Australia’s Reserve Bank lifted the cash rate to an 11-year high of 4.1% at its June policy meeting on Tuesday and warned further rises might be needed if inflation didn’t start falling convincingly. The outcome of Tuesday’s policy meeting was not expected but neither was it a foregone conclusion. Futures markets had forecast a 68% […]
RBA remains resolute and aggressive with rates Read More »
A big day for the ASX Ltd (ASX:ASX) , the company that controls the country’s main stock and futures markets. A newish CEO, board changes, a log of projects dropped (at a multi-million-dollar cost), new profit and dividend targets, a first ever bond raising, and a promise to give the market an improved, working trading
ASX ready to make its next move Read More »
Gold miner Westgold Resources (ASX:WGX) has announced a $177 million all-paper takeover offer for tiddler Musgrave Minerals (ASX:MGV) in a deal launched with a touch of controversy, but with the aim of uniting two miners operating in the Cue area of the WA goldfields. Like the battle for control of between Silver Lake and Genesis
Market forces Westgold’s hand with Musgrave Read More »
Synlait Milk (ASX:SM1), a2 Milk Company’s (ASX:A2M) Kiwi manufacturing partner, has had some good news – Chinese regulators have approved a2’s China label baby formula. Synlait told the ASX and NZX on Tuesday that China’s State Administration for Market Regulation (SAMR) had given its approval for a2 Milk’s formula stages 1, 2 and 3, which
Synlait shares soar on a2’s China approval news Read More »
At the closing bell, the S&P/ASX 200 was 1.2 per cent lower at 7,144.50, after the Reserve Bank’s decision to lift the cash rate by 0.25 per cent. Ten out of the 11 sectors were in the red at market close, with consumer discretionary and financials recording losses over 1 per cent. Wesfarmers (ASX:WES) shares
ASX closes 1.2% lower as RBA decides to lift cash rate 25 basis points Read More »
At noon, the S&P/ASX 200 is 0.7 per cent lower at 7,165.50 as traders await the Reserve Bank of Australia’s interest rate decision at 2.30pm. Consumer discretionary, staples, and financials sectors reported losses. Wesfarmers (ASX:WES) shares have fallen 1.2 per cent. Harvey Norman (ASX:HVN) have dropped 2.5 per cent. Baby Bunting (ASX:BBN) have tumbled 20.5
ASX 0.7% lower as investors await RBA’s interest rate decision Read More »
06 Jun 2023 – A snapshot of the stocks on the move featuring Sigma Healthcare (ASX:SIG), Musgrave Minerals (ASX:MGV) and Adavale Resources (ASX:ADD).
Stocks of the Hour: Sigma Healthcare, Musgrave Minerals, Adavale Resources Read More »
Sigma Healthcare (ASX:SIG) has been awarded a supply contract with Chemist Warehouse. CEO Vikesh Ramsunder commented: “The contract allows us to leverage our highly automated distribution centres and latent spare capacity after multiple years of investment.” Shares are trading 21.26 per cent higher at 77 cents. Musgrave Minerals (ASX:MGV) is being taken over in an
Stocks of the Hour: Sigma Healthcare, Musgrave Minerals, Adavale Resources Read More »
The S&P 500 finished lower on Monday, erasing earlier gains that brought the benchmark index to trade at its highest level on an intraday basis in nine months. Whilst major debt and banking fears have dissipated, what comes next hinges on the Federal Reserve’s target for bringing down inflation. Despite recent moves, worries persist over
Markets react as investors focus on Fed’s target to bring down inflation Read More »
06 Jun 2023 – The S&P 500 finished lower on Monday, erasing earlier gains that brought the benchmark index to trade at its highest level on an intraday basis in nine months.
Markets react as investors focus on Fed’s target to bring down inflation Read More »
