Afternoon update:ASX up 0.7% as Healthcare leads
The Australian sharemarket continues to build on its upward momentum, mirroring a modest rally on Wall Street that propels the S&P 500 to a new record high.
Read MoreThe Australian sharemarket continues to build on its upward momentum, mirroring a modest rally on Wall Street that propels the S&P 500 to a new record high.
Read MoreIn this Tuesday's announcement, neither lithium nor nickel were mentioned or harmed, but the market displayed a notable surge in enthusiasm for True North Copper (ASX:TNC) shares. They skyrocketed by almost 40% following a strategic partnership with Glencore.
Read MoreOnce again, the markets told the story on Monday as China and Japan considered monetary policy, with the status quo emerging as the winner.
Read MoreOn the day China was expected to lower interest rates, its stock markets plummeted by over 2%, surprising analysts who had not anticipated such a move from the People's Bank of China (PBoC) after it had left another key indicator unchanged the previous week.
Read MoreA snapshot of the stocks on the move, featuring Cobre (ASX:CBE), Hot Chili (ASX:HCH) and Aspen Group (ASX:APZ).
Read MoreThe Australian sharemarket opened slightly higher, following a modest rally on Wall Street, which saw the S&P 500 reach a new high. The S&P/ASX 200 index is currently up by 0.59% at 7,520.90, reflecting a similar trend in US stocks, with the S&P 500 closing up 0.2% and the Nasdaq 100 up 0.3% overnight.
Read MoreUS stocks rose overnight as investors built on the previous session’s historic move to record highs.
Read MoreUS stocks rose overnight as investors built on the previous session’s historic move to record highs.
Read MoreCashed-up African gold miner, Perseus (ASX:PRU), has disrupted the already tumultuous takeover bid for OreCorp by Canada's Silvercorp Metals with a full cash offer of 55 cents per share. While it represents just a 4% premium to Silvercorp's cash and share bid, Perseus' transaction appears likely to succeed unless the Canadian company can secure sufficient funds to counter with an all-cash offer.
Read MoreThe Australian sharemarket saw gains driven by a US rally, with tech and financial stocks leading the way. Buy now, pay later company Zip surged 16.5% after announcing a return to semi-annual profitability.
Read MoreABx Group (ASX:ABX) has announced high-grade results emerging from the first drilling campaign at the Wind Break deposit.
Read MoreBy mid-afternoon, the Australian share market rose by 0.6%, influenced by a positive trend in the US stock market.
Read MoreLynas (ASX:LYC), a rare earths group, saw its shares under pressure on Monday after revealing a 40% year-on-year decline in rare earths production in the December quarter.
Read MoreOn Monday, the tech sector witnessed another dramatic downturn, as shares in Appen (ASX:APX) slumped by 37%, adding to the bloodshed in the market.
Read MoreIn another 'bloody Monday' news release, Liontown Resources (ASX:LTR) has joined the project review queue, resulting in the loss of a massive funding package aimed at completing the Kathleen Valley project.
Read MoreSouth32 (ASX:S32) announced on Monday that it expects its full-year group output to be 3% lower than previously forecast.
Read MoreAmerican home sales hit a 30-year low, delivering bad news for News Corp and its 61% owned Australian US property listings REA Group.
Read MoreA snapshot of the stocks on the move, featuring ABx Group (ASX:ABX), Evolution Energy Minerals (ASX:EV1) and Koba Resources (ASX:KOB).
Read MoreThe cutbacks in resources continue, especially in Western Australia, with the nickel and lithium sectors bearing the brunt of spending reductions, mine closures, and the suspension of exploration activities.
Read MoreThe Australian sharemarket increased in response to a US rally, with the S&P 500 and Nasdaq reaching record highs.
Read MoreIn a significant move towards bolstering the United States' electric vehicle (EV) infrastructure and fostering clean energy employment, the Biden-Harris Administration has unveiled a funding injection of US$46.5 million to support 30 projects across 16 states and Washington, D.C. These projects are designed to enhance the performance, resilience, and reliability of EV charging networks, promote equitable access to sustainable transportation solutions, and stimulate the growth of the clean energy workforce.
Read MoreThe S&P 500 closed at an all-time high on Friday as investors returned to buying equities in force following a short-lived market stumble to start the new year.
Read MoreThe S&P 500 closed at an all-time high on Friday as investors returned to buying equities in force following a short-lived market stumble to start the new year.
Read MoreWall Street has finally shaken free of the year-start blues to pick up again on the year-end Fed pivot surge, although not with the same conviction as support for tech stocks, especially those in AI, which helped boost expectations last week.
Read MoreThis week in the US, important economic indicators will be released, including December inflation readings and GDP estimates, while Tesla and Netflix earnings reports are expected to take center stage. Additionally, several other companies in the S&P 500 will report their earnings.
Read MoreVinci is built around the pillars of its concessions and contracting operations. From our perspective, the most attractive part of its business is the large and diversified concessions holdings.
Read MoreBehind the success of the world’s most famous quick-service chicken restaurant, the world’s second-largest pizza chain and the US’s leading Mexican-style franchise sits Yum! Brands.
Read MoreInvestment attributes that led the market in 2023 and an update on the global portfolio positioning.
Read MorePerspective on the Australian equity market and insights on movements within the portfolio and the approach to position sizing.
Read MoreBusiness Quality is a key factor in the Airlie investment process, and we typically define a high-quality business as one that can earn a decent return on its capital.
Read MoreThe impact of the slump in global thermal coal prices has become evident in the latest quarterly reports from major coal miners and exporters, Whitehaven and Yancoal Australia.
Read MoreNew Zealand-based jeweler, Michael Hill, has closed half a dozen outlets and retrenched staff and managers in response to what it calls "challenging conditions," which have adversely impacted profit margins, leading to earnings reductions of over 40%.
Read MoreA snapshot of the stocks on the move, featuring Mesoblast (ASX:MSB), Andromeda Metals (ASX:ADN) and Imugene (ASX:IMU).
Read MoreAustralian shares have surged as they followed a tech rally on Wall Street due to positive US labor data, which boosted economic optimism and downplayed concerns about Federal Reserve interest rate cuts.
Read MoreWinston Sammut, the Director Property of Euree Asset Management, gives his weekly take on the REITs sector.
Read MoreSouth Australia has quietly emerged as BHP’s (ASX:BHP) future, with the company's December quarter and half-year report hinting at a massive extension of its already huge Olympic Dam copper, gold, silver, and uranium deposit.
Read MoreSince the start of 2024, Tokyo's Nikkei market has seen remarkable action, hitting 35 and achieving new 36-year highs in the first fortnight of trading.
Read MoreTech companies, led by Apple, powered the market Thursday and pulled the major averages into positive territory.
Read MoreUS initial unemployment benefit claims remain a lower-tier economic statistic for the American economy; however, they continue to exert a larger-than-expected influence on US economic sentiment and analysis.
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