Equities were sold off Friday as major Wall Street banks kicked off the earnings season with disappointing results, stoking worries about the strength of the upcoming earnings season at a time when inflation jitters remain front and center.
Anticipating next week’s economic figures. Stay informed on the latest financial updates and trends.
Silver shines with an 8% gain in March, signaling potential outperformance over gold, bolstered by demand in tech and green energy sectors.
Equities recovered from yesterdays inflation nerves, led by tech, as data showing cooling producer prices eased inflation jitters somewhat just a day ahead of earnings from major Wall Street banks.
XJO red for day but rebounds from early lows. Netwealth and Hub24 weaker. Miners and Energy stronger
Equities pared back steep early losses to only finish down 1% after hotter-than-expected inflation data threw cold water on hopes that the Federal Reserve would begin cutting interest rates as early as June.
The Australian share market experienced a notable uplift, primarily driven by a surge in mining stocks amidst optimistic forecasts for iron ore consumption.
EOS’s record revenue of $219.3 million, along with its successful A$35 million institutional placement, underscores its robust financial health and growth trajectory. The company’s strategic focus on expanding its defense technology portfolio, especially in counter-drone and space warfare,
Equities closed slightly higher as investors marked time ahead of key inflation data being released tonight. Treasury yields traded lower ahead of the data, giving light relief to the equity market.
Australian shares rise, led by mining sector gains amid optimistic forecasts for iron ore demand. Major miners like Rio Tinto and BHP showcase significant growth.
The recent rain on the eastern seaboard and central-west NSW has secured enough moisture for winter crops to be planted and a surge in demand for Nufarm’s products following high rainfall in the East Coast post-Christmas.
Equities closed flat overnight amid cautious trading ahead of the latest inflation reading as well as the start of the first-quarter earnings season later this week.
