Uncategorized

The S&P 500 and Nasdaq Composite jumped on Thursday to notch their highest closing levels since August 2022 as Wall Street traders kept focused on debt ceiling negotiations. The major averages ticked higher into the end of the trading session, with the broad-market index adding 0.94 per cent to end at 4,198.05. The Dow Jones […]

No rate rise pressure on the Reserve Bank from the two most sensitive data releases this week – Wednesday’s Wage Price Index for the March quarter and Thursday’s labour force figures for April. The latter showed the unemployment rate rose by 0.1 percentage points to 3.7% in April but the Australian Bureau of Statistics said

By Simon Doyle, Schroders April drew to a close with recession still an expectation, not the reality. Economic data generally continues to moderate, but is not yet dire, while inflation, the key focus of policy maker attention, is also starting to soften but remains uncomfortably and stubbornly high. While bond markets are reflecting the ongoing tussle

The arrival of accounting software giant Xero’s (ASX:XRO) 2022-23 annual results yesterday brought with it news of cost cuts, higher revenue and more subscribers that sent the shares back over the $100 mark. The price surge was a clear vote of confidence in the new CEO Sukhinder Singh Cassidy, who set the new path and

Unlike other companies operating in the rural sector such as United Malt, Incitec Pivot and Elders, Nufarm (ASX:NUF) seems to have had an almost trouble free six months to March 31 with revenue up, earnings up and a higher dividend. The only negative was the seasonal surge in debt to handle the expected rise in

Positive spins from the country’s biggest beef operator and the erstwhile Kathmandu, with both ending higher in Thursday’s trading session.………… Shares in Australian Agricultural Company (ASX:AAC) leapt just on 10% yesterday after the company revealed a 35% jump in operating profit to $67.4 million for the year to March 31 as it enjoyed better returns

Latin Resources (ASX:LRS) announced that drilling confirms that their Colina deposit has lithium pegmatites extending over 2KM. VP of Operations, Tony Greenaway commented: “We will now move some rigs to start testing to expand the deposit through systematic step-out to the southwest.” Shares are trading flat at 19 cents. European Metals (ASX & AIM:EMH, OTCQX:

Stocks rose Wednesday as investors hoped congressional leaders and President Joe Biden could come to a deal on the US debt ceiling and avoid a catastrophic default. At the conclusion of a meeting between the president and congressional leaders Tuesday, House Speaker Kevin McCarthy said that a “better process” is now in place for further

By Stuart Dear, Fund Manager, Fixed Income, Schroders Coming into this year we firmly believed high-quality fixed income offered attractive relative and absolute value. We also expected the economic cycle to turn in favour of bonds – as headline inflation softens with supply chains normalising, as growth weakens with rate hikes and cost pressures biting, and as

A busy, busy annual meeting for Tesla on Tuesday has seen CEO Elon Musk reveal a gloomy outlook for the US and much of the global economy, again promise the start of deliveries of its long mooted Cybertruck, forecast a surge in sales of its EVs, start advertising with a small spend and push towards