Founded in 2018, Vulcan is building the world’s first integrated sustainable lithium and renewable energy business to decarbonise battery production. Vulcan’s Lionheart Project, located in the Upper Rhine Valley Brine Field bordering Germany and France, is the largest lithium and geothermal resource in Europe and a tier-one lithium project globally.
US stocks were broadly positive overnight, however the MAG7 concentration worked against the indices to see the market give up that early strength and close lower
The S&P/ASX 200 Index maintained its 1.4% gain, trading 123.8 points higher at 8327.1 by mid afternoon Thursday, while the All Ordinaries rose 1.3%. All 11 sectors advanced, led by banks and technology stocks, as global markets rallied on a softer US consumer price index reading, easing inflation concerns.
Stocks surged on Wednesday after December’s consumer price index (CPI) report showed core inflation unexpectedly eased, while major U.S. banks posted robust quarterly earnings.
The Dow Jones Industrial Average jumped 703.27 points (1.65%) to 43,221.55, the S&P 500 rose 1.83% to 5,949.91, and the Nasdaq Composite climbed 2.45% to 19,511.23—the best session for all three indices since November 6.
The Australian sharemarket reversed earlier gains to close marginally lower on Wednesday, with the S&P/ASX 200 slipping 0.04% (3.5 points) to 8227.5. The All Ordinaries fell similarly, reflecting a subdued trading session as investors awaited key US inflation data.
Stocks fell overnight, giving back early gains on cooler than expected inflation data, as profit taking continued in the Mega-cap “Magnificent 7” stocks
The Australian sharemarket edged higher on Tuesday, rebounding from a two-week low as bargain hunters entered the market. The S&P/ASX 200 Index rose 0.3%, or 27.2 points, to 8219 by mid-afternoon, with nine of 11 sectors posting gains. The All Ordinaries gained 0.4%. However, trading volumes remained thin.
Stocks closed higher after cutting losses Monday as a jump in cyclical stocks including energy helped offset a rotation out of growth stocks including tech amid growing worries about a Federal Reserve pause just days ahead of key inflation data.
The Australian sharemarket extended losses on Monday following a surprise uptick in US jobs data that dashed hopes for an imminent Federal Reserve rate cut. By late afternoon, the S&P/ASX 200 index had dropped 1.3%, or 111.5 points, to 8182.6.
Stocks fell sharply Friday, after a stronger-than-expected jobs report for December stoked fears of a prolonged Federal Reserve pause on rate cuts, sending Treasury yields sharply higher.
Australian shares dropped on Friday, led by declines in the banking and consumer staples sectors. The S&P/ASX 200 Index reversed early gains, down 0.5% to 8287.1
