Weekly Wrap

Reality drifted through global oil markets last week after OPEC+ bowed to reality and announced it would start easing its production caps, while keeping others in place until next year.

Last year was the warmest on record since global data collection began in 1850, with extreme weather and prolonged heatwaves pushing temperatures 1.18°C above the 20th-century average. This year, heatwaves have already affected the Middle East and Southeast Asia, starting as early as April, indicating a busy year ahead for power companies.

The Bank of Canada cut its key rates by 0.25%, joining central banks in Sweden and Switzerland, and ahead of the European Central Bank, which is widely forecast to cut by a similar amount on Thursday.

Market values continue to fluctuate at the top of Wall Street, and for the first time ever, a session finished with three companies worth $US3 trillion or more.

American investment analysts and traders have finally woken up to the strategy Warren Buffett and Berkshire Hathaway are using to invest surplus cash in US Treasury bonds.

Tesla's performance in China—its most important market—continues to flag, raising more questions about its performance this quarter and for the rest of 2024.

Never a good sign to show weakness when you claim to be controlling a key commodity market and expect to escape some sort of punishment. But that’s what the OPEC+ group did with its extension of its production caps until well into 2025—down went prices on Monday, thereby making all OPEC members poorer for at least a session.

Two product releases this week – one in northern China, the other in Tokyo, could very well help mark the end of the headless rush into pure electric vehicles or BEVs, the kind Elon Musk pushed into the foreground of public knowledge and ignited a boom in China and then around the world that is now spluttering.

Agriculture Minister Murray Watt has confirmed that five major Australian beef exporters, previously suspended from exporting meat to China, can now resume their operations. The suspension, imposed amidst a trade war between the two nations, has been lifted by Beijing with immediate effect.

ConocoPhillips has agreed to acquire Marathon Oil in an all-stock deal valued at $22.5 billion, including debt, as consolidation continues to reshape the US oil sector.

Australia finds itself at a pivotal juncture where the burgeoning demands of AI intersect with the nation's energy infrastructure. Data centres, often referred to as "AI factories," are at the heart of this convergence, exerting significant pressure on the national power grid.

Star Combo Pharma (ASX:S66) has attained a notable achievement with the issuance of a manufacturing license by the Therapeutic Goods Administration (TGA) for the production of pastille products tailored for the Gummy market.

Now, that’s what you call a result—in fact, a crushing result, as Nvidia’s revenue soared by 262% in the past quarter, beating all expectations and sending the chipmaker’s shares higher in after-hours trading on Wednesday.

A three-month high for iron ore prices was reached on Wednesday as traders remained bullish about the prospects for China's aid packages for the country's loss-making property sector.

We estimate the total world manganese ore production to be approximately 60 million tonnes, or 20 million tonnes in manganese equivalent, accounting for differences in ore grades. Manganese ore specifications typically range from 30% to 44%. Grades lower than this specification would require additional treatment to concentrate the ore further to meet the midstream Silicon Manganese producers' specification requirements.

Nothing compares to a copper price boom for catalyzing a surge in exploration efforts, proposed expansion projects, and fundraising.

The MACD is the second most commonly used chart visualization on Marketech’s Focus platform, being saved by about 30% of our serious/active investors in their primary saved chart layout.

Leading Australian fixed low-cost broker platform, Selfwealth (ASX:SWF) (“Selfwealth” or “the Company”), has released its latest report on the most traded ASX stocks in April.

Several major European power companies are reassessing their renewable energy development targets due to high costs and low electricity prices, signaling challenges in transitioning away from fossil fuels, such as coal, oil, and natural gas.

The lure of gaining exposure to the mega-themed Artificial Intelligence (AI) boom via the stability of real estate has attracted operators and investors alike.

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Copper has emerged as a focal point for both data transmission and the investment strategies of those wary of inflation. Since early February, the red metal has experienced a remarkable surge in price, climbing over 26 percent on the London Metal Exchange and reaching record highs in the US.

The number of new jobs and the number of unemployed workers rose in April, as the labour market seemingly moved to the cusp of a major change.

In the world of share market investing, charts serve as an indispensable tool for decision-making. They provide vital insights into market trends, price movements, and crucial indicators that influence trading strategies.