The ASX experienced an increase in value by the end of the trading day, driven by rises in Australian energy stocks. This was primarily due to gains in US oil and European gas prices. These gains managed to offset losses in the technology sector, leading to an overall positive outcome for the sharemarket by the […]
ASX closes 0.26% higher driven by Energy sector Read More »
10 Aug 2023 – The S&P/ASX 200 is trading 0.12 per cent higher at 7,346.70. The SPI futures have risen by 11 points.
Afternoon update: ASX 0.12% higher, Lake Resources to give update on Kachi Read More »
The S&P/ASX 200 is trading 0.12 per cent higher at 7,346.70. The SPI futures have risen by 11 points. The Energy sector stands as the best performer, up by 2.37 per cent, after the overnight news of European gas surging by 40 per cent amid the possibility that Chevron and Woodside workers will strike, highlighting
Afternoon update: ASX 0.12% higher, Lake Resources to give update on Kachi Read More »
European natural gas prices surged by nearly 40% on Wednesday, driven by concerns over potential disruptions in global liquefied natural gas (LNG) supply from Australia. Prices on the Title Transfer Facility, the European benchmark, soared to over €43 per megawatt hour, a significant increase from the previous day’s nearly €30, marking the highest level since
Surge in European natural gas prices amidst potential Australian supply disruption Read More »
In a retail landscape where companies like Kogan.com (ASX:KGN) and the online divisions of traditional retailers such as Myer (ASX:MYR) and Kmart are grappling with declining sales due to the resurgence of in-store shopping, Cettire (ASX:CTT), an online luxury goods group, stands out by not only weathering the storm but thriving and raking in substantial
Cettire shines in online luxury retail as others struggle to recover Read More »
Shareholders of Downer EDI (ASX:DOW) received disappointing news on Thursday, a week after management provided a glimpse into the company’s disappointing performance and losses during the 2022-23 financial year. The company announced a reduction in its final dividend to 8 cents per share, down from the 12 cents paid in the latter half of 2021-22.
Downer EDI shareholders face dividend cut amid challenging 2022-23 performance Read More »
As the US prepares to unveil its Consumer Price Index (CPI) report for July at 10:30 PM on Thursday AEST, economists and analysts are voicing their expectations for the upcoming data release. Here’s a roundup of what experts are forecasting: Pantheon Macroeconomics: The firm anticipates a consecutive 0.2 percent increase in the core CPI for
Anticipation builds for US July CPI report: Expert expectations Read More »
At noon, the S&P/ASX 200 is 0.01 per cent lower at 7,337.10. The energy sector is outperforming other sectors, driven by a 2.8% increase in Santos (ASX: STO) and a 1.6% rise in Woodside (ASX: WPL). Conversely, the tech sector has faced a decline of 1.4%, with prominent player Xero (ASX: XRO) experiencing the largest
ASX down 0.01% at noon as Energy leads Read More »
10 Aug 2023 – A snapshot of the stocks on the move, featuring MPower Group (ASX:MPR), True North Copper (ASX:TNC) and Latin Resources (ASX:LRS).
Stocks of the Hour: MPower Group, True North Copper, Latin Resources Read More »
MPower Group (ASX:MPR) announced that the acquisition accounting for the purchase of the Lakeland Solar & Storage Project has been completed, resulting in a profit of $6.1 million being recognised. In response, CEO Nathan Wise, commented: “An uplift of this magnitude is a testament to the value that MPower can create in a short period
Stocks of the Hour: MPower Group, True North Copper, Latin Resources Read More »
