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Strong returns, Inflation, Hawkish central banks, RBA likely to hike, Why Lowe should stay

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses developments in investment markets over the past week, economic activity trackers, major global economic events and Australia economic events. Investment markets and key developments over the past week Global share markets, with the exception of Chinese shares, rose over the last week […]

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China manufacturing data slows: ASX flat at noon

In June, Chinese manufacturing activity contracted for the third consecutive month, as indicated by an official factory survey. This decline in manufacturing activity reflects a slowdown in China’s economy. Additionally, the value of the onshore yuan, China’s currency, reached its lowest level since November, trading at 7.2615 yuan per dollar. Chinese authorities have taken measures

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Stocks of the Hour: Blue Star Helium, Magnis Energy Technologies, Downer EDI

Blue Star Helium (ASX:BNL, OTCQB:BSNLF) has entered into an agreement with IACX Energy. Under the agreement, IACX will supply and operate a helium plant for the provision of helium recovery services. Blue Star will pay a monthly fee. MD and CEO Trent Spry commented: “As well as delivering significant de-risking benefits in terms of upfront

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Fed’s annual stress test boosts Dow: ASX to open higher

The Dow Jones Industrial Average rose on Thursday as big bank names gained after passing the Federal Reserve’s annual stress test, and a revised upward GDP print alleviated some recession fears on Wall Street. A slate of positive economic data signalled economic resilience despite looming recession fears. That included a large upward revision in first-quarter

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Apple nears $3 trillion valuation

Apple approached the elusive $3 trillion valuation mark on Wednesday, benefiting from positive sentiment surrounding tech stocks and optimism about artificial intelligence. However, the stock couldn’t sustain the rise and closed at $189.25, putting its market value at $2.98 trillion. As the end of the June quarter and half-year approached, some analysts speculated about a

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