A seemingly modest update this week seems certain to result in Alkane boosting the already large estimated resource at its large porphyry copper gold prospects, Kaiser, Boda, Boda Two and Boda Three in the Molong area of central western NSW. The region, already home to existing mines at Cadia (Newcrest), Northparkes (Chinese and Japanese owners), […]
Molong prospects set to brighten for Alkane Read More »
Oil prices in Asia remained stable following a significant increase on Thursday, despite concerns over higher interest rates in the US and Europe. The jump in prices was driven by a weaker dollar and expectations of more stimulus measures in China. West Texas Intermediate maintained a level above $70 per barrel after a 3.4 per
Three-week high: ASX closes 1.06% higher Read More »
16 Jun 2023 – A snapshot of the stocks on the move featuring Iceni Gold (ASX:ICL), Austco (ASX:AHC) and Errawarra Resources (ASX:ERW).
Stocks of the Hour: Iceni Gold, Austco, Errawarra Resources Read More »
Iceni Gold (ASX:ICL) announced that assays and fieldwork have confirmed high-grade vein at Everleigh in WA. Technical Director David Nixon commented: “Fieldwork continues to focus along the length of the soil anomaly in the search for further outcropping veining along strike.” Shares are trading 11.11 per cent higher at 11 cents. Austco (ASX:AHC) has been
Stocks of the Hour: Iceni Gold, Austco, Errawarra Resources Read More »
The Technology sector recorded robust gains, rallying over 2 per cent after Apple and Microsoft each reset their record highs overnight on Wall Street. Accounting software Xero (ASX:XRO) rose 3.2 per cent and was among the best performing stocks. WiseTech (ASX:WTC) shares jumped 2.5 per cent. TechnologyOne (ASX:TNE) shares rose 1.2 per cent. NextDC (ASX:NXT)
ASX up 0.54% after strong results from US shares overnight Read More »
16 Jun 2023 – The Dow Jones Industrial Average on Thursday rallied more than 400 points and the S&P 500 touched a fresh 13-month high, as investors bet the Federal Reserve was close to done raising rates after the central bank this week skipped a hike.
US indexes rally as investors hope the Fed is done raising rates Read More »
Twelve times the Reserve Bank has lifted its cash rate to try cap and then push inflation lower by slowing demand, and yet the jobs market has refused to buckle. May was no different as seasonally adjusted, more than 75,000 new jobs were created last month and the jobless rate dipped to 3.6% from 3.7%
Local labour market still refuses to soften Read More »
The Dow Jones Industrial Average on Thursday rallied more than 400 points and the S&P 500 touched a fresh 13-month high, as investors bet the Federal Reserve was close to done raising rates after the central bank this week skipped a hike. Fed Chair Powell’s post-meeting press conference revealed that the Federal Open Market Committee
US indexes rally as investors hope the Fed is done raising rates Read More »
News snippets during Thursday’s ASX trading session from three companies at the smaller end of the local industrials sector. ………… Small listed wine group Australian Vintage (ASX:AVG), has joined its much larger rival Treasury Wine Estates in reporting difficult trading conditions and the need for intense cost-cutting. TWE revealed its problems in Australia and the
Bourse Discourse: AVG, RFG, EHL Read More »
The US Federal Reserve now thinks it has managed to guide the US economy onto the firm bit of the runway, instead of an overshoot into a recession, as it seemed to suggest in its March forecasts. The central bank has lifted its GDP forecast for this year from anaemic and near recessionary 0.4% in
Inbound soft landing, according to the Fed Read More »
