The Fed’s meeting minutes gives no sign of interest rate cuts
Stocks were down Tuesday as traders assessed the latest Federal Reserve meeting minutes, where officials gave no indication of interest rate cuts.
Read MoreMMG acquires Botswanan copper mine to secure green energy supply
In a recent development, Chinese-backed mining company MMG has successfully acquired the Canadian firm Cuprous Capital, the owner of Botswana's Khoemacau copper mine.
Read MoreOil prices hold gains amid speculation of deeper OPEC+ supply cuts
Oil prices retained the bulk of a two-day surge, with global benchmark Brent briefly surpassing $82 a barrel, driven by heightened speculation that OPEC+ may consider further supply cuts at its upcoming meeting this weekend.
Read MoreASX closes 0.3% higher following strong performances from mining giants
The Australian sharemarket saw gains driven by mining stocks and rising iron ore prices due to China's additional stimulus measures.
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IVE Group’s robust performance and growth trajectory highlighted at AGM
The IVE Group (ASX:IGL) AGM held recently underscored the company's robust performance throughout the fiscal year ending June 2023.
Read MoreASX up 0.21% following Wall Street’s positive performance
Australian stock markets commenced the day with upward momentum, mirroring the positive trend seen on Wall Street. This surge was primarily attributed to Microsoft's strong performance, which ignited a significant rally in the largest technology companies in the United States.
Read MoreGains by Nvidia and Microsoft boost US markets
Stocks jumped Monday to start a holiday shortened week, boosted by strong tech gains led by Microsoft and Nvidia.
Read MoreEnergy stocks carry ASX 0.01% higher at close
On Monday, energy stocks were the primary drivers of ASX's upward movement, despite a generally uneventful start to the week.
Read MoreASX to replace CHESS
The Australian Securities and Investments Commission and the Reserve Bank of Australia (RBA) have welcomed the recent announcement by the Australian Securities Exchange regarding its solution design to replace the Clearing House Electronic Subregister System.
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ASX up 0.17% at noon as oil prices surge
Global energy stocks, particularly in the ASX, have surged, with the energy sector being the top performer among the ASX's 11 sectors, boosted by rising oil prices, including gains in US energy giants like ExxonMobil, Chevron, and ConocoPhillips
Read MoreFuse Minerals secures regulatory nod for IPO, aims to raise $10 million for exploration
Fuse Minerals, a regional copper exploration company, has cleared a significant hurdle on its path to going public. The corporate regulator has given the green light to Fuse Minerals' IPO, marking a pivotal moment in the company's journey as it prepares for an ASX listing just ahead of the holiday season.
Read MoreS&P500 records third straight week of gains
The S&P 500 rose on Friday and clinched a third straight winning week amid a red-hot November rally.
Read MoreASX down 0.12% at noon: Fortescue investing in US
Fortescue Metals Group (ASX:FMG) is investing $US35 million to establish a US Advanced Manufacturing Center with the potential to create up to 600 jobs and serve as a major production hub for automotive and heavy industry batteries, hydrogen generators, fast chargers, and electrolysers.
Read MoreThe Dow slips as oil prices drop to their lowest point since early July
The Dow Jones Industrial Average closed lower Thursday, as investors took a break from the rally seen this month.
Read MoreASX falls 0.67% at close: Best performing sector is Utilities
The Australian sharemarket declined despite a strong labor force report indicating the creation of 55,000 new jobs in October, with a previous upward revision of 8,000 jobs in September.
Read MoreAfternoon update: ASX down 0.65% despite unemployment rate increasing
The Australian sharemarket experienced a late trading decline, despite a strong Wall Street rally, as investors reacted to local data revealing a substantial increase of 55,000 jobs in October, though the unemployment rate inched up from 3.6 per cent to 3.7 per cent.
Read MoreASX down 0.21% at noon with a slight uptick in the unemployment rate
Australian employment increased by 55,000 in October, with a slight uptick in the unemployment rate to 3.7%.
Read MoreOctober’s PPI falls to its biggest monthly drop since April 2020
Stocks climbed on Wednesday, building on the strong rally from the previous session, on the back of more encouraging inflation data.
Read MoreASX closes 1.4% higher despite wages climbing 1.3%
The Australian sharemarket reached an eight-week high on Wednesday, driven by optimism stemming from a US inflation report indicating the possibility of a peak in interest rates in the United States.
Read MoreLatest US inflation report lifts ASX 1.4% at noon
Australian shares experienced early gains driven by the latest US inflation report, fueling speculation that interest rates may have peaked.
Read MoreFederal Senate approves bill for carbon capture project
In a surprising turn of events, the Australian federal government's Environment Protection (Sea Dumping) Amendment (Using New Technologies to Fight Climate Change) Bill has successfully passed the Senate with the support of the Coalition. While the bill's title might not immediately suggest a connection to fossil fuels, it has ignited controversy due to its perceived link to one of the dirtiest fossil fuel projects in the nation's history.
Read MoreChariot Corporation progresses with Black Mountain project drilling Program
Chariot Corporation (ASX:CC9) is making significant strides in its flagship Black Mountain lithium project, located in Wyoming, USA.
Read MoreLower than expected inflation number drives markets higher
Stocks rallied on Tuesday, building on their strong November gains, as Wall Street cheered new U.S. inflation data that raised hope of the Federal Reserve wrapping up its rate-hiking campaign.
Read MoreM&A making its way back into corporate agendas
In the midst of economic uncertainty and a sluggish growth landscape, corporate leaders and fund managers in Australia are beginning to reevaluate their strategies.
Read MoreBeetaloo Basin webinar sheds light on unconventional gas development
A special webinar will take place on Wednesday 15 November 2023 to delve into the world-class gas resource in the Beetaloo Sub-basin in the Northern Territory. This event will provide insights into the potential of the Beetaloo and its significance on both a regional and global scale.
Read MoreASX closes 0.83% higher despite drop in consumer sentiment
On Tuesday, the sharemarket rebounded, driven by gains in the energy and mining sectors due to a recovery in commodity prices.
Read MoreLithium exploration insights: Chariot Corporation’s US projects & Black Mountain drill progress
Explore Chariot Corporation (ASX:CC9) US lithium projects with CEO Shanthar Pathmanathan and geological consultant Dr. Edward Max Baker. Discover the progress at the flagship Black Mountain drill and key milestones ahead.
Read MoreASX up 0.6% as commodity prices recover
The S&P/ASX 200 has risen by 0.6 percent to reach 6991, driven by a recovery in commodity prices. Investors are eagerly awaiting crucial US inflation data to gain insight into whether interest rates have reached their peak in the world's largest economy.
Read MoreS&P 500 closes near flat line as Moody’s cuts US rating
The S&P 500 ended Monday’s session near the flat line as traders prepared for the release of key inflation data.
Read MoreKrakatoa’s potential lithium find
Krakatoa (ASX:KTA), a former gold producer, has announced a significant potential lithium discovery at King Tamba.
Read MoreMeat prices stage a comeback
Australian cattle and sheep producers are breathing a sigh of relief as meat prices stage a comeback after a challenging period of oversupply and plummeting values.
Read MoreASX closes 0.4% lower as oil price weakens
The Australian sharemarket declined on Monday, with a 0.4% drop in the benchmark S&P/ASX 200 index to 6948.8 points, primarily due to a sell-off in energy and bank stocks.
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ASX down 0.22% at noon amidst RBA’s new leadership test
At noon, the S&P/ASX 200 stock index has decreased by 0.22 percent. This decline comes just before a series of economic indicators are due to be released, which will assess the accuracy of the Reserve Bank's initial forecasts during Michele Bullock's tenure as governor.
Read MoreChariot progresses Black Mountain drilling program
Chariot Corporation is making significant strides in its flagship Black Mountain lithium project, located in Wyoming, USA.
Read MoreASX closes 0.28% higher: Retailers struggle as RBA raises rates
The Reserve Bank of Australia raised the official cash rate to the highest level in 12 years, just as retailers were hopeful about increased spending ahead of the festive season, impacting their sales during the Black Friday/Cyber Monday promotions.
Read MoreASX up 0.42%: Best-performing sector is Consumer Discretionary
Australian stocks are building on their early gains as Thursday's trading session unfolds, displaying resilience in the face of a turbulent Wall Street session marred by worries about the worldwide economic outlook and interest rate fluctuations.
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