Iron ore prices surge with Chinese steel mills’ demand. Economists debate Australia’s rate-hike. Investors keenly await US Fed’s updated quarterly rate projections.
Iron ore prices drop as China’s property crisis deepens; mining giants BHP, Fortescue, and Rio Tinto face losses. RBA warns of impacts on Australia’s growth.
A recent rally in the underlying coal price and broker upgrades for Stanmore have seen consensus price targets shift to around $4, We are generally bullish the energy sector and see SMR as a short term buy with a 10% trailing stop
ASX sectors plummet with tech leading the decline. Whitehaven Coal’s potential Queensland mine acquisitions stir controversy amid investor concerns over market transparency and buy-back suspension.
The ASX witnessed its largest surge in 10 months, driven by positive US data. Mining giants and major banks led the gains, defying market expectations.
MPC’s CEO discusses ASX dynamics on Ausbiz, Australian job growth surprises, and rising oil prices pose challenges for global economies.
Today’s ASX performance showcased gains in materials and energy, reflecting broader economic positivity, while uranium stocks rally following a promising World Nuclear Association report.
ASX mirrored Wall Street, tech and IGO affected. Dreadnought, Monadelphous, and Pact Group made headlines. CPI’s influence on market sentiment remained a key talking point.
Today’s economic landscape saw resilient business conditions, ASX fluctuations, and mining magnates influencing West Australian asset acquisitions, highlighting the power plays in the financial world.
Amidst global shifts, Japan’s banking sector reveals surprising trends. As yields rise, investors watch closely, anticipating the next big move in the Land of the Rising Sun.
OPEC+ extended supply cuts, influencing oil gains. Chevron faced potential LNG strikes in Australia. Cryptocurrency volumes dipped, and Platinum Asset Management reported significant fund outflows in August.
Australian shares declined amid strong GDP growth. Energy stocks benefited from high oil prices, while coal miners gained from NSW royalty hikes.
