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The Judo Bank Flash Australia Composite PMI Output Index for September improved to 50.2 from August’s 48.0, indicating a return to expansion in Australia’s private sector. Warren Hogan, Judo Bank’s chief economic advisor, noted that economic and business activity rebounded in September, especially in the services sector. However, manufacturing activity remained sluggish, with indicators below […]

22 Sep 2023 – A snapshot of the stocks on the move, featuring Next Science (ASX:NXS), Netlinkz (ASX:NET) and Diverger Limited (ASX:DVR).

Next Science (ASX:NXS) announced the successful completion of the Next Science Share Purchase Plan Offer (SPP) and US Offer which opened on 1 September 2023 and closed on 18 September 2023. In response, Managing Director, I.V. Hall said, “the A$21.5m in total funds raised under the Placement, SPP and US Offer derisks Next Science’s balance

The foreign bidders for Origin Energy will have to fork out a lot more than the $18.7 billion they have on the table for the Australian energy group after a major shareholder lifted its stake and indicated it was doing so because the current offer was not good enough. Origin Energy’s largest shareholder, AustralianSuper, says

Stocks fell Thursday as Treasury yields popped to multiyear highs and investors grew worried that lawmakers would be unable to prevent a shutdown. The Dow Jones Industrial Average dropped 370.46 points, or 1.08 per cent, to close at 34,070.42. The S&P 500 slid 1.64 per cent to 4,330. The Nasdaq Composite retreated 1.82 per cent

The lithium market has witnessed a sharp downturn this week, with spot prices continuing their decline from the late-2022 peak. This drop is primarily attributed to concerns over waning electric vehicle (EV) demand in China. Notably, Pilbara Minerals and Core Lithium are among the most shorted stocks on the ASX, reflecting investors’ apprehensions about the

The Bank of England has followed the US Federal Reserve in leaving its key interest rate unchanged in what was a major surprise. In doing so the UK central bank’s decision also added substance to the decision the week before from the European Central Bank which pushed up its key market rate and made it

22 Sep 2023 – Stocks fell Thursday as Treasury yields popped to multiyear highs and investors grew worried that lawmakers would be unable to prevent a shutdown.

Consumers are becoming more cautious due to rising living costs, but UBS analysts believe this doesn’t indicate an immediate drop in spending, as they note a slight improvement in future interest rate expectations; however, sticky inflation and the ongoing cost-of-living pressures are causing consumers to allocate more of their budgets to essential expenses, while discretionary

21 Sep 2023 – Afternoon update: S&P/ASX 200 down 1.37% as Financials lag, South32 leads large caps