ASX down 0.15% at midday as Materials falls
The Australian sharemarket experienced a noon decline with the S&P/ASX 200 index slipping 0.15% due to losses in commodity stocks, particularly in the materials sector, driven by lower iron ore prices, leading to drops in BHP, Fortescue Metals, and Rio Tinto.
Read MoreThe major US averages notch four-week win streak
The Dow Jones Industrial Average rose on Friday, as the major averages notched a four-week winning streak.
Read MoreASX up 0.4% at noon as Energy bounces back
The gains come from Energy and Utilities. Energy shares saw a rebound, bouncing back from the previous day's decline.
Read MoreEuropean stocks closed higher with US markets closed
European stocks closed slightly higher on Thursday as investors continue to seek direction with US markets closed.
Read MoreASX closes 0.62% lower: Australia’s manufacturing activity continues to slow
In November, Australian manufacturing activity continued to decline, with the flash composite output index dropping to 46.4, marking its lowest level in eight years, excluding pandemic lockdowns. However, experts believe that this indicates a soft landing for the economy rather than a hard one, aligning with the Reserve Bank of Australia's expectations.
Read MoreChariot’s off to the races
Chariot Corporation (ASX:CC9) witnessed a remarkable 35% increase in its share price yesterday, closing at 70 cents with $700,000 in stock trading volume,. And the positive results have been continuing today, currently trading above 6% higher at 74.5c (2:00pm AEDT). While no new developments were reported today, the recent announcement of the arrival of a drill rig at CC9's flagship Black Mountain Project in Wyoming, USA, has been driving investor interest over the past two weeks.
Read MoreAfternoon update: ASX down 0.62% after OPEC+ postpones meeting
Today's theme is all about the fall in energy stocks due to the falling price of crude oil. The falling prices are a result of disagreements within OPEC+ causing a delay in their meeting, diminishing prospects of production cuts by the Saudi-led alliance. Concurrently, US data showed an uptick in oil stockpiles.
Read MoreLinius Technologies breaks into US college sports with Peach Belt Conference deal
Linius Technologies (ASX:LNU), a pioneer in cloud-based video solutions, is set to make a significant impact on the US college sports market with its latest venture. Linius has announced a groundbreaking agreement to provide its sports solution, Whizzard, to the Peach Belt Conference (PBC), marking its entry into the lucrative US collegiate sports market.
Read MoreUranium price surge: Factors and investment opportunities
Uranium prices have experienced a significant uptick, crossing the $80 per pound threshold, a level not observed in over 15 years. This surge in uranium prices can be attributed to a combination of factors, including a renewed interest in nuclear power and various supply disruptions in the global uranium market.
Read MoreChimeric Therapeutics shows promise in ovarian and pancreatic cancers
Chimeric Therapeutics (ASX:CHM), an Australian company specialising in cell therapy, has reported significant in vitro findings for its chlorotoxin (CLTX) chimeric antigen receptor (CAR) NK cell therapy, CHM 1301. These preclinical results highlight the therapy's notable efficacy against ovarian and pancreatic cancers, suggesting potential advancements in cancer treatment.
Read MoreASX down 0.52% as Energy stocks fall
Aus. energy stocks are trading in the red due to the postponement of an OPEC meeting to later next week, dampening hopes of the cartel tightening its supplies.
Read MoreGold’s prospects brighten despite soft landing expectations: Three key factors to watch
Inflation data from the United States has reinforced the belief in a Goldilocks-style soft landing for the economy in the coming year.
Read MoreStocks rise as yields hit lowest level in two months
Stocks rose Wednesday after yields briefly fell to their lowest level in two months, and the November market rally broadened into the Thanksgiving holiday.
Read MoreCiti analysts bullish on iron ore prices, anticipating China’s fiscal stimulus
In a recent development, Citi analysts have upgraded their short-term iron ore price forecast to a staggering US$140 per tonne, citing China's anticipated fiscal stimulus measures.
Read MoreMoneyspot Investment Fund, access to high returns through their consumer credit loan business: A Financial Overview
Moneyspot, a lending entity specialising in short-term financial solutions, offers fast online personal cash loans to address immediate financial requirements.
Read MoreASX closes 0.07% lower ahead of Thanksgiving
Australia's stock markets remained stable ahead of the Thanksgiving Day holidays in the United States.
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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.
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