In July, Australian household spending experienced a decrease of 0.7% compared to the same period last year, marking the first decline since early 2021. The Australian Bureau of Statistics reported that this drop can be attributed to the impact of higher interest rates and inflation, which have affected people’s financial situations. Robert Ewing, the ABS […]
ASX up 0.5% at noon as Australian household spending falls Read More »
04 Aug 2023 – A snapshot of the stocks on the move, featuring Liontown Resources (ASX:LTR), ABx Group (ASX:ABX) and Emyria (ASX:EMD).
Stocks of the Hour: Liontown Resources, ABx Group, Emyria Read More »
Liontown Resources (ASX:LTR) announced that it has received a revised conditional and non-binding indicative proposal from Albemarle Corporation to acquire all of the ordinary shares outstanding in Liontown for $3.00 in cash per share via scheme of arrangement. Albemarle has advised that the Revised Indicative Proposal is its best and final proposal. Shares are trading
Stocks of the Hour: Liontown Resources, ABx Group, Emyria Read More »
04 Sep 2023 – The Dow Jones Industrial Average rose on Friday as traders weighed the latest U.S. jobs report to conclude a winning week. The 30-stock Dow ticked up 0.33%, to close at 34,837.71 The S&P 500 added roughly 0.18% to finish the session at 4,515.77, and the Nasdaq Composite inched down 0.02% to end the day at 14,031.81.
Dow and Nasdaq notch best weeks since July Read More »
Could there be a temporary lifeline for China’s largest property developer, Country Garden, and the struggling property sector as a whole? Reports over the weekend indicate that Country Garden has secured creditor approval to extend payments for a 3.9 billion yuan ($US540 million) onshore private bond. This development follows a tense period last week when
Country Garden’s reprieve and China’s property sector: A fragile balance Read More »
The Dow Jones Industrial Average rose on Friday as traders weighed the latest U.S. jobs report to conclude a winning week. The 30-stock Dow ticked up 115.80 points, or 0.33 per cent, to close at 34,837.71 The S&P 500 added roughly 0.18 per cent to finish the session at 4,515.77, and the Nasdaq Composite inched
Dow and Nasdaq notch best weeks since July Read More »
Commodity markets experienced an uncommonly positive week as various commodities, including iron ore, gold, copper, and oil, saw significant gains. Yet again, oil takes the spotlight in the commodity markets, not due to a decline in US rig use this time, but due to reports suggesting an extension of Saudi Arabia and Russia’s production caps
Commodity markets rally with positive gains, led by oil, iron ore, and copper Read More »
Trading in the US is suspended tonight due to the Labor Day holiday, marking the end of the more relaxed summer period and the anticipation of a more serious trading atmosphere until year-end. Historically, September has been viewed as a challenging month for US stocks, with October also harboring some uncertainty, evoking memories of significant
Market insights: September’s arrival and global trading trends Read More »
The Australia June half earnings reporting season has concluded, yet there remain some July 31 balancing companies to report, in order to finalize the 2022-23 financial picture. Companies yet to report for July 31 include Myer and Premier Investments (although there are indications about their performance), Washington H Soul Pattinson, New Hope, and Brickworks will
Australia’s June half earnings season recap and upcoming reporting challenges Read More »
A significant week lies ahead for the Australian economy, investors, and consumers, featuring a Reserve Bank interest rate decision on Tuesday and the release of June quarter national accounts and GDP data the following day. While the impact of the Reserve Bank’s decision is bound to receive more attention, the GDP and other data in
