Australian commodities market sees wild ride in 2024
The global commodities market has experienced significant volatility this year, with prices largely remaining elevated.
Read MoreThe global commodities market has experienced significant volatility this year, with prices largely remaining elevated.
Read MoreThe Australian share market extended its winning streak to eight days on Tuesday, buoyed by optimism ahead of the US Federal Reserve's Jackson Hole meeting.
Read MoreDr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses why super and growth assets like shares really are long term investments.
Read MoreKamala Harris plans to increase the U.S. corporate tax rate to 28 per cent if she wins the White House in November, aiming to boost government revenues from corporate America—a move likely to face opposition from the business community.
Read MoreThe symbolism couldn't be more striking. Two American astronauts, who journeyed to the International Space Station in June aboard Boeing's Starliner spacecraft, now face the possibility of being stranded in space for months due to a leak in the vehicle's propulsion system.
Read MoreThe Reserve Bank held the cash rate steady at 4.35% for the sixth consecutive meeting, but minutes reveal serious consideration of a rate hike due to persistent inflation risks. While no decision was made, the central bank emphasised that all options remain open.
Read MoreA snapshot of the stocks on the move, featuring Corella Resources (ASX:CR9), Green Technology Metals (ASX:GT1) and Lithium Universe (ASX:LU7).
Read MoreNZ adventure-wear group, KMD Brands (ASX:KMD), is heading for a significant loss for the year to 31 July, despite a sales update showing a gradual improvement from the retailer’s mid-year slump.
Read MoreA day before releasing what are expected to be bad figures, Fletcher Building (ASX:FBU) has finally named a new CEO in the shape of former executive, Andrew Reding.
Read MoreUS shares advanced on Monday, extending recent gains as investors looked ahead to the highly anticipated Federal Reserve symposium later this week.
Read MoreGold and iron ore traded higher on Monday, with the precious metal hitting new highs after the US dollar fell to seven-month lows. Iron ore futures on the SGC platform in Singapore jumped more than 3% to close Monday evening at US$95 a tonne for 62% Fe fines.
Read MoreGlobal convenience store giant, Japan's Seven & i Holdings, has received a reported US$31 billion takeover offer from Canada's global convenience store giant, Alimentation Couche-Tard.
Read MoreThe slump in global coal prices has again caught up with Yancoal Australia (ASX:YAL), the big Chinese-controlled thermal and soft coking coal miner and exporter.
Read MoreChinese authorities have restricted access to a key data source on inward investment as global funds continue to withdraw from the country’s stock market, raising the possibility that 2024 could mark the first year of net equity outflows.
Read MoreInvestors who had reduced their equity exposure during the market volatility in early August significantly increased their holdings as global stocks rebounded last week, according to data from Deutsche Bank.
Read MoreUS shares advanced on Monday, extending recent gains as investors looked ahead to the highly anticipated Federal Reserve symposium later this week.
Read MoreThe Australian sharemarket closed slightly higher on Monday amid a subdued trading session as investors focused on a series of company profit reports on the ASX.
Read MoreElectrification, the process of converting non-electric energy sources into electricity at the point of consumption, is rapidly transforming how we power our nation. This shift is driven by a confluence of factors: the introduction of new electric technologies, increasing environmental concerns, and supportive government policies across Australia.
Read MoreImmutep Limited (ASX:IMM) CEO and Executive Director Marc Voigt discusses progress with the company's IMP761 drug, which is potentially active in more than 90% of autoimmune diseases.
Read MoreCorporate Connect Research (CCR) has provided an initiation report on Mayfield Group Holdings (ASX:MYG).
Read MoreIt was a very different market reaction on Monday to the full-year results of plumbing supplier Reece (ASX:REH) than we saw for the interim back on 26 February. Then, a 5% lift in EBIT and a 20% jump in statutory earnings – 6% higher after dropping one-off items – but a steady dividend saw the shares surge more than 18% on the day to $28.50.
Read MoreOn Monday, Queensland regional bank Auswide (ASX:ABA) and Tasmania’s MyState (ASX:MYS) unveiled what could only be called a “mergerette,” with a value for the all-paper deal around 80% less than the ANZ buy at approximately $755 million.
Read MoreA day after seeing its shares rise nicely on the peace pact with Synlait (ASX:SM1), its once key supplier, A2 Milk (ASX:A2M) saw its shares sold off heavily on Monday after reality hit in the form of a moderately OK 2023-24 results but weak outlook.
Read MoreAustralian steelmaker BlueScope (ASX:BSL) has defied expectations by increasing its final and full-year dividends for the 2023-24 financial year, even as it forecasts a dramatic profit slump in the first half of 2024-25.
Read MoreAustralian insurer Suncorp (ASX:SUN) has forecast a slowdown in premium income growth for the current financial year, a development that may disappoint some investors. However, to offset this, shareholders can anticipate a substantial payout in the March quarter of next year from the $4.9 billion proceeds of the company’s bank sale to ANZ.
Read MoreIron ore prices have crashed to their lowest level in two years, driven by the ongoing crisis in China’s property sector, which has severely weakened steel demand. This sharp decline is posing a significant threat to the earnings of the world’s largest mining companies.
Read MoreLast week, Wall Street managed to erase all the losses from its rough start to August, leading to jokes that summertime might be better spent at the beach than worrying about market turmoil.
Read MoreA snapshot of the stocks on the move, featuring Euro Manganese (ASX:EMN), Mithril Resources (ASX:MTH) and Control Bionics (ASX:CBL).
Read MoreAt 11:40am, the S&P/ASX 200 is 0.07 per cent lower at 7,965.9, dragged down by a slump in consumer staples stocks as investors assessed mixed company earnings.
Read MoreGWA Group (ASX:GWA), a leading provider of water solutions products and systems to households and commercial premises, has announced a strong financial performance for the year ended 30 June 2024, despite challenging market conditions.
Read MoreWestpac (ASX:WBC) has followed rivals, CBA, and NAB in reporting a flat revenue performance for the three months to June. However, unlike the other two banks, Westpac said it lifted net profit by 6% to $1.8 billion, steady on the previous quarter. Revenue remained flat at $5.4 billion for the quarter.
Read MoreKiwi casino operator SkyCity Entertainment (ASX:SKC) has warned of an estimated $86.2 million impairment charge on its Adelaide operation. The company has also increased its debt capacity to weather what it expects to be a tough year ahead.
Read MoreTwo weeks after Japanese stock markets fell sharply following the Bank of Japan's rate rise, the tremors have subsided, as Japan's Nikkei index enjoyed its second strongest day of trading in 2024.
Read MoreNow there are three American megacaps back in the over $3 trillion club on Wall Street, thanks to last week’s rebound, particularly in Nvidia shares.
Read MoreGold prices surged on Friday, notching their 28th all-time settlement high for the year so far, with the precious metal finding new support.
Read MoreOil prices mixed by the end of last week, with US crude types lagging a bit while Brent was slightly stronger. This shift occurred despite the ongoing disagreement between OPEC and the International Energy Agency (IEA) regarding demand strength over the next few months.
Read MoreUS shares surged on Friday, capping off their most successful week of 2024 as the market rebounded from a sharp decline earlier in August.
Read MoreUS shares surged on Friday, capping off their most successful week of 2024 as the market rebounded from a sharp decline earlier in August.
Read MoreThe next five days will mark the first of two peak weeks for Australian June 30 earnings, with 64 ASX 200 companies reporting between this morning and Friday.
Read MoreWhile the positive global lead and a reasonable start to the June half profit reporting season saw Australian shares rise by 2.5% last week, today’s trading is expected to be on the low side due to a weak futures lead on Friday night.
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