Chinese PMI Confirms Contracting Economy
Further evidence that the Chinese economy’s sluggishness is deepening with another monthly survey showing the first contraction since early 2020.
Read MoreFurther evidence that the Chinese economy’s sluggishness is deepening with another monthly survey showing the first contraction since early 2020.
Read MoreAugust saw the commodities boom decisively punctured, according to the RBA’s Commodity Price Index for the month, which registered a 4.6% fall in Australian dollar terms.
Read MoreThe Australian economy grew 0.7% in the three months to June – but that was very old news made very much out of date by the continuing lockdowns in the two biggest states in the country.
Read MoreAs an investment manager, Magellan’s approach is to deliberately narrow our investment universe. Sometimes this means we can miss out on returns as the bandwagon trumpets the latest must-have stock. But we’re fine with that.
Read MoreBHP has reiterated its determination to take over Canadian nickel explorer Noront Resources, despite a mooted higher offer from Fortescue Metals chairman Andrew “Twiggy” Forrest’s Wyloo Metals.
Read MoreSemiconductors are like the brains of the computer world, allowing all our modern devices to function. But semiconductor companies can be a bit obscure, highly specialised and unknown to the general public.
Read MoreWomen’s fashionwear retailer Mosaic Brands and tech / health group Hills Ltd have both been hit hard by Covid, as shown by the weak results and mounting debt levels they announced on Wednesday.
Read MoreThe Australian sharemarket eased by 0.1% on Wednesday, bouncing off this morning’s low thanks to better than expected GDP, together with gains from offshore markets.
Read MoreAfter seven months of gains, stockmarkets face the task of surviving September and its reputation as the worst month of the year for equities.
Read MoreASX200 down 58 points (0.8%) to 7476. Imugene (-3.6%); announced HER-Vaxx Phase 2 gastric cancer trial data and flags three new trials.
Read MoreThe Dow Jones index fell by 39 points or 0.1%. The S&P 500 index fell 0.1% from record highs. And the Nasdaq index lost 7 points or less than 0.1%.
Read MoreIGO Limited has more than tripled post-tax profit thanks to the sale of its 30% stake in the Tropicana gold mine to Regis Resources, just one deal in an eventful year for the company.
Read MoreAnother sign that the Chinese economy is struggling as the latest outbreak of Covid hits confidence and drags the economy to its weakest state since the slump in the March quarter of 2020.
Read MoreTechnology is advancing at a rapid pace, exerting downward pressure on prices. But will this be enough to offset the impact of a new, higher-inflation regime? History suggests not necessarily.
Read MoreAnalysis of Australia’s housing sector from Yarra Capital’s Tim Toohey suggests excess supply is coming on the back of historic government stimulus measures and an absence of net migration.
Read MoreResimac revealed a 92% jump in profits to $107.6 million for the year to June that, like rival Liberty, was boosted by demand for housing finance and the impact of the HomeBuilder subsidy in April.
Read MoreEconomists now think it less likely the Australian economy dipped into negative growth in the three months to June after the release of current account and government finance data on Tuesday.
Read MorePengana Fund manager James McDonald provides insight into why he believes biotech Immutep is very well placed to benefit from the current environment and how it fits in the portfolio structure.
Read MoreAussie shares ended August with a solid performance. The ASX 200 added 30 points or 0.4% to 7,535 and rising 1.9% for the month. It is now 11 consecutive monthly gains for the Aussie market, the best run since 1943.
Read MoreThe ASX 200 is slightly higher at lunch on Tuesday with gains led by IT & healthcare offsetting energy and financial losses. Harvey Norman (HVN) lifted its FY21 profit by 75% but its shares are down with lockdowns impacting its July /Aug trading.
Read MoreA video investor update from ASX-listed, Canadian-based manganese producer Euro Manganese.
Read MoreConsumer products retailer Harvey Norman says it has repaid $6 million in JobKeeper subsidies to the federal government following months of criticism and pressure.
Read MoreTwiggy Forrest’s Wyloo Metals has been forced to more than double its initial offer for Canadian nickel and copper explorer Noront Resources, topping a counter bid from BHP in the process.
Read MoreAffirm shares surged by nearly 50% on Wall Street on Monday after its after-hours deal last Friday to provide buy now pay later services to Amazon in the US.
Read MoreOil prices ended higher Monday but were off their four-week highs as Hurricane Ida weakened and companies started scheduling the re-opening of production and distribution facilities shut ahead of her approach.
Read MoreThe Dow Jones index fell by 56 points or 0.2%. The S&P 500 index gained 0.4% to record highs. And the Nasdaq index lifted by 136 points or 0.9% to a new record high.
Read MoreMonday, August 30 was a day that listed software maker Altium will probably not forget for quite a while, as the company’s shares plunged 14% after an unimpressive earnings report.
Read MoreCrown Resorts’ 2020-21 annual financial release told us nothing we hadn’t already worked out – that the year to June was pretty miserable for the gambling company and so far 2021-22 isn’t much better.
Read MoreLendlease will cut more jobs in a major shake-up of the company’s operations by the new CEO, Tony Lombardo that will also see its Australian property and construction businesses consolidated.
Read MoreSo good was Fortescue Metals’ year that the company almost doubled underlying earnings from the previous period as iron ore prices hit all-time highs in the final quarter of the year to June.
Read MoreBooks, broadband and money are three winners from Covid and its lockdowns among 2020-21’s new floats, as shown by the results of Aussie Broadband, Booktopia and Liberty Financial.
Read MoreThe Aussie market managed a slight improvement to start the week with the ASX 200 lifting 16 points or 0.22% to 7,504.5 on Monday. Materials were the standout in what was a mostly underwhelming session for the market.
Read MoreThe Australian sharemarket is off to a shaky start on Monday, with losses across most sectors being offset by surging mining stocks.
Read MoreIn his weekly Bites column, David Bassanese from BetaShares gives us a rundown of what’s happening in markets, both local and global.
Read MoreASX200 down 7 points (0.1%) to 7479. Booktopia (-6%); FY revenue +35% yoy, earnings +125% yoy and 45% above prospectus.
Read MoreCatch up on the full webinar with presentations from Golden Mile Resources (ASX: G88), Miramar Resources (ASX: M2R), Empire Energy (ASX: EEG) & Krakatoa Resources (ASX: KTA)
Read MoreColin Locke – Executive Chairman – Krakatoa Resources Limited is committed to the acquisition and value addition of mineral and energy projects with a focus on high value metals.
Read MoreAlex Underwood – Managing Director – Empire Energy Group Limited is a Sydney based junior Australian oil & gas company holding 100%-owned & operated assets with unconventional targets in the Northern Territory, Beetaloo Sub-basin and central trough of the McArthur Basin.
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