortescue’s announcement that its clean power projects would yield only half the returns of its iron ore developments, questions loomed large during investor briefings led by Fortescue boss Mark Hutchinson over the past two weeks. Investors clamored to understand how the company could advocate for fair competition among its mining and
Fortescue’s clean energy pivot sparks investor questions Read More »
