US stocks rally as labor market shows resilience
US stocks climbed Thursday after new labor market data boosted investors’ confidence in the US economy following a sharp market sell-off earlier in the week.
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ASX up 1.04% near noon: Jobless claims boost Wall Street
Australian shares surged on Friday, mirroring gains on Wall Street after positive US jobless claims data eased recession fears.
Read MoreRising protectionism in US sparks concerns among shipowners
Rising U.S. economic nationalism is poised to disrupt global trade, regardless of who wins the White House in November, with shipowners particularly alarmed at the prospect of Donald Trump’s protectionism returning "on steroids," according to the head of a major industry group.
Read MoreAustralian wine industry in crisis
In the 1980s, the Australian wine industry faced such severe challenges that the Calabria family of winemakers had to halt their primary operations and focus on washing bottles for larger producers to stay afloat.
Read MoreASX down 0.62% near noon: Materials down 1.95 per cent
At 11:30am, the S&P/ASX 200 is 0.62 per cent lower at 7,652.40. The Australian sharemarket is trading lower, mirroring a decline in US markets following a poorly received Treasury bond auction.
Read MoreUS tech stocks weigh on market as Nvidia falls
US stocks closed lower on Wednesday as the market’s attempt to fully recover from Monday’s sell-off failed.
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US stocks snap losing streak
US stocks jumped Tuesday, recovering some losses from the previous three trading days as investors took a pause from recession fears and Japanese equities rallied.
Read MoreCopper-gold in Utah and lithium in Brazil
Alderan Resources Limited (ASX:AD8) Managing Director Scott Caithness discusses the company's exploration targets and progress.
Read MoreAustralia’s resource boom faces cold shower
The rapid ascent and subsequent plunge of the lithium market has sent shockwaves through Australia's resource-dependent economy.
Read MoreHas the Fed misjudged the timing of rate cuts?
Jay Powell is maintaining a calm demeanour about the US economic outlook, but perhaps too much so. The Federal Reserve decided to hold interest rates steady at its midweek meeting, though it did adjust its tone, citing moderating job gains and rising unemployment as signs of a cooling economy. This opens the door to potential rate cuts in September.
Read MoreRBA pauses rate hikes
The Reserve Bank of Australia (RBA) today maintained the cash rate at a 12-year high of 4.35 per cent, opting to hold steady as it continues its battle against persistent inflation.
Read MoreASX up 0.2% near noon: Investors await for further economic indicators
The Australian sharemarket rebounded today after heavy selling yesterday. This follows a global rout triggered by recession fears in the US. Investors are now looking to the Reserve Bank's policy decision later today.
Read MoreWall Street plummets in worst day in nearly two years
US stocks plummeted on Monday, with the Dow Jones Industrial Average suffering its worst day in nearly two years.
Read MoreAustralian startup seeks to break China’s lithium grip
An Australian start-up, backed by mining giant Rio Tinto (ASX:RIO), is raising funds to develop a lithium extraction technology that could unlock new reserves of this essential battery component and reduce global reliance on China for refining the commodity.
Read MoreAustralia’s Woodside Energy acquires $2.35bn low-carbon ammonia project in Texas from OCI Global
Woodside Energy (ASX:WDS), Australia's largest oil and gas developer, has announced its second acquisition of US assets within weeks. The Perth-based company has agreed to pay $2.35 billion for a low-carbon ammonia project in Texas from OCI Global. This follows Woodside's $1.2 billion takeover of the struggling US liquefied natural gas developer Tellurian in late July.
Read MoreSmall caps shine, then fade
The investor shift from Big Tech to smaller stocks in July gave the Russell 2000 index one of its best months in years, marking its biggest outperformance against mega caps since 2001. However, some of the gains have already started to unwind.
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ASX down 2.93% at noon: US recession fears loom
At noon, the S&P/ASX 200 is 2.93 per cent lower at 7,710.70. This dramatic fall is primarily attributed to escalating US recession fears ignited by disappointing jobs data and a surge in Goldman Sachs' recession probability indicator.
Read MoreUS stocks tumble following jobs data
US stocks plunged on Friday following a significantly weaker-than-expected July jobs report, raising fears of a potential recession.
Read MoreCommodity prices plummet amid weak Chinese demand
Commodities ranging from copper to corn have been plummeting as ample supplies and waning Chinese demand have prompted fund managers to slash around $41 billion in bullish bets on natural resources.
Read MoreASX down 1.94% near noon: All sectors in red
Australian shares plummeted on Friday, mirroring a sharp decline on Wall Street driven by concerns over the Federal Reserve's monetary policy stance.
Read MoreRecession fears trigger US market selloff
Fresh activity data triggered fears that the Fed has left it too late to start its rate cut cycle and risks of a recession are rising.
Read MoreASX up 0.6% near noon: Investors optimistic over potential rate cuts
The Australian share market has reached a new peak, surpassing 8100 points, fuelled by investor optimism stemming from potential interest rate cuts and rising oil prices.
Read MoreRio Tinto cautious on mega-mergers
Rio Tinto's (ASX:RIO) chief executive, Jakob Stausholm, expressed no urgency in pursuing major mining sector deals, labeling a potential takeover of rival Anglo American as “all-consuming” for the world’s second-largest mining company.
Read MoreFed signals potential September rate cut as inflation eases
The Federal Reserve has indicated it could start lowering interest rates as early as September, following a decision by US policymakers to maintain borrowing costs at a 23-year high for the eighth consecutive meeting.
Read MoreFed commentary triggers surge in megacap tech stocks
All three major indices rallied as the Fed kept rates unchanged but pointed to a likely easing in September as the inflation outlook continues to improve.
Read MoreASX surges 1.8% driven by low inflation figures
The Australian sharemarket surged 1.8% on Wednesday, driven by unexpectedly low inflation figures, quashing expectations of a rate hike.
Read MoreASX up 1.1% near noon: CPI increases to 3.8% in June quarter
Australian annual inflation increased to 3.8% in the June quarter, aligning with market expectations.
Read MoreTech stocks pull back ahead of key earnings releases
The Nasdaq was the worst performing index as investors prepared for quarterly results from the big tech names.
Read MoreDroneshield’s CEO on surging share price and expanding global markets
DroneShield's CEO Oleg Vornik discusses the company's impressive share price surge and its cutting-edge counter-drone technology. He also highlights DroneShield's diverse revenue streams and expanding presence in global markets.
Read MoreGold demand soars
Wealthy families and individuals concerned about US government debt levels likely drove a record surge in gold demand during the second quarter, according to an industry report, pushing the price to all-time highs this year.
Read MoreASX closes 0.5% lower: Investors brace for data flood
The Australian share market declined on Tuesday, primarily driven by a sharp sell-off in mining giants, particularly Fortescue Metals. The benchmark S&P/ASX 200 Index fell 0.5%, with the materials sector leading losses. Investor caution ahead of key economic data releases also contributed to the market's downturn.
Read MoreSantana Minerals delivers strong drill results at Bendigo-Ophir project
Santana Minerals (ASX/NZX:SMI) has announced promising drill results from its ongoing exploration at the Bendigo-Ophir gold project. The company is advancing towards a Pre-feasibility Study (PFS) for the project.
Read MoreASX down 0.8% near noon following a fall in mining stocks
The Australian share market experienced a sharp downturn, primarily driven by a significant sell-off in the mining sector. Mining giants, including BHP and Fortescue Metals, suffered substantial losses, with the latter plunging by 8.6% following a massive block trade.
Read MoreAFIC eyes global growth amid strong domestic performance
Australian Foundation Investment Co (AFIC), the country's largest listed investment company, has reported solid financial results for the 2023-24 financial year, while also revealing ambitious plans for international expansion.
Read MoreMarkets drift sideways ahead of key earnings releases & policy news
Investors remained cautious as markets hovered near flat ahead of some key big tech earnings numbers due later this week and the Fed policy statement due out on Wednesday US time.
Read MoreUS small caps shine amidst rate cut hopes
It has been a favorable month for America’s smallest stocks as investors seek likely beneficiaries of potential interest rate cuts and reconsider investments in the largest U.S. corporations.
Read MoreTech titans stumble
Four of the so-called Magnificent Seven technology stocks that have driven the US market rally for the past nine months ended the week in correction territory, having fallen by more than 10 percent from recent peaks.
Read MoreASX surges 0.9% following Wall Street’s inflation data
The Australian share market surged today, buoyed by Wall Street’s recovery following recent inflation data.
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