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 […]
Rebound in banks lift the S&P500: EV sector gets a boost by EU’s plans Read More »
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
Fixed income hits its stride Read More »
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
Mr. Electric’s turbo-charged mouth redlining again Read More »
Incitec Pivot (ASX:IPL) shares fell 10% at one stage yesterday after it revealed a weak performance in its fertilisers business for the six months to March 21. The fertiliser and explosives maker tried to offset the weak result by claiming a “positive earnings skew in the second half” thanks to a better outlook for explosives
Incitec slammed after on the nose half-yearly Read More »
Is United Malt Group (ASX:UMG) just going through the motions while it awaits its French bidder to finish due diligence and firm up a $5 a share offer? The company released final interim results for the first half of 2022-23 – they were within the range of the trading update in late April but again
UMG holds still, awaits word from French suitor Read More »
News from the industrials side of the market yesterday with shades-maker Gale Pacific (ASX:GAP) and discount retailer Best and Less (ASX:BST) each disappointing the market.………… Gale Pacific (ASX:GAP) – a maker of blinds, shades and outdoor protection products – has been hit by a combination of the lingering end of La Nina, weakening consumer demand,
Market Morsels: GAP, BST Read More »
According to the Australian Bureau of Statistics, the economy experienced a loss of 4,300 jobs in the previous month, which was contrary to economists’ predictions of gaining 25,000 positions. Moreover, the jobless rate unexpectedly increased to 3.7 per cent, failing to meet the forecast of remaining steady at 3.5 per cent. Additionally, the participation rate
ASX up 0.59% as economy experiences loss of jobs Read More »
At the closing bell, the S&P/ASX 200 was 0.52 per cent higher at 7,236.80. Nufarm (ASX:NUF) rallied 14.2 per cent to $6.05 after announcing a 7 per cent increase in its half-year underlying net profit after tax. Xero (ASX:XRO) jumped 8.9 per cent to $102.49 after reporting a 28 per cent growth in revenue to
High iron ore prices boosts ASX bellwethers: ASX closes 0.52% higher Read More »
At the closing bell, the S&P/ASX 200 was 0.49 per cent lower at 7,199.20. The ASX experienced a second consecutive day of decline, with major banks and mining companies leading the falls across most sectors. This decline is often observed in one of the historically weaker months of the year. The index ended the day
ASX falls 0.49% on second day of losses Read More »
Noble Helium Limited (ASX:NHE) Co-Founder and CEO Justyn Wood discusses the demand for and pricing of helium, the geology of the company’s project in Tanzania, plans for helium transport and outlook. Tim McGowen: We’re talking today with Noble Helium (ASX:NHE), market cap of around $50m. We have with us Justyn Wood, who is the CEO
Fifty times more valuable than LNG: Searching for helium in Tanzania Read More »
