ASX closes 0.67% lower driven by sell-off in tech
On Monday, a widespread sell-off, primarily driven by the technology sector, dragged down the overall share market.
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ASX down 0.76% at noon as all sectors are in the red
At noon, every one of the 11 sectors on the ASX is showing losses, with the technology stocks exerting the most significant downward pressure on the benchmark.
Read MoreRio Tinto’s silent surge in western Australia’s lithium frontier
In a strategic move aimed at securing its foothold in the booming battery minerals market, global mining giant Rio Tinto (ASX:RIO) has been quietly amassing exploration tenements in Western Australia, covering a staggering 145,000 hectares.
Read MoreUranium prices surge to 12-year high amid global nuclear power resurgence
Uranium prices have skyrocketed to their highest levels in 12 years, reflecting a worldwide revival in nuclear power as energy utilities rush to secure fuel supplies.
Read MoreAll 11 sectors closed lower ahead of the Fed’s next policy meeting
Stocks fell Friday as investors wrapped up a volatile week ahead of the Federal Reserve’s policy meeting. All 11 S&P 500 sector indexes declined, led lower by information technology, down 2 per cent, followed by a 1.9 per cent loss in consumer discretionary.
Read MoreASX up 1.67% at noon as all sectors are in the green
All sectors are currently trading higher. Miners, spanning gold, lithium, and iron ore, clearly stood out as the top performers.
Read MoreInvestors rally behind Wall Street’s latest IPO
The Dow Jones Industrial Average rallied the most in over a month as traders cheered the revival of Wall Street’s IPO market and a decent batch of economic data.
Read MoreASX closes 0.46% higher as commodities thrive
On Thursday, the ASX saw a significant increase in its performance, driven by strong rallies in companies involved in iron ore, coal, and uranium production.
Read MoreDow falls as core inflation data is higher than expected
The Dow Jones Industrial Average fell Wednesday as traders absorbed a hotter-than-expected August core inflation print. 3M was the biggest laggard in the 30-stock Dow, dropping more than 5.7 per cent. Caterpillar shares were lower by 2%. Meanwhile, Apple shares declined more than 1%, falling for a second day.
Read MoreASX closes 0.7% as tech sector experiences sell-off
On Wednesday, the ASX experienced a decline driven by a sell-off in the technology sector, just before the release of important US inflation data.
Read MoreASX down 0.48% as oil prices stabilise
Oil prices recently surged to a 10-month high but have stabilised, with West Texas Intermediate trading at around $89 per barrel.
Read MoreNasdaq falls as Apple unveils iPhone 15, crude oil hits highest level since Nov 22
The Nasdaq Composite fell Tuesday after Oracle shares plunged on disappointing results, whilst Apple unveiled the new iPhone model.
Read MoreASX closes 0.2% higher as iron ore rallies
Iron ore prices rallied after new bank lending in China released on Monday handily beat expectations and eased some concerns about the Asian giant’s economic outlook.
Read MoreASX down 0.18% at noon as consumer confidence dips
Investor sentiment was dampened by the results of a Westpac-Melbourne Institute survey, which revealed a decline in consumer confidence for September.
Read MoreChina boosts gold reserves amid global central bank diversification
China has been quietly but consistently increasing its gold reserves while simultaneously reducing its holdings of US Treasuries, a move that has garnered attention from financial experts worldwide.
Read MoreNasdaq lifts as investors pour into tech stocks
Stocks rose Monday to start a big week of inflation data as investors bought up tech shares in the wake of recent weakness.
Read MoreFinancials & Miners help the market close in positive territory. ASX closes up 0.36%
The S&P/ASX 200 ended the day 36.6 points, or 0.5 per cent higher at 7192.3, despite moving into negative territory in early trading.
Read MoreFortescue’s clean energy pivot sparks investor questions
In the wake of Fortescue's announcement that its clean power projects would yield only half the returns of its iron ore developments, questions loomed large during investor briefings led by Fortescue boss Mark Hutchinson over the past two weeks.
Read MoreUS August Consumer Price Index report anticipated by economists and strategists
The highly anticipated August Consumer Price Index (CPI) report from the United States Bureau of Labor Statistics is set to be released on Wednesday and economists and strategists are closely watching for signs of inflation trends.
Read MoreRising petrol prices squeeze businesses and households across Australia
The ongoing surge in petrol prices is causing significant concerns for businesses and households across Australia, with Sea Legs Brewery's general manager, Declan Roche, highlighting the increasing costs of delivering their beer to customers in Brisbane.
Read MoreApple’s iPhone 15 event: What to anticipate
Apple's much-anticipated annual launch event is just around the corner, and tech enthusiasts worldwide are on the edge of their seats.
Read MoreHistoric sugar trade revived: Australian sugar arrives in London without tariffs
In a symbolic move that harks back to centuries of trade between Australia and the United Kingdom, the cargo ship Port Macao sailed up the Thames River and berthed at the modest wharf beside Tate & Lyle’s sugar refinery.
Read MoreASX down 0.42% at noon: Oil prices on track for weekly gain
At noon, the S&P/ASX 200 is 0.42% lower at 7,141.20. Oil prices are on track for a weekly gain due to several factors. OPEC+ leaders, Saudi Arabia and Russia, have decided to extend supply cuts through the end of the year.
Read MoreNasdaq drops as weekly jobless claims disappoint
The Nasdaq Composite fell for a fourth session Thursday as concerns resurfaced over the Federal Reserve’s interest rate policy path, as the latest jobless claims data has come in.
Read MoreChina’s trade performance shows weakness in August, exports and imports decline again
In August, China's trade performance remained weak, with both exports and imports experiencing declines. While the situation was not as dire as July's slump, it still signaled the country's struggle with weak demand both domestically and externally.
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ASX down 1.08% at noon as Australia’s trade surplus decreases in July
In July, Australia's trade surplus decreased to $8 billion, down from $11.3 billion in June. This figure fell short of expectations, as analysts had predicted a surplus of $10 billion.
Read MorePrices slide as Australia LNG strike action paused until Friday
Gas prices in both the Dutch and British markets took a tumble on Wednesday as workers at Chevron's liquefied natural gas (LNG) facilities in Australia decided to temporarily halt their planned strike action for one day.
Read MoreAustal USA wins $91.5 million contract for 3 LCU 1700 class vessels for U.S. Navy
Austal (ASX: ASB), a global shipbuilding company, announced that its subsidiary, Austal USA, has been awarded a significant contract worth US$91,535,551 (AU$143.4 million) for the construction of three Landing Craft Utility (LCU) 1700 class craft for the United States Navy.
Read MoreBubs launches infant formula clinical trial in the US
Bubs Australia (ASX:BUB), a leading infant formula and baby food company, has announced the commencement of a nationwide clinical trial in the United States.
Read MoreMajor US indexes fall as Fed rate hike fears return
Stocks sold off Wednesday, continuing the sluggish start to September, as concerns mounted that the Federal Reserve may not be done hiking interest rates.
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Tesla calls for government support for critical minerals
Tesla's Chairman, Robyn Denholm, has implored government and industry to transition beyond theoretical discussions and embrace decisive action urgently.
Read MoreEnergy stocks lift as Saudi Arabia and Russia extend oil supply cuts
Stocks fell on Tuesday to kick off the first trading day of a holiday-shortened week, weighed down by a jump in crude oil prices. The jump was as a result Saudi Arabia and Russia extending their voluntary supply cuts.
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The crossroads of Australian mining investment
Australia's capacity to attract mining investment is at a crossroads, with enviable reserves of critical minerals for the clean energy transition on the one hand, but rising costs, declining productivity, and increased policy risks on the other.
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