Building approvals plunge
As expected, building approvals continued their volatility as a statistical series, with a drop of 6.5% in June, after May’s surprise 5.7% gain.
Read MoreAs expected, building approvals continued their volatility as a statistical series, with a drop of 6.5% in June, after May’s surprise 5.7% gain.
Read MoreThe hubris of McDonald's management, in believing it was somehow immune to consumers feeling the pinch of higher prices, has been shattered after the company reported its first decline in global sales since 2020.
Read MoreA snapshot of the stocks on the move, featuring African Gold (ASX:A1G), Regener8 Resources (ASX:R8R) and Bastion Minerals (ASX:BMO).
Read MoreThe Australian share market experienced a sharp downturn, primarily driven by a significant sell-off in the mining sector. Mining giants, including BHP and Fortescue Metals, suffered substantial losses, with the latter plunging by 8.6% following a massive block trade.
Read MoreJustin Virgin – Executive Director – Terrain Minerals (ASX:TMX) is a West Australian based minerals exploration company focused on the world class mineral provinces in Western Australia. Terrain is actively looking for opportunities within other states of Australia and internationally.
Read MoreJoe David – CEO – Elementos (ASX:ELT) is committed to the safe and environmentally conscious exploration, development, and production of its global tin projects. The company owns two world class tin projects with large resource bases and significant exploration potential in mining-friendly jurisdictions.
Read MoreAustralian Foundation Investment Co (AFIC), the country's largest listed investment company, has reported solid financial results for the 2023-24 financial year, while also revealing ambitious plans for international expansion.
Read MoreViva Energy Group (ASX:VEA), the Australian licensee of Shell, has reported a 5.7% increase in fuel sales volume for the six months ending June 30. This growth trajectory was primarily driven by a robust performance in the commercial and industrial sector, which offset a decline in the traditionally higher-volume retail segment.
Read MoreThe Australian Prudential Regulation Authority (APRA) has delivered a decisive blow to the banking sector, rejecting calls for a relaxation of prudential restrictions on home loans. Led by ANZ, major banks and their financial media cheerleaders had mounted a concerted campaign to loosen the regulatory grip on mortgage lending.
Read MoreInvestors remained cautious as markets hovered near flat ahead of some key big tech earnings numbers due later this week and the Fed policy statement due out on Wednesday US time.
Read MoreOn the face of it, Brazilian iron ore miner Vale saw its second-quarter net profit soar to US$2.77 billion in the three months to June as it boosted production and sales and took advantage of firmer iron ore and copper prices.
Read MoreIt has been a favorable month for America’s smallest stocks as investors seek likely beneficiaries of potential interest rate cuts and reconsider investments in the largest U.S. corporations.
Read MoreFour of the so-called Magnificent Seven technology stocks that have driven the US market rally for the past nine months ended the week in correction territory, having fallen by more than 10 percent from recent peaks.
Read MoreDespite a less than exciting lift in production guidance for 2024-25, Ramelius Resources (ASX:RMS) shares rose 3% at one stage yesterday as world gold prices surged during Asian trading, once again reclaiming the US$2,400 level.
Read MoreKogan's (ASX:KGN) release of its pre-results update offered a mixed bag. While the company saw strong growth in some areas, weak consumer activity squeezed others, leading to a volatile day for its shares.
Read MoreInvestors remained cautious as markets hovered near flat ahead of some key big tech earnings numbers due later this week and the Fed policy statement due out on Wednesday US time.
Read MorePatrick Duffy – CEO & Managing Director – Sunstone Metals (ASX:STM) is an ASX-listed mineral exploration company with two world-class gold and copper assets in Ecuador. Sunstone’s two porphyry projects are the Bramaderos Gold-Copper Project and the El Palmar Gold-Copper Project.
Read MoreNeil McIntyre – CEO – Diatreme Resources (ASX:DRX) is an emerging Australian producer of mineral and silica sands based in Brisbane. Our key projects comprise the Northern Silica Project and Galalar Silica Sand Project in Far North Queensland, located next to the world's biggest silica sand mine at Cape Flattery.
Read MoreBryan Quinn – CEO & Managing Director – Aurelia Metals (ASX:AMI) is an Australian mining and exploration company with a highly strategic landholding, and two operating mines in New South Wales (NSW). The Peak Mine is in the Cobar Basin in western NSW, and the Dargues Mine is in south-eastern NSW. The Hera mining operation, also located in the Cobar Basin, has ceased and the surface facilities have been placed into care and maintenance.
Read MoreDavid Flanagan – Managing Director – Arrow Minerals (ASX:AMD) is actively exploring the Simandou North Iron Project (SNIP) in Guinea, West Africa with the intention of discovering and developing a direct shipping grade iron mining operation as soon as possible. The Company intends to take full advantage of the multi-user rail infrastructure currently being developed for the benefit of the Winning Consortium and the SimFer JV due for commissioning from late 2025.
Read MoreGregory Hall – CEO & Managing Director – Alligator Energy (ASX:AGE) is an Australian, ASX-listed, exploration company focused on uranium and energy related minerals, principally cobalt-nickel. Alligator’s Directors have significant experience in the exploration, development and operations of both uranium and nickel projects (both laterites and sulphides).
Read MoreThe Australian share market surged today, buoyed by Wall Street’s recovery following recent inflation data.
Read MoreFriday's gains on Wall Street were insufficient to erase the damage caused by Wednesday's market downturn.
Read MoreThis week marks the busiest of the S&P 500 earnings season, with 171 companies scheduled to report, including 10 Dow 30 components. Among the most anticipated are the "Magnificent Seven" tech giants, with Microsoft leading the pack on Tuesday followed by Meta Platforms on Wednesday. Amazon and Apple will both report on Thursday.
Read MoreIron ore prices experienced a volatile week, with values fluctuating near the psychologically important $US100 per tonne mark on the Singapore Exchange. While the commodity managed to close at $US102.40 on Friday, a slight uptick from the previous week's $US104.52, market sentiment remains subdued.
Read MoreThe US oil industry may be nearing a turning point as evidence suggests a slowdown in the aggressive rig cuts that have characterized the past year. Last week's unexpected increase in the oil rig count by five to 482 marks the lowest level in over two years, according to Baker Hughes. While this number is still notably lower than the peak of 511 rigs seen in late January, it signals a potential bottoming out of the downward trend.
Read MoreA snapshot of the stocks on the move, featuring Aruma Resources (ASX:AAJ), Terra Uranium (ASX:T92) and New Age Exploration (ASX:NAE).
Read MoreLocal sharemarkets are poised for heightened volatility this week as investors grapple with a confluence of economic uncertainties.
Read MoreIndonesia is attempting to reduce Chinese investment in new nickel mining and processing projects to help its industry qualify for US tax breaks, as the Biden administration seeks to limit Beijing's influence in the electric vehicle supply chain.
Read MoreThe rise of the S&P 500 has mirrored exceptional US economic growth, making it tempting to see it as a direct reflection of that prosperity.
Read MoreThe rotation into cyclicals and small caps continued on Friday, underpinned by encouraging inflation data. All the major indices and the small cap Russell 2000 finished the day up strongly.
Read MoreThe rotation into cyclicals and small caps continued on Friday, underpinned by encouraging inflation data. All the major indices and the small cap Russell 2000 finished the day up strongly.
Read MoreAustralia is bracing for a tumultuous week as crucial economic data is set to be released. The June quarter and monthly inflation figures are expected to be particularly challenging, with economists predicting a surge in prices. This could significantly impact the Reserve Bank of Australia's (RBA) monetary policy stance.
Read MoreChina's economic engine sputtered last week as shares plummeted 3.7%, a stark reflection of investor uncertainty over the government's ability to reignite growth. The Third Plenum, widely anticipated to deliver a decisive stimulus package, fell short of expectations, sending shockwaves through the market.
Read MoreGold prices rallied on Friday, recovering from a sharp decline the previous day as US inflation data came in line with expectations. Treasury yields fell, boosting the appeal of non-interest-bearing gold.
Read MoreThe coming week promises to be a tempestuous one for global markets, as a confluence of economic indicators, central bank decisions, and corporate earnings collide. Investors and policymakers alike will be closely monitoring developments across multiple fronts.
Read MoreDr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses developments in investment markets over the past week, economic activity trackers, major global economic events and Australian economic events.
Read MoreChris Stevens – CEO – Coda Minerals Limited (ASX:COD) is the 100% owner of the Elizabeth Creek Copper Project in South Australia. Coda has over 1 million tonnes of contained copper and cobalt at Elizabeth Creek, where it is simultaneously advancing economic and technical studies as well as an ambitious copper exploration portfolio.
Read MoreMark Stowell – Non-Executive Chairman – Southern Hemisphere Mining Limited (ASX:SUH) is an ASX-listed, successful critical minerals explorer in Chile with Copper, Gold, Moly, Manganese and Lithium assets. Its flagship asset is at Llahuin (north of Santiago) – host to a substantial growing copper resource currently 680,000t CuEq.
Read MoreCristian Moreno – Managing Director – Torque Metals Limited (ASX:TOR) is a smart exploration company with a proven discovery methodology combining drilling results with machine learning algorithms and geological interpretation.
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