RBNZ maintains high interest rates
The Reserve Bank of NZ believes that maintaining interest rates at their current highs will "return consumer price inflation to the bank’s 1% to 3% target by the end of 2024."
Read MoreThe Reserve Bank of NZ believes that maintaining interest rates at their current highs will "return consumer price inflation to the bank’s 1% to 3% target by the end of 2024."
Read MoreIn a surprise announcement four months after Moody’s move, Fitch on Wednesday revised its outlook on China to negative, citing increasing risks to the country's public finance outlook from a slowing economy and its search for new ways to stimulate growth in the wake of the property crunch.
Read MoreIn a recent development, Fitch Ratings has opted to revise the outlook on China's long-term foreign debt from stable to negative. This move comes as Fitch cites escalating concerns regarding the country's public finance prospects amid a steady rise in debt levels.
Read MoreOn Wednesday, the Australian sharemarket saw a 0.3% increase in the benchmark S&P/ASX 200 Index, reaching 7848.5 points, predominantly driven by a surge in mining stocks attributed to optimistic forecasts regarding iron ore consumption.
Read MoreAustralian shares opened higher, following a late rebound on Wall Street and a decrease in US Treasury yields ahead of the release of key US inflation data.
Read MoreA snapshot of the stocks on the move, featuring Forrestania Resources (ASX:FRS), Nico Resources (ASX:NC1) and Wildcat Resources (ASX:WC8).
Read MoreGold hit an all-time high of $2,384.50 per ounce on Tuesday on Comex in New York, before easing to trade around $2,371 per ounce at 7am Sydney time on Wednesday.
Read MoreInvestors remained on the sidelines ahead of the key March CPI data due out Wednesday US time (tonight local time).
Read MoreInvestors remained on the sidelines ahead of the key March CPI data due out Wednesday US time (tonight local time).
Read MoreBig investors seized a lucrative opportunity on Tuesday as Ansell, the global leader in protective solutions, executed a $400 million placement. The move, aimed at financing the acquisition of Kimberley-Clark's PPE business, resulted in significant gains for shareholders across the board.
Read MoreThe Australian sharemarket closed higher on Tuesday, buoyed by a 0.5% gain in the benchmark S&P/ASX index to 7824.2 points, primarily driven by a 1.5% surge in the materials sector, amidst speculation of increased iron ore demand from China.
Read MoreDr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the property market.
Read MoreA bit of a "steady as she goes" report card on the health of the Australian economy last month from the National Australia Bank.
Read MoreThe March NAB Business survey indicated that business conditions and confidence remained relatively stable, with positive trends observed in the retail and construction sectors despite ongoing challenges, particularly in rate-exposed industries.
Read MoreBitcoin surged past the $71,000 mark during Asian trading hours on Monday, marking its highest point since April 1. The rally comes as anticipation builds ahead of the much-anticipated reward halving expected to take place on April 20. This surge has not only propelled Bitcoin but also bolstered bets within the Ordinal and BRC-20 ecosystem.
Read MoreA snapshot of the stocks on the move, featuring Miramar Resources (ASX:M2R), Solstice Minerals (ASX:SLS) and Helix Resources (ASX:HLX).
Read MoreIn March, China's gold buying spree dipped amidst soaring prices, hinting at further decline in April after prices surged to unprecedented levels on Monday.
Read MoreThe angle of attack on China's struggling property developers has shifted significantly. Under President Xi Jinping's administration, the Chinese government has adopted a radical approach towards their financial health, employing non-Communist party overseen legal mechanisms.
Read MoreFirst-quarter earnings season is set to begin in earnest this week, led by banking giants JPMorgan Chase, Wells Fargo (WFC), and Citigroup on Friday.
Read MoreIron ore futures surged unexpectedly in Singapore on Monday, a stark contrast to their decline late last week.
Read MoreMarkets finished the day essentially flat as investors remain focused on CPI due out later this week.
Read MoreMarkets finished the day essentially flat as investors remain focused on CPI due out later this week.
Read MoreThe Australian sharemarket closed slightly higher on Monday, with the S&P/ASX gaining 0.2 per cent to 7789.1 points, despite a tumultuous session for several ASX 200 members.
Read MoreBeach Energy (ASX:BPT), a prominent player in the oil and gas industry, has been grappling with significant challenges, including cost overruns and delays, at its Waitsia gas project in Western Australia. The company's recent announcement of sweeping staff cuts has underscored the severity of the situation, raising concerns among investors and stakeholders alike.
Read MoreElders (ASX:ELD), Australia's foremost rural services group, encountered a significant blow on Monday as its shares plummeted nearly a quarter following a trading update.
Read MoreIn a recent development within the gold sector, Westgold Resources (ASX:WGX) has announced its acquisition of Kinora Resources, merely 11 days after Ramelius Resources (ASX:RMS) abandoned its pursuit of the Canadian-based Australian gold company.
Read MoreA snapshot of the stocks on the move, featuring Alice Queen (ASX:AQX), Aurora Labs (ASX:A3D) and Qoria (ASX:QOR).
Read MoreThe ASX is advancing in the initial session of the week, primarily driven by the strength of technology stocks, following Friday's tech-driven surge on Wall Street.
Read MoreMedical products and protective wear group, Ansell (ASX:ANN) had its shares suspended on Monday ahead the announcement of its proposed acquisition of the personal protective equipment business of giant US paper products group, Kimberley-Clark.
Read MoreSilver Lake Resources (ASX:SLR), a prominent player in the gold and copper mining sector, has announced a rise in gold and copper sales for the March quarter. However, investors will have to wait until late April to access comprehensive data on production, costs, and prices.
Read MoreAre US investors confused, or so besotted with the idea of falling interest rates that they ignored the strongest single month's jobs figures for a year, and ended four losing sessions to charge higher on Friday?
Read MoreUS stocks bounced back in Friday trading ignoring a hotter than expected payrolls print and upward pressure on bond yields.
Read MoreWednesday's US consumer inflation figures pose a significant test for an economy that appears to have hit bottom at the close of 2023 and is now gaining momentum, despite interest rates being at their highest in years.
Read MoreGold reached a fresh record on Friday, despite the ascent of the US dollar and US treasury yields, buoyed by the American economy adding far more new jobs than expected last month. Middle East tensions over Gaza and Iran's retaliation vow following an attack on its embassy in Syria further fueled gold's rise.
Read MoreInflation in the US and China will dominate headlines this week, alongside the European Central Bank meeting, discussing Europe’s lower-than-expected inflation.
Read MoreGoodbye, Tesla, and Elon Musk's pioneering work on making EVs mainstream. According to a lengthy Reuters report, the company has dropped its plans to make a smaller and cheaper EV and will instead concentrate on the increasingly discredited idea of a 'robotaxi.'
Read MoreUS stocks bounced back in Friday trading ignoring a hotter than expected payrolls print and upward pressure on bond yields.
Sources: Bloomberg, FactSet, IRESS, TradingView, UBS, Bourse Data, Trading Economics, CoinMarketCap.
Read MoreThe slide in iron ore prices and export volumes saw Australia’s goods surplus fall to a five-month low in February.
Read MoreJohn de Vries – CEO & Managing Director – Black Rock Mining (ASX:BKT) has an 84% interest in the world-class Mahenge Graphite Project (Mahenge) located in Tanzania.
Read MorePaul McDonald – CEO – IDT Australia (ASX:IDT) is an expert partner in the production and manufacture of pharmaceutical products, including medicinal cannabis.
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