Market News

Overnight, the major averages rose, thanks to strong performance in the tech sector, as Wall Street aimed to bounce back from a challenging week. The S&P 500 gained 1.41 per cent to end at 4,763.54, and the Nasdaq Composite jumped 2.2 per cent to close at 14,843.77. It was the tech-heavy index’s best day since […]

Australian shares extended their four-day losing streak as a result of US jobs data over the weekend, which reduced expectations of rate cuts. The S&P/ASX 200 ended 0.5% lower, and the All Ordinaries saw a similar decline, resulting in ASX shares being down nearly 2% since the beginning of the year. The losses followed a

Early December quarter production reports from a string of mid-level gold miners have painted a positive picture for the industry, as they closed out a challenging 2023 with robust performance. The late surge in gold prices in 2023 had a dramatic impact on revenue and earnings across the sector. Quarterly and early half-year updates from

So, what will Perseus Mining (ASX:PRU) do now that OreCorp and its Canadian suitor, Silvercorp Metals, have changed the type of takeover offer to avoid being trapped in a scheme of arrangement imbroglio? Perseus snapped up a 19.9% stake in OreCorp in November, which appeared to block Silvercorp’s August scheme of arrangement deal (as AustralianSuper

Key points2023 turned out to be a strong year for investors with shares and bonds rallying on the back of falling inflation, the anticipation of interest rate cuts in 2024 and better than feared economic growth. There were bumps along the way, but balanced super funds returned around 9.5%.2024 is likely to see positive returns

Australian shares are sliding in the final trading hours, continuing a tough start to the year due to traders unwinding last month’s market rally. This decline can be attributed to traders selling off shares, continuing the trend from the previous month’s sharemarket rally. The S&P/ASX 200 is down 0.5%, with all sectors trading lower. Energy

Australian shares have shown a modest increase near midday, rebounding from a challenging start to the year. Traders are eagerly awaiting further information regarding global economic inflation concerns. At noon, the S&P/ASX 200 is 0.18 per cent higher at 7,502.6. Energy stocks are driving the market higher, benefiting from a recent oil price rally in

Chariot Corporation (ASX:CC9) has advised that drilling activities at the Black Mountain Project have been halted for the year-end holiday period. Shares are trading 0.9 per cent lower at 55 cents. Tempest Minerals (ASX:TEM) has executed a binding agreement for the acquisition of the Elephant project. The terms include $100,000 in cash and shares and

Western nations have found themselves in a precarious situation following China’s recent bans on the exports of specific rare earth technologies, intensifying the urgency to develop alternative sources in Australia, according to Australia’s Resources Minister, Madeleine King. Minister King is set to announce nearly $22 million in support for three research initiatives aimed at creating

In the early days of this year, short sellers have turned their attention towards lithium companies, making them some of the most heavily bet-against stocks in the sharemarket. This shift comes as prices for the crucial battery metal experience a decline, raising concerns about the sustainability and capitalization of some companies in the industry. According