Oil rebounds despite IEA’s trimmed forecast
Oil rebounded Friday even as the International Energy Agency trimmed its forecast rise in 2024 global oil demand.
Read MoreOil rebounded Friday even as the International Energy Agency trimmed its forecast rise in 2024 global oil demand.
Read MoreGold prices surged over $2,400 an ounce in early trading on Friday, hitting successive, never-before-contemplated highs in the wake of the very dovish statements from the European Central Bank and its head, Christine Lagarde, about a potential June rate cut.
Read MoreConcerns have risen after the Iranian retaliation against Israel and weaker than expected bank earnings overshadowed US markets on Friday.
Read MoreReality struck Wall Street on Friday from various directions, setting up a nasty opening for the ASX this morning. Friday night’s share price futures platform had the ASX 200 staring at a 50-point loss when trading resumes this morning.
Read MoreMounting concerns about Iranian retaliation against Israel and weaker than expected bank earnings overshadowed US markets on Friday.
Read MoreThe US March quarter reporting season accelerates this week with three more banks and Netflix down to be the most watched filers.
Read MoreWhat's ahead this week for markets? A lot of headaches, in addition to the usual flow of reports and data.
Read MoreShares in the oil major BP surged by 3.4% on Friday following reports that the United Arab Emirates' (UAE) state-owned oil company had recently considered purchasing the UK-based company but withdrew from preliminary talks.
Read MoreTwo weeks after experiencing a price slide in late March and early April, world iron ore prices made a remarkable recovery last week, registering a substantial 15% gain.
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 MoreA respected industry forecaster has strongly suggested that peak steel demand in China may have already occurred.
Read MoreA significant week awaits Tesla as the company prepares to unveil its quarterly financials on Wednesday, potentially mirroring the outcomes of the same quarter in 2023.
Read MoreIt’s goodbye, Boral (ASX:BLD), as the company’s briefly rebellious independent directors accept a remade offer from Seven Group Holdings, the largest shareholder.
Read MoreMoody’s gave Ansell approval this week following the company’s proposed $641 million acquisition of Kimberley-Clark’s PPE business.
Read MoreGavin Rutherford – General Manager – Western Yilgarn (ASX:WYX) is an early-stage mineral exploration company, engaged in the evaluation and development of highly prospective projects across WA.
Read MoreJonathan Shellabear – Managing Director and CEO – Nico Resources (ASX:NC1) is focused on the Wingellina project, which is a development-ready, large-resource project, with a demonstrated ability to produce nickel and cobalt sulphates, sulphides and hydroxides.
Read MoreDr Leearne Hinch – CEO – INOVIQ (ASX:IIQ) is developing and commercialising a portfolio of diagnostic and exosome-based products for the earlier detection, diagnosis, prognosis and monitoring of cancer and other diseases.
Read MoreA snapshot of the stocks on the move, featuring NewPeak Metals (ASX:NPM), HighCom (ASX:HCL) and
Estrella Resources (ASX:ESR).
Australian shares slipped in the final session of the week as US Federal Reserve officials emphasised the need for patience in addressing global inflation concerns. At 11:30am, the S&P/ASX 200 is 0.27 per cent lower at 7,792.50, with most sectors trending downwards, particularly Energy.
Read MoreA pre-IPO interview with Cameron Woodrow, the Executive Director and CEO of Far Northern Resources Limited (ASX:FNR). Mr Woodrow discusses development of the company's three gold and base metals projects in the Northern Territory and north Queensland.
Read MoreWinston Sammut, the Director Property of Euree Asset Management, gives his weekly take on the REITs sector.
Read MoreTech stocks led the market back into positive territory after the previous sessions inflation led sell off after the March PPI number came in below estimates providing a positive data point for inflation concerns.
Read MoreTech stocks led the market back into positive territory after the previous sessions inflation led sell off after the March PPI number came in below estimates providing a positive data point for inflation concerns.
Read MoreShares rebounded on Thursday despite losses in technology and property sectors following higher-than-expected US inflation data, which led to a 0.4% decline in the S&P/ASX 200 index.
Read MoreWe witnessed the typical knee-jerk reaction from traders on Thursday in response to Northern Star Resources' (ASX:NST) swift update on its March quarter gold sales performance.
Read MoreDeflation revisited China's economy in March, following its disappearance in February. China's consumer inflation decelerated to an annual rate of just 0.1% in March from the surprising 0.7% reading in February.
Read MoreA snapshot of the stocks on the move, featuring Krakatoa Resources (ASX:KTA), Cosmos Exploration (ASX:C1X) and Vulcan Energy Resources (ASX:VUL, FSE:VUL).
Read MoreAt 11:30am, the S&P/ASX 200 is 0.86 per cent lower at 7,781.00, as investors sold off interest rate-sensitive sectors such as property, tech, and banking stocks due to the postponement of anticipated US interest rate cuts until November.
Read MoreNEXTDC (ASX:NXT) is seeking $1.3 billion in a new capital raising to finance its growing data center pipeline and accelerate the expansion of its extensive data center networks in Sydney and Melbourne.
Read MoreHere's a significant warning for Elon Musk, Tesla, and investors banking on robotaxis to compensate for shelved Tesla EV variants.
Read MoreHotter than expected March inflation data triggered a wave of selling in US markets with the 10 year Treasury yield soaring back above 4.5 per cent.
Read MoreMarch's US Consumer Price Index shouldn’t come as much of a surprise to financial markets. After all, it merely continued the trend established in the January data and persisted into February – that inflation was lingering longer than desired.
Read MoreChina's car industry surged in March as demand recovered from weak levels in January, followed by a holiday-dampened February, propelling output higher.
Read MoreHotter than expected March inflation data triggered a wave of selling in US markets with the 10 year Treasury yield soaring back above 4.5 per cent.
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.
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