Nvidia driven rally continues to push US markets higher
The Nvidia rally continued on Friday with the AI giant leading the Nasdaq to another record close, as inflation and Fed concerns took a back seat to the Tech driven rally.
Read MoreThe Nvidia rally continued on Friday with the AI giant leading the Nasdaq to another record close, as inflation and Fed concerns took a back seat to the Tech driven rally.
Read MoreDid we miss the copper party? Was gold’s surge last week just another dash in the pan? Was the Fed the catalyst for the sell off in metals – or did traders realise that the boomlet was built on clay and easily undermined by a US central bank that seems to be getting a little cranky about ’sticky inflation’?
Read MoreA week for going nowhere—that was last week. This week, however, it's a week for being on tenterhooks until 8:30 a.m. Washington time, when the last inflation data release of the month is due.
Read MoreTime for oil to step back into the spotlight as prices ease, and the OPEC+ group’s next meeting this coming weekend has again raised the now-familiar question: 'will they raise or ease their production cap?'
Read MoreIron ore prices ended back over $US120 a tonne in Asian dealings on Friday as the market ignored another rise in portside stocks in the week to Thursday.
Read MoreThe Nvidia rally continued on Friday with the AI giant leading the Nasdaq to another record close, as inflation and Fed concerns took a back seat to the Tech driven rally.
Read MoreA surge in speculation by futures market traders has propelled the prices of metals like copper and gold to record highs, driven by funds betting on supply shortages and seeking to hedge against inflation.
Read MoreBHP (ASX:BHP) has seen initial signs of positive engagement regarding its proposed £38.6bn takeover of Anglo American. The two companies have agreed to extend talks by a week, aiming to finalize what could be the mining sector's largest-ever deal.
Read MoreSam Smith – Executive Director, IR & Corporate Affairs – Santana Minerals (ASX:SMI) is developing the Bendio-Ophir project on the south island of New Zealand, which features the 2.2Moz Rise and Shine gold project discovered in 2021. The discovery is touted as the most significant gold discovery in New Zealand in 40 years.
Read MoreJoe David – Managing Director – Elementos Limited (ASX:ELT) is progressing project development to fill a forecast supply deficit in the tin market and is focused on commencing tin production by 2025.
Read MoreMark Miocevich – Managing Director – VEEM Limited (ASX:VEE) is a designer and manufacturer of disruptive, high-technology marine propulsion and stabilisation systems for the global luxury motor yacht, fast ferry, commercial workboat and defence industries.
Read MoreAustralian shares opened lower on Friday, declining by 0.93 per cent by 11:35am due to weakness in commodities and following a sell-off on Wall Street.
Read MoreWinston Sammut, the Director Property of Euree Asset Management, gives his weekly take on the REITs sector.
Read MoreWest Australian Premier Roger Cook has outlined his vision for the state's economic future, emphasizing the pivotal role of its ore resources in driving a transition towards green steel production.
Read MoreWall Street equities, US bond markets, and commodities were swamped Thursday by data showing that the US economy is stronger than thought.
Read MoreA snapshot of the stocks on the move, featuring Adherium (ASX:ADR), Nanoveu (ASX:NVU) and Nimy Resources (ASX:NIM).
Read MoreThe evolving global economic landscape with insights from Jim Chronis. From growth projections to geopolitical risks, and Australia's economic trajectory.
Read MoreUS stocks experienced a downturn on Thursday, marking the Dow Jones Industrial Average's worst performance of 2024, as a post-earnings boost from Nvidia failed to uplift the broader market sentiment.
Read MoreUS stocks experienced a downturn on Thursday, marking the Dow Jones Industrial Average’s worst performance of 2024, as a post-earnings boost from Nvidia failed to uplift the broader market sentiment.
Read MoreWhile Chile's SQM, the world’s second-biggest lithium player, has joined the list of companies in this key renewable metal to report a slump in sales revenues and weak to no earnings and losses for the three months to March 31, it is more upbeat about the rest of 2024 than the rotten results might suggest.
Read MoreIn a significant turn of events within Australia's mining sector, Resources Minister Madeleine King and West Australian Premier Roger Cook have voiced strong criticism against BHP (ASX:BHP), one of the nation's leading mining companies. Their discontent stems from BHP's contemplation of either closing down or selling its Nickel West operation, a move that could potentially result in job losses and economic repercussions.
Read MoreThe Australian stock market experienced a decline on Thursday, attributed to concerns raised by the latest US Federal Reserve meeting minutes regarding the pace of disinflation. This led to profit-taking in commodities.
Read MoreA four-cent unfranked dividend for shareholders in the ag chemicals business Nufarm (ASX:NUF), and the promise of a pickup in the current second half as it expects an upturn in its crop protection business.
Read MoreDiscount retailer The Reject Shop (ASX:TRS) is expecting a more than halving in earnings for the year ending June 30, despite reporting reasonable sales growth for the latest quarter and financial year to date.
Read MoreAccounting software multinational Xero (ASX:XRO) has reaped the benefits of the restructuring and management change a year or so ago and the new direction she brought to the group.
Read MoreA snapshot of the stocks on the move, featuring Strategic Energy Resources (ASX:SER), RareX (ASX:REE) and Kalgoorlie Gold Mining (ASX:KAL).
Read MoreAustralian shares have decreased by 0.9% at 11:30am, in response to the Federal Reserve's concerns over inflation, mirroring Wall Street's decline. The Fed's minutes indicated a potential for further tightening of monetary policy, leading to a drop in treasuries, oil prices, and gold, while BHP's shares fell 3% due to rejection of its acquisition offer by Anglo American.
Read MoreAll three major indexes fell into the red after the minutes from the Federal Reserve’s May meeting raised concerns of persistent inflation, suggesting any rate cuts are likely to be pushed out further.
Read MoreThe dream lives on – that is the dream of a rate cut in Britain. June is now out, as Wednesday saw UK consumer inflation coming in lower but stronger than forecast for April.
Read MoreNow, 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.
Read MoreSo, we're now at the pointy end of BHP's (ASX:BHP) monthly long attempt to grab its stumbling rival, Anglo American.
Read MoreA 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.
Read MoreAll three major indexes fell into the red after the minutes from the Federal Reserve’s May meeting raised concerns of persistent inflation, suggesting any rate cuts are likely to be pushed out further.
Read MoreShares on the S&P/ASX 200 dipped 0.05%, primarily driven by a decline in retail and consumer stocks despite gains in the mining sector.
Read MoreWe 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.
Read MoreShares in BHP Group (ASX:BHP) closed at a three-month high on Tuesday, 36 hours ahead of a deadline to lodge a formal bid for rival miner Anglo American, which last week rejected a sweetened $US43 billion takeover offering.
Read MoreNothing compares to a copper price boom for catalyzing a surge in exploration efforts, proposed expansion projects, and fundraising.
Read MoreDespite unemployment rising above pre-pandemic levels, the Reserve Bank of New Zealand’s sturdy monetary policy stance will not change.
Read MoreThe great car boom has ended with the country’s biggest dealer, AP Eagers, issuing a surprise earnings downgrade, which saw the shares slump almost 20%.
Read MoreFund Manager Chris Pedersen discusses James Hardie Industries, Aristocrat Leisure, GrainCorp and Telstra Group and copper.
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