Afternoon update: Shares slip as traders unwind January rally
Australian shares are sliding in the final trading hours of Monday, continuing a tough start to the year due to traders unwinding last month's market rally.
Read MoreAustralian shares are sliding in the final trading hours of Monday, continuing a tough start to the year due to traders unwinding last month's market rally.
Read MoreA snapshot of the stocks on the move, featuring Chariot Corporation, Tempest Minerals and Trinex Minerals.
Read MoreAustralian shares have shown a modest increase near midday, rebounding from a challenging start to the year. Traders are eagerly awaiting further information regarding global economic inflation concerns.
Read MoreIn a surprising turn of events, Australian companies, Fortescue (ASX:FMG) and Woodside (ASX:WDS), find their ambitious hydrogen projects hanging in the balance following proposed rule changes by the United States. These changes could potentially exclude them from accessing cash incentives under the Inflation Reduction Act (IRA), worth billions of dollars.
Read MoreIn the early days of this year, short sellers have turned their attention towards lithium companies, making them some of the most heavily bet-against stocks in the sharemarket. This shift comes as prices for the crucial battery metal experience a decline, raising concerns about the sustainability and capitalization of some companies in the industry.
Read MoreWestern nations have found themselves in a precarious situation following China's recent bans on the exports of specific rare earth technologies, intensifying the urgency to develop alternative sources in Australia, according to Australia's Resources Minister, Madeleine King.
Read MoreThe S&P 500 closed Friday slightly higher, but all three major indices ended a nine-week winning streak due to a better-than-expected jobs report.
Read MoreOne way or another, the next month or so could very well set the tone for the first half of 2024. Will it be a continuation of the rosy belief that the Fed's interest rate pivot remains in place, or will it bring uncertainty and choppiness, as seen in the first trading week of the new year?
Read MoreIn 2023, record gold prices surged twice within the year, driven by various global factors.
Read MoreThe first week of 2024 was less than favourable for Apple as its shares dropped by nearly 6% in a shortened trading week (due to New Year). The world's largest company by market value is bracing for more uncertainty in the immediate future.
Read MoreBig American oil companies are merging to enhance commercial security, protect safety margins, and reduce costs. Now, they are joined by major gas players as US natural gas companies Chesapeake Energy and Southwestern Energy near a $US17 billion merger.
Read MoreReal wages ended the year with a modest increase, raising concerns for the central bank and the possibility of keeping interest rates higher for a longer duration.
Read MoreThe Nasdaq Composite closed lower on Thursday for a fifth consecutive losing session — its longest losing streak since October 2022.
Sources: Bloomberg, FactSet, IRESS, TradingView, UBS, Bourse Data, Trading Economics, CoinMarketCap.
Read MoreRecent technological advancements have fuelled speculation about AI's potential to reshape various aspects of society, including the economy.
Read MoreThe growing demand for lithium-ion batteries raises concerns about the sustainability of lithium mining, prompting researchers to explore alternative technologies.
Read MoreGoldman Sachs Asset Management has released its highly anticipated 2024 outlook report, entitled "Embracing New Realities".
Read MoreLithium carbonate prices in China, the world's largest consumer and producer of the chemical used in batteries, are poised to plummet by more than 30 per cent in 2024, according to analysts.
Read MoreAustralia's impressive growth in residential rooftop solar installations has established the nation as a global leader in renewable energy adoption. However, it has also given rise to a pressing challenge: solar waste.
Read MoreNuclear power has come a long way since its inception in the 1950s. Here is an overview of nuclear power around the world.
Read MoreIt has been a challenging year for investment banking in 2023, marked by a decrease in deal volume and several high-profile transactions failing to materialise.
Read MoreAs we approach the end of 2023, it's time to take stock of the year that was and look ahead to what the future holds for the Australian sharemarket in 2024.
Read MoreA selection of some of the Information Technology companies that presented with us in 2023.
Read MoreThe global lithium market is experiencing unprecedented levels of volatility, mirroring the characteristics of the element itself, which is famously the most volatile metal on the periodic table.
Read MoreSources: Bloomberg, FactSet, IRESS, TradingView, UBS, Bourse Data, Trading Economics, CoinMarketCap.
Read MoreAustralia's ambitious plans to replace gas exports with green hydrogen could be hindered by the immense scale of transmission lines required to establish a thriving renewable export sector, warns the Australian Energy Market Operator.
Read MoreInvestors have witnessed a sharp decline in prices. However, experts suggest that there are reasons for optimism.
Read MoreElectric vehicle sales have continued their remarkable growth trajectory, exceeding both public expectations and forecasts from professional analysts in the field.
Read MoreIn a recent gathering of prominent figures in the Australian financial landscape, three critical components of the capital chain converged to discuss a pressing issue – the energy transition.
Read MoreDr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses themes for 2023 and possible themes for 2024.
Read MoreNicola Powell, the Chief of Research and Economics at property classifieds giant Domain, has admitted that 2023 caught her off guard as the property market defied expectations.
Read MoreAs the federal government unveils its 10-year immigration plan, investors are advised to monitor how the government treats overseas tradies.
Read MoreIn the world of investing, there's a distinction between theoretical exercises and real-world financial stakes.
Read MoreEuropean carmakers are facing a shortage of vital raw materials for electric vehicle batteries, potentially hindering their efforts to meet ambitious 2030 sales targets.
Read MoreThe S&P 500 finished marginally higher Thursday, closing in on a new all-time high in the penultimate trading day or what’s been a strong year for stocks.
Read MoreThe EV industry, with its eyes set on a trillion-dollar market value, is racing against time to replace the century-old internal combustion engines (ICE) that have long dominated the roads.
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