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The Australian dollar is currently trading near its lowest level since the beginning of June due to concerns among investors about central banks increasing policy interest rates. There is a widespread belief that these rate hikes will negatively impact the global economy, commodity prices, and the Australian dollar (AUD). Commonwealth Bank analysts predict that the […]

26 Jun 2023 – A snapshot of the stocks on the move featuring Metal Hawk, Ragnar Metals, ECS Botanics.

Australia’s share market experiences volatility with a significant multi-day selloff, but recovers partially as US futures show slight improvement. At noon, the S&P/ASX 200 is 0.36 per cent lower at 7,073.80. While finding support from the June 1st low at 7076.6, the index is still expected to record its fourth consecutive daily decline. Over the

Metal Hawk (ASX:MHK) has discovered thick, high-grade rare earths at the Fraser South project in WA. Managing Director Will Belbin commented: “With our very large tenement holding positioned directly over these fertile granites, there is ample opportunity to expand and discover new additional broad zones of mineralisation.” Shares are trading 113 per cent higher at

As the second quarter comes to a close, the looming US earnings season is expected to significantly influence market sentiment. Investors are grappling with the reality that inflation has not subsided and concerns over rising interest rates are mounting. Both Australia and the US face the possibility of a recession, while New Zealand and Germany

Global oil prices concluded the week close to their lowest levels of the year amid mounting concerns over inflation and the potential for interest rate hikes, which bolstered the strength of the US dollar. However, a brief period of instability caused by an unusual coup attempt in Russia led to a slight increase in gold

This week, the spotlight will be on inflation, particularly in Australia and the United States, while the performance of the Chinese economy in June will also be closely monitored. Amidst mid-month activity surveys indicating slowing growth across major economies, inflation concerns have become a top priority for investors, fueled by recent half-percent rate hikes in

Leading economic forecasters in Australia are increasingly concerned about the possibility of the country’s economy slipping into a recession, with the likelihood now seen as a 50-50 proposition. As the Reserve Bank of Australia (RBA) gears up to potentially raise interest rates next week, both Shane Oliver, Chief Economist at AMP, and the economics team

As the financial year draws to a close, the Australian sharemarket is poised to end in positive territory. The S&P/ASX 200 index has experienced an approximately 11% gain, successfully recovering from a similar decline in the previous year. However, last week saw a 2.1% dip, potentially impacting the final double-digit reading for the financial year.

26 Jun 2023 – Global stocks fell on Friday, capping their worst week since March as investors in the US and Europe fretted over the prospect of further interest rate increases and potential recession.