Oil prices surge on Russian refinery attack
Oil prices experienced a notable surge in response to two significant developments: a decline in US crude stockpiles and a drone attack on a major Russian refinery.
Read MoreOil prices experienced a notable surge in response to two significant developments: a decline in US crude stockpiles and a drone attack on a major Russian refinery.
Read MoreOn Thursday, our major iron ore miners faced increased pressure as global prices remained under duress. During daytime trading, iron ore experienced further decline this week, with China's economic outlook once again exerting influence as futures approached the critical $US100-a-tonne mark.
Read MoreProperty problems persist for China, despite President Xi Jinping's efforts to resolve them.
Read MoreCopper prices reached an eight-month peak on Wednesday following an agreement among Chinese smelters, who account for half of global copper processing, to collectively reduce production.
Read MoreThe S&P 500 was lower overnight, pulling back from a record reached in the previous session, as Nvidia cooled off from its red-hot rally to start 2024.
Read MoreShares rose by 0.2 percent as investors monitored US inflation, interpreting it as not hindering the Federal Reserve's potential interest rate cut by mid-2024.
Read MoreDespite still-high (though easing) inflation, high interest rates, high house prices, and weak consumer spending and confidence, the globe's corporations managed to rack up an all-time high in dividends in 2023.
Read MoreOil and gas tycoon Bryan Sheffield has significantly expanded his investment in the Australian gas sector, elevating his stake in the emerging gas player Empire Energy (ASX:EEG) to over 5% overnight.
Read MoreFund Manager Chris Pedersen discusses Woodside Energy Group, Dicker Data, AGL Energy and bank valuations.
Read MoreA snapshot of the stocks on the move, featuring ABx Group (ASX:ABX), LBT Innovations (ASX:LBT) and NickelSearch (ASX:NIS).
Read MoreThe S&P/ASX 200 opened with a 0.2% increase, driven by gains in retail and healthcare sectors despite declines in energy and resources.
Read MorePanasonic Energy (Panasonic) has converted a long-standing MOU into a contract for at least 10kt of high-performance synthetic graphite to be taken over 4 years (i.e. 2.5kt/year).
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Read MoreOn Tuesday, iron ore prices displayed a distinct contrast as they rose in Singapore but dipped in the crucial Chinese market of Dalian. This shift in pricing dynamics is likely to impact sentiments surrounding major exporters like BHP, Rio Tinto, Fortescue, and Mineral Resources, who play significant roles in the iron ore trade.
Read MoreThanks to the week-long Lunar New Year break, February car sales in China fell from January and were lower over the year, with sales of conventional and New Energy Vehicles (NEVs) declining.
Read MoreUS inflation unexpectedly rose to 3.2% last month, which will likely make the US Federal Reserve reluctant to change its approach to rate cuts this year.
Read MoreStocks jumped Tuesday after fresh U.S. inflation data was about in line with expectations, clearing the way for investors to resume buying high-flying tech names such as Nvidia and Meta Platforms.
Read MoreStocks jumped Tuesday after fresh U.S. inflation data was about in line with expectations, clearing the way for investors to resume buying high-flying tech names such as Nvidia and Meta Platforms.
Read MoreBusiness conditions improved slightly in February, yet confidence dipped, according to the latest NAB survey on the Australian economy.
Read MoreRamelius Resources (ASX:RMS) recently unveiled a comprehensive 10-year mining plan for its flagship Mt Magnet operation in Western Australia.
Read MoreThe latest victim of nature's fury is Capricorn Metals' (ASX:CMM) Karlawinda gold mine, nestled in the heart of the Pilbara.
Read MoreRecent data analysis from the Australian Securities and Investments Commission (ASIC) sheds light on significant short squeeze activity that unfolded on the ASX in late February. Hedge funds made substantial adjustments to their positions, leading to the covering of nearly $1 billion worth of shorted shares and reshuffling their bets towards prominent ASX-listed companies.
Read MorePilbara Minerals (ASX:PLS) is poised to reinvigorate the market for spodumene concentrate as it gears up to resume its auctions early next week. The move comes as the company seeks to leverage price dynamics to stimulate demand in the lithium sector.
Read MoreChina's 18 top copper processors are convening tomorrow to address the burgeoning crisis in copper concentrate supplies, marking a pivotal moment for the world's largest copper processing industry. The sector, responsible for over half of global copper output in 2023, faces challenges sourcing materials amidst mining shortfalls and heightened competition from India.
Read MoreAustralian shares started trading slightly higher on Tuesday, driven by gains in banking stocks following modest movements in New York, with investors eyeing the US February CPI report for insights into future Federal Reserve interest rate decisions.
Read MoreA snapshot of the stocks on the move, featuring Resource Mining Corporation (ASX:RMI), Castle Minerals (ASX:CDT) and Aurum Resources (ASX:AUE).
Read MoreLake Resources (ASX:LKE) is seeking a rapid $20 million infusion just a week after announcing a second round of cost reductions to safeguard its prized Kachi lithium project in Argentina.
Read MoreThe S&P 500 wavered on Monday as the rally that brought the major averages to record highs cooled off. Investors also looked ahead to fresh U.S. inflation data.
Read MoreIn yet another display of stern resolve, the Chinese government is doubling down on its stance towards the beleaguered property sector, signaling a no-nonsense approach to tackling its woes head-on.
Read MoreIron ore prices have taken a nosedive, plummeting nearly 5 per cent and inching towards the $US110 a tonne threshold, as China's demand disappoints, leaving the market grappling with hefty inventories.
Read MoreMonday marked a significant reversal for major banks following Friday’s surge, but the real concern for the local market emerged with a nearly 7% plummet in iron ore prices across Asia. This downturn triggered further declines in the shares of industry giants BHP, Rio Tinto, and Fortescue, compounding their losses from the previous week.
Read MoreJapan's stock market sold off steeply on Monday as investors assessed better economic growth data and concluded that it could see the end of the current super easy monetary policy stance from the Bank of Japan at its two meetings next week.
Read MoreThe S&P 500 wavered on Monday as the rally that brought the major averages to record highs cooled off. Investors also looked ahead to fresh U.S. inflation data.
Read MoreThe Australian sharemarket experienced its most significant sell-off in over a year, with the S&P/ASX 200 Index tumbling 1.8% from a record high, led by declines in the materials and energy sectors alongside profit-taking in banks.
Read MoreThe prospects for Panoramic Resources (ASX:PAN) and its beleaguered Savannah nickel, copper, gold mine have taken a significant hit with the recent appointment of receivers, adding to the company's existing challenges following the earlier appointment of administrators.
Read MoreChina may have boosted iron ore imports to over 209 million tonnes for the first two months of this year. However, recent data confirms that weak demand from steel mills has led to a buildup of ore shipments at the country’s 45 ports.
Read MoreThe Australian sharemarket experienced a decline at the opening, influenced by a pause in the bull market on Wall Street the previous Friday. Particularly, the materials, healthcare and energy sectors performed poorly, each dropping over 1%. BHP, a major index constituent, experienced a percentage loss. CSL, a blood plasma collector, also saw a decline of 1.8%.
Read MoreA snapshot of the stocks on the move, featuring TASK Group Holdings (ASX:TSK), Reach Resources (ASX:RR1 & RR1O) and Archer Materials (ASX:AXE).
Read MoreStocks retreated on Friday, closing out a turbulent week as Nvidia’s incredible run took a breather.
Read MoreChina can attribute the better-than-forecast seasonal rise in consumer price inflation in February to the Lunar New Year break. However, the holiday break, known for significant spending on food and travel, had no impact on the almost endemic deflation in producer prices, which continued to decline for yet another month in February.
Read MoreDespite gold hitting a series of record highs last week, the precious metal is doing it without the support of most investors, as the outflow of metal from metal-backed Exchange Trading Funds (ETFs) continued in February.
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