The hunt for copper is stepping up with Canada’s First Quantum Minerals, one of the world’s major miners, drifting into the sights of some of the world’s major players after it rejected an unsolicited bid from rival Canadian miner Barrick Gold. News of the failed approach broke Thursday and saw First Quantum shares soar 17% […]
First quantum mechanics get complicated Read More »
Stocks slipped on Friday as Wall Street closed out a huge week in which investors received a pause on rate hikes from the Federal Reserve, plus encouraging inflation data. The S&P 500 ticked down 0.37 per cent to close at 4,409.59, while the Dow Jones Industrial Average slipped 108.94 points, or 0.32 per cent, to
S&P 500 & Nasdaq record their best weekly performances since March Read More »
Tesla’s record 13-day streak of gains came to an end on Wednesday when the shares dipped 0.74%, snapping a run that added $US240 billion to its market value and more than $US26 billion to Elon Musk’s fortune. The shares dipped another 0.35% on Thursday when the wider market jumped sharply as investors realised the Federal
Tesla follows Fed lead and opts for a pause Read More »
Global fund managers have a bad case of Fear of Missing Out as they chase the artificial intelligence-driven tech rally and ignored the weak economic outlook and hawkish central banks. According to the June Bank of America investor survey, ‘long tech’ has emerged as the preferred trade for fund managers wanting to clamber aboard the
AI FOMO powers frenzied big tech rally Read More »
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 »
