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Afternoon update: S&P/ASX 200 dips 0.35% as Energy shines, Pilbara Minerals struggles

The S&P/ASX 200 is trading 0.35 per cent lower at 7,205.40. Futures The SPI futures are down 27 points. Best and worst performers The best-performing sector is Energy, up 0.60 per cent. The worst-performing sector is REITs, down 0.7 per cent. The best-performing large cap is New Hope Corporation (ASX:NHC), trading 3.65 per cent higher

Afternoon update: S&P/ASX 200 dips 0.35% as Energy shines, Pilbara Minerals struggles Read More »

ASX down at 0.53% at noon: Investors anticipating upcoming Fed meeting

Investors are feeling nervous in anticipation of the upcoming US Federal Reserve policy meeting, where it is anticipated that the Fed will reiterate its commitment to maintaining low interest rates for an extended period. Adding to this unease is the revelation from the Reserve Bank’s September meeting minutes that it had contemplated raising interest rates.

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Stocks of the Hour: BluGlass, Codrus Minerals, Kula Gold

BluGlass (ASX:BLG) has received a custom laser order from a repeat customer. The customer is a leading USA-based research laboratory, who will use BluGlass’ lasers within high-powered scientific applications. In response, BluGlass CEO Jim Haden said, “We are very encouraged to receive this order from an existing laser project customer, as we develop our track-record

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Market update: US inflation, Australia’s population increase & surging petrol prices

Investment markets and key developments over the past week Global share markets were mixed over the last week. US shares initially rose as economic data provided confidence that the Fed won’t have to raise rates again but fell on Friday on concerns about an auto workers strike amidst various options expiries which can magnify volatility leaving

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