July 4, 2024

closing bell

Closing Bell 4th July: Santos rallies on takeover interest. ASX rise continues as materials and energy gain

Australian shares rose 1% on Thursday afternoon, supported by an ongoing bull market in New York ahead of the Independence Day holiday. Santos shares increased 4% to $8 following reports from Bloomberg that Saudi Aramco and Abu Dhabi National Oil Co are exploring bids for Santos to expand their overseas gas investments. Analysts highlighted potential challenges, including the need for FIRB clearance and control complexities.

Jonathan Tacadena July 4, 2024

morning report

Pre-Market Pulse 4th July – Another day, another record close despite economy weakening

Equities notched another record close overnight, in a holiday-shortened session as a slew of weaker economic data boosted hopes for sooner rate cuts, a day ahead of the 4th of July holiday.

Mark Gardner July 4, 2024

Closing Bell 4th July: Santos rallies on takeover interest. ASX rise continues as materials and energy gain

Pre-Market Pulse 4th July – Another day, another record close despite economy weakening

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