Gold, Silver Steady As Shares Swing
Gold and silver futures ended with modest losses on Friday, but had weekly gains thanks to renewed safe-haven demand on the back of trade-war worries.
Read MoreGold and silver futures ended with modest losses on Friday, but had weekly gains thanks to renewed safe-haven demand on the back of trade-war worries.
Read MoreGlobal iron ore prices have advanced again amid robust trading activity as Chinese steel prices remain firm and iron ore stockpiles fall. Meanwhile, a continuing watch is being maintained on the Sul Superior dam wall in Brazil.
Read MoreIn Australia we start the run-up to next week’s doubleheader – the Reserve Bank board meeting on Tuesday, June 4 and the release of the March quarter National Accounts and GDP figures the day after.
Read MoreThe ASX is heading for a rough end to the week on Friday after a volatile night on global markets on Thursday.
Read MoreFonterra, the giant NZ dairy group is looking at a substantial slide in earnings for 2018-19 thanks to the impact of the continuing drought in Australia, pressures in its Chinese markets and pricing pressures on some key products.
Read MoreA funny bit of timing from Freedom Foods yesterday. It revealed plans for $130 million capital raising, and at the same time slipped out a small downgrade its full-year sales guidance.
Read MoreA higher interim profit and a higher interim dividend saw shares in gambling machine maker, Aristocrat Leisure jump more than 8% yesterday on the ASX.
Read MoreYou have to ask how long-struggling discount retail chain The Reject Shop can remain independent after another earnings downgrade and CEO departure yesterday.
Read MoreWesfarmers big lithium play seems to have been stitched up, but its ambitions for rare earths group, Lynas Corp remains up in the air.
Read MoreGlobal iron ore prices continued their surge on Wednesday jumping another 3.7% to more than $US105 a tonne – another five year plus high.
Read MoreShares in Lynas Corp rose 10% yesterday to a new multi-month high of $2.53 after the company withdrew reserves data given in Tuesday’s investor day presentation.
Read MoreInvestors accepted yesterday’s news of big losses from the Australian Agricultural Company (AACo) for the year to March. Thanks to drought and floods the beef and cattle group was hit by $107 million in one-off losses.
Read MoreNow, this isn’t what the Reserve Bank wanted to read about – the value of construction work in Australia falling for the third quarter in a row in the three months to March.
Read MoreThe risks associated with carbon-exposed commodities, specifically coal, are now “offset by upside to copper and nickel” according to BHP.
Read MoreAs global iron ore prices settled above $US100 a tonne for the first time in five years Fortescue Metals Group has announced the second new mine in a year in its Pilbara operational area in WA.
Read MoreWeak first-quarter reports from US retailers highlight the impact of the first round of tariff rises on US imports from China, with worse to come from the latest round.
Read MoreCrown Resorts one time stalker, Wynn Resorts says it has ended its attempts to sell it’s about to open Boston Casino to MGM.
Read MoreA good result from Brisbane-based global testing group ALS yesterday with 27.3% lift in after-tax net profit to $181 million for the 2018-19 year ending March 31.
Read MoreTrading in Lynas Corporation shares was halted late Tuesday until Thursday morning following a query from the ASX about data released as part of an investor day update presentation yesterday.
Read MoreA cut in official interest rates is on the cards after Reserve Bank governor, Philip Lowe made it clear the central bank’s attempts to lift inflation and cut unemployment will not be met on current policy settings.
Read MoreShares in James Hardie ended up 3.7% at $18.50 yesterday after the Ireland-based construction materials supplier lifted its full-year profit 57% to $US228.8 million ($A331 million).
Read MoreBank shares had a second good day on the ASX yesterday after their post-election surge on Monday. Monday it was Prime Minister Morrison’s surprise win, yesterday it was APRA as the financial prudential regulator revealed plans to relax a key restriction on home loans.
Read MoreMonday’s statement from rare earths group Lynas Corp of an interesting idea for the US has left far more questions unanswered than it has resolved.
Read MoreDrought, floods and smaller problems helped produce more than $140 million of significant one-off items which more than halved the earnings of fertiliser and chemicals manufacturer Incitec Pivot (IPL).
Read MoreBrisbane-based hedge fund group, Blue Sky, Alternative Investments collapsed on Monday owing more than hundreds of million dollars.
Read MoreCall it confidence or perhaps over-optimism but the decision by Elders to maintain interim dividend at 9 cents a share with the drought still biting hard in rural and regional Australia, was a gutsy call by the board and management.
Read MoreIs Crown Resorts moving back in the sights of Wynn, the US casino’s group? Wynn revealed Friday US time that it is looking to sell its nearly competed $US2.6 billion casino in outside of Boston to rival casino operator, MGM Resorts International.
Read MoreAustralian shares will start strongly today after the Morrison Government retained power.
Read MoreWall Street stocks bounced back from big early losses in Friday session, but still fell short on the day and closed lower as trade-related jitters with China and the EU dominated some surprisingly strong economic data.
Read MoreIn Australia, the initial focus this week will be the outcome of the Federal election, especially the shape of the Senate.
Read MoreGlobal iron ore prices have finally topped the $US100 a tonne mark for the first time in five years, thanks to renewed concerns about the stability of supplies from Brazil where there are reports of signs of instability at a mine dam wall owned by Vale.
Read MoreGold futures fell Friday to settle at their lowest in more than two weeks on Friday, to be also down over the week as the US-China trade war burbled along and American consumer confidence rose strongly.
Read MoreOil is moving back towards centre stage as producers held a preliminary meeting on Sunday ahead of the next round of OPEC and non-OPEC producer talks next month.
Read MoreGlobal iron ore prices are within sight of topping the $US100 a tonne mark for the first time since 2014 after another rise on Thursday.
Read MoreNew CEO, new broom, new guidance, lower profit, kitchen sink to come? Sound familiar? Well, that’s what we got from Virgin Australia on Friday morning and it raises questions about the health of the domestic and international aviation markets.
Read MoreThe media concentrated on the rise in seasonally adjusted unemployment in April, but the real story was in the trend data where the growth in the labour market is back to levels last seen in August 2018.
Read MoreRatings agency, Moody’s has cast doubt on the story earlier this week in the Financial Review that Virgin Australia and Affinity were looking to sell Virgin’s Velocity Frequent flyers plan.
Read MoreAnother confession from a one-time growth darling yesterday that left shareholders considerably poorer on the day. Shares in BWX plunged more than 30% at one stage when the company sprang a surprise earnings downgrade for 2018-19 and re-organisation on the market.
Read MoreWarren Buffett’s Berkshire Hathaway on Wednesday has confirmed finally that it has invested more than $US800 million in building a toehold in the share register of Amazon.
Read MoreBuilding and construction products group, CSR has looked outside the company for its new CEO to replace Rob Sindel who departs later this year.
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