The economy will – news flash! – dominate markets in Australia this week, with the Reserve Bank’s June meeting tomorrow and the March quarter’s economic growth figures on Wednesday. There’s support from China’s trade and inflation data for May and none will be all that encouraging for sentiment. Quite a few analysts now forecast that […]
Diary: Missed by that much Read More »
The OPEC+ group met at the weekend to discuss possible new cuts to its production cap but the real story for the oil market was yet another fall in the number of US oil and gas rigs in use, setting up a growing chance of a fall in American production later this year and in
Commodities Corner: Rigor mortis Read More »
Adairs (ASX:ADH) is the first major retailer to flag to investors the impact of the RBA-driven slowdown on its 2022-23 performance with a weak trading update on Friday that confirmed the slide in consumer spending is hurting retail sales and earnings. Adairs’ warning won’t feature in tomorrow’s discussions in the Reserve Bank boardroom about whether
Writing on the wall for retail over-correction Read More »
The ASX looks like starting with gusto later this morning after a big end to the week on Wall Street on Friday. Despite more jobs being created in May, Wall Street took the US jobs report for last month as a positive – a lift in the jobless rate to 3.7% from 3.4% the month
Monday Market Minutes: Just roll with it Read More »
02 Jun 2023 – A snapshot of the stocks on the move featuring Magnis (ASX:MNS), Aurora Labs (ASX:A3D) and Grand Gulf Energy (ASX:GGE).
Stocks of the Hour: Magnis, Aurora Labs, Grand Gulf Energy Read More »
The US Senate has passed comprehensive legislation that suspends the $US31.4 trillion debt ceiling and includes federal spending cuts. This legislation supports a bipartisan agreement reached by President Biden and House Speaker Kevin McCarthy, aiming to prevent an unprecedented default by the United States. The vote, with a tally of 63-36, garnered support from both
ASX increased by 0.48% after US Senate passes debt ceiling legislation Read More »
At noon, the S&P/ASX 200 is 0.37 per cent higher at 7,137.3, with mining stocks leading the march. Sentiment for risk assets had improved in Wall Street on optimism that the US debt ceiling saga was nearing a resolution. Coles (ASX:COL) slipped 0.4 per cent after taking an additional $25 million provision in relation to
ASX jumps 0.37% at noon as lithium miners surge Read More »
Magnis (ASX:MNS; OTCQX:MNSEF; FSE:U1P) has announced that iM3NY has successfully completed 6 out of the 7 relevant tests for UN38.3 certification, with 1 result now pending. The UN38.3 process involves a series of tests, designed to simulate the conditions that the cells may be exposed to during transportation. Shares are trading 12.9 per cent higher
Stocks of the Hour: Magnis, Aurora Labs, Grand Gulf Energy Read More »
Falcon Metals Limited (ASX:FAL) Managing Director Tim Markwell discusses progress with the company’s gold exploration, touching on key prospects and the results timeline. Tim McGowen: We’re talking today with Falcon Metals (ASX:FAL). It’s got a market cap of around $59m. We’re joined by Managing Director Tim Markwell. Tim, welcome to Sydney. Nice day out there.
Searching for gold in the largest holding in Bendigo Read More »
Just over a week ago on May 21, there was BHP (ASX:BHP) telling the world that – while it supported the goal of protecting vulnerable workers – the Albanese government’s proposed Same Job, Same Pay (SJSP) policy in its current form would seriously affect its operations, harm productivity and risk the future of all forms
Big Australian the not-so-artful dodger Read More »
