Oil prices steady near two-month high
Oil prices remained stable near a two-month high, as conflicting market signals emerged, with weaker demand in Asia balancing out a significant drop in US crude stockpiles.
Read MoreOil prices remained stable near a two-month high, as conflicting market signals emerged, with weaker demand in Asia balancing out a significant drop in US crude stockpiles.
Read MoreA snapshot of the stocks on the move, featuring Clinuvel Pharmaceuticals (ASX:CUV), Mt Malcolm Mines (ASX:M2M) and Auric Mining (ASX:AWJ).
Read MoreAt 11:30am, the S&P/ASX 200 is 0.05 per cent lower at 7,827.60, due to declines in mining and property stocks, despite earlier gains in the week.
Read MoreThe European Central Bank needs to see more robust evidence that inflation is steadily moving towards the 2 percent target before contemplating additional interest rate cuts, ECB President Christine Lagarde stated.
Read MoreWinston Sammut, the Director Property of Euree Asset Management, gives his weekly take on the REITs sector. Topics discussed include: US market highs, the possibility of rate rises, and Australian property news.
Read MoreThe European Union will start imposing provisional countervailing duties on imports of electric vehicles (EVs) from China today, July 5, while negotiations with China continue for a more permanent arrangement.
Read MoreEuropean markets closed higher as the US market was closed for the Independence Day Holiday and the UK headed to the polls.
Read MoreEuropean markets closed higher as the US market was closed for the Independence Day Holiday and the UK headed to the polls.
Read MoreAustralia’s plan to halve the number of net migrants entering the country may not be enough to curb still-rising inflation, economists say.
Read MoreRecent rumours swirling around Santos (ASX:STO) suggest a potential takeover bid by Middle Eastern giants Saudi Aramco and Abu Dhabi National Oil Co. However, market analysts remain sceptical about the likelihood of such a deal materializing.
Read MoreAt 11:35am, the S&P/ASX 200 is 1.08 per cent higher at 7,823.40, buoyed by a strong performance in New York ahead of the July 4 holiday.
Read MoreA snapshot of the stocks on the move, featuring Arafura Rare Earths (ASX:ARU), Superior Resources (ASX:SPQ) and Aeris Resources (ASX:AIS).
Read MoreLendlease's (ASX:LLC) $1.3 billion "get out of jail" sale of its master-planned retirement villages to a joint venture between Stockland and Supalai is in trouble with the competition regulator. The ACCC has raised concerns about the deal.
Read MoreAlkane Resources (ASX:ALK) has confirmed that its Tomingley Gold Mine in central western NSW met its reduced guidance estimate for the 2023-24 financial year after a slower-than-predicted expansion ramp-up in the final quarter of the year.
Read MoreUniversal Hydrogen, a start-up focused on hydrogen-powered aviation and backed by Fortescue, has shut down after depleting nearly $150 million in investor funds. Despite the company’s achievements, including a successful test flight of a hydrogen fuel cell-powered plane last year, it struggled to secure additional funding in a tough venture capital market.
Read MoreFinal opinion polls have confirmed Britain’s Conservative Party government is on course for a record-breaking defeat after all but conceding defeat a day before the election (tonight, Australian time).
Read MoreMarkets continued to march upwards in light trade on a shortened trading session ahead of the Independence Day holiday. Megacap Tech names dominated the tape and set the positive tone for the broader market.
Read MoreVirgin Australia is restructuring its volume bonuses for travel agencies as part of a broader strategy to tighten costs within the airline industry. Despite the belt-tightening, sources indicate that some agencies could see an increase in their funds.
Read MoreMarkets continued to march upwards in light trade on a shortened trading session ahead of the Independence Day holiday. Megacap Tech names dominated the tape and set the positive tone for the broader market.
Read MoreOil prices held firm near their highest levels in two months, driven by indications of a major reduction in US crude inventories.
Read MoreFund Manager Chris Pedersen discusses Baby Bunting Group, Origin Energy and Ventia Services Group.
Read MoreUnder pressure, Australian shoppers have again demonstrated their savvy by chasing discounts in May, just as they did last November.
Read MoreDr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses retail sales and building approvals.
Read MoreA snapshot of the stocks on the move, featuring Waratah Minerals (ASX:WTM), AML3D (ASX:AL3) and Sayona Mining (ASX:SYA; OTCQB:SYAXF).
Read MoreIn May, Australian retail trade surged by 0.6 percent, surpassing expectations with strong year-on-year growth of 1.7 percent, attributed partly to early end-of-financial year promotions.
Read MoreCashed-up Ramelius Resources (ASX:RMS) continues to raise eyebrows in the market as it stalks Spartan Resources, a smaller WA gold mining rival.
Read MoreAll three major indices rallied and bond yields fell after Federal Reserve chairman Jerome Powell said the disinflationary path is intact, opening the door to a pivot to rate cuts later this year.
Read MoreNew figures released on Tuesday have further confounded views about the health of the US economy and labor market, which appear to be stronger than expected, with an unexpected rise in vacancies in May following a deeper-than-reported fall in April.
Read MoreShares in Tesla rose 10% on Tuesday after it revealed a quarterly sales performance that wasn’t as bad as analysts and others had forecast.
Read MoreAll three major indices rallied and bond yields fell after Federal Reserve chairman Jerome Powell said the disinflationary path is intact, opening the door to a pivot to rate cuts later this year.
Read MoreChinese electric vehicle manufacturer Zeekr, a subsidiary of Geely, reported a record-breaking month in June, delivering 20,106 vehicles.
Read MoreThey never learn, do our big banks? Even though they drove the market’s modest gains in 2023-34, keeping it from a rotten, negative performance, one—the ANZ—did so with unclean hands.
Read MoreThe ASX experienced its second consecutive losing session of the new financial year, with the S&P/ASX 200 closing 0.4% lower due to interest rate concerns.
Read MoreAt one stage in 2023, Liontown Resources (ASX:LTR) announced it had secured a $A1.13 billion funding package to bring its Kathleen Valley spodumene mine in Western Australia into production.
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 MoreIn a surprise announcement, Bendigo and Adelaide Bank (ASX:BEN) has announced that CEO Marnie Baker is stepping down after 35 years with the bank, the last six as CEO. She will be replaced by the bank's current Chief Customer Officer, Richard Fennell, at the end of August.
Read MoreBYD, the world's biggest maker of electrified vehicles, has revealed record sales for June and the second quarter. However, this growth occurred at a slowing pace, suggesting that China's electrified vehicle market is losing momentum.
Read MoreTroubled lithium wannabe Liontown Resources (ASX:LTR) had trading in its shares halted Tuesday as rumors spread that it’s facing further funding pressures for its almost finished Kathleen Valley Lithium Project in Western Australia.
Read MoreThe ASX 200 is slightly down by 0.1% near midday, with losses in major banks like National Australia Bank and Commonwealth Bank offsetting gains in energy stocks due to stable oil prices amid concerns over Hurricane Beryl. The broader market remains subdued, contrasting with gains in New York and a rebound in French stocks following the latest parliamentary election results.
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