Rate Rises Send Oz Savings to 15-Year Low
Australian economic growth slowed in the March quarter as consumers cut spending and savings in the face of the RBA’s tussle with inflation.
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Chinese Economy Stuck in a Rut of Diminishing Returns
The Chinese economic slowdown was dramatically underlined Wednesday with very weak May trade data – especially exports, the mainstay to this point.
Read MoreEquities Ignore Recession, Profit Risks
For equity investors, it is of paramount importance to closely monitor the potential effects of increasing financial stresses on earnings expectations.
Read MoreStock Snippets: VEA, EHE
Among the stories doing the rounds during Wednesday’s ASX trading session were these two from Viva Energy and Estia Health.
Read MoreNovonix, LG Energy Sign US$30m Investment Agreement
Novonix CEO Dr Chris Burns discusses the company’s joint research and development agreement with South Korean battery cell manufacturer LG Energy Solution.
Read MoreEnergy sector tumbles: ASX closes 0.16% lower
Peter Milios from Finance News Network with a round-up of the highlights from today’s ASX trading session.
Read MoreGDP grew by 0.2% in March quarter: ASX up 0.07% at noon
Peter Milios from Finance News Network with all the news from today’s morning trading session on the ASX.
Read MoreStocks of the Hour: NVX, LRS, ADN, JRL
Abbey Phillipps from Finance News Network breaks down some stocks making noise in today’s ASX trading session.
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Synlait Shares Soar on a2’s China Approval News
Synlait shares jumped nearly 15% Tuesday on news that Chinese regulators approved partner a2 Milk’s China label baby formula – a2 was up less than 2%.
Read MoreGlobal Healthcare in Good Stead
Daniel O’Connell explains why VanEck thinks the current environment bodes well for healthcare, which is considered a defensive sector.
Read MoreRBA Remains Resolute and Aggressive with Rates
The RBA lifted the cash rate to an 11-year high of 4.1% on Tuesday and warned further rises might be needed if inflation didn’t start falling.
Read MoreIncitec Required to Pivot in the Boardroom
Tuesday saw Incitec Pivot’s Jeanne Johns name added to the list of CEOs in the news, stepping down from the role at the end of June.
Read MoreMarket Forces Westgold’s Hand with Musgrave
Westgold Resources has announced a $177m bid for Musgrave Minerals in a deal aimed at uniting two miners operating in the Cue area of the WA goldfields.
Read MoreASX Ready to Make its Next Move
The market didn’t think much of the five-year plan the ASX announced on Tuesday, marking shares down by more than 10%.
Read MoreASX closes 1.2% lower as RBA lifts cash rate 25 basis points
Peter Milios from Finance News Network with a round-up of the highlights from today’s ASX trading session.
Read MoreASX 0.7% lower at noon as investors await RBA rate decision
Peter Milios from Finance News Network with all the news from today’s morning trading session on the ASX.
Read MoreStocks of the Hour: SIG, MGV, ADD
Abbey Phillipps from Finance News Network breaks down some stocks making noise in today’s ASX trading session.
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Five Reasons to Consider European Banks
Niall Gallagher from GAM considers why the market remains too pessimistic on European banks and provides a five-point counterargument.
Read MoreErnest Henry Continues its Evolution into a Major Find
Evolution Mining has significantly expanded the size of the resource at the Ernest Henry gold and copper mine it bought from Glencore in early 2022.
Read MoreGaming Growth and the First Esports Olympics
Esports have entered the mainstream, with the IOC this month releasing details of the inaugural Olympic Esports Week in Singapore during June.
Read MoreSaudis Keep Using OPEC+ to Do their Bidding
Oil prices rose almost 2% on Monday after the OPEC+ group extended its production cuts to the end of next year with the Saudis exerting their control.
Read MoreCorporate Chatter: MYR, ELD
Contrarily unexpected news in the boardrooms of Myer and Elders on Monday, with one losing and the other retaining its CEO.
Read MoreMiners surge on higher iron ore prices: ASX closes up 1%
Peter Milios from Finance News Network with a round-up of the highlights from today’s ASX trading session.
Read MoreSearching for Gold in the Largest Holding in Bendigo
Falcon Metals Managing Director Tim Markwell discusses progress with the company’s gold exploration, touching on key prospects and the results timeline.
Read MoreAustralia’s inventories increase for March Qtr: ASX 1.05% higher at noon
Peter Milios from Finance News Network with all the news from today’s morning trading session on the ASX.
Read MoreStocks of the Hour: REZ, WA1, IPD
Abbey Phillipps from Finance News Network breaks down some stocks making noise in today’s ASX trading session.
Read MoreLatin Resources (ASX: LRS) – Webinar Presentation
Christopher Gale – Managing Director – Latin Resources is exploring and developing sustainable minerals in Australia and Latin America to provide the planet with environmentally friendly products.
Read MoreBenchmark Mineral Intelligence – Keynote Presentation
A keynote presentation provided by Cameron Perks, Principal Analyst at Benchmark Mineral Intelligence.
Read MoreJindalee Resources (ASX: JRL) – Webinar Presentation
Lindsay Dudfield – Executive Director & CEO – Jindalee Resources’ primary objective is to create wealth for shareholders through the discovery of world class mineral deposits.
Read MoreEuropean Metals Holdings (ASX:EMH) – Webinar Presentation
Keith Coughlan – Executive Chairman – European Metals is an Australian and UK listed mineral exploration and development company with a clear aim to create a sustainable European lithium supply chain with a low-carbon footprint.
Read MoreGlobal Lithium Resources (ASX: GL1) – Webinar Presentation
Ron Mitchell – Managing Director – Global Lithium Resources is a diversified WA focussed mining and exploration company with multiple assets in key lithium-branded jurisdictions.
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OPEC+ Extends Production Cuts thru 2024
OPEC+ extended its latest production cuts of 1.16 million barrels a day to the end of next year and the Saudis have also added an extra cut of half a million barrels a day.
Read MoreCommodities Corner: Rigor Mortis
The OPEC+ group is considering new cuts to its production cap but the real story for the oil market this week was yet another fall in the number of US oil and gas rigs in use.
Read MoreMonday Market Minutes: Just Roll with it
The ASX looks like starting with gusto later this morning after a big end to the week on Wall Street as the major indices moved strongly upward on Friday.
Read MoreWriting on the Wall for Retail Over-Correction
Adairs is the first major retailer to flag to investors the impact of the RBA-driven slowdown on its 2022-23 performance with a weak trading update on Friday.
Read MoreDiary: Missed by That Much
The economy will dominate markets in Australia this week, with the RBA’s June meeting tomorrow and the March quarter growth figures on Wednesday.
Read MoreMagmatic Selloff a Bit of a Head-Scratcher
For some reason investors didn’t like Tuesday’s update from Magmatic Resources showing it had made further strikes of low-level copper and gold at its Corvette prospect in NSW.
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