Market News

This article was originally published on 11 December 2023. Last Monday, despite reaching all-time highs in Asian markets, gold prices finished the week down more than 3.3%, closing at approximately $2,004 an ounce for the Comex front month and $2,020 for the continuous contract close. Some reports even indicated that gold touched $2,150 an ounce, […]

This article was originally published on 8 December 2023. The electric vehicle (EV) industry, once riding high on optimism and sky-high valuations, has hit a roadblock as investors and car manufacturers reevaluate their strategies amidst a slowdown in growth. Factors ranging from rising interest rates to evolving EV technology and consumer preferences are being cited

This article was originally published on 14 December 2023. Mid-Year Economic and Fiscal Outlook – budget deficits revised down, immigration revised up but projected to have peaked Key points:The Federal Government’s Mid-Year Economic and Fiscal Outlook (MYEFO) revised its budget deficit projections down sharply largely reflecting stronger revenue and some modest spending savings.The deficit for

A selection of some of the Materials companies that presented with us in 2023. Los Cerros (ASX:LCL) – Jason Stirbinskis – MD – Los Cerros Limited operates as a gold and copper exploration company in Colombia. Mamba Exploration (ASX:M24) – Mike Dunbar – MD – Mamba Exploration Limited is a Western Australian focused gold, nickel and copper

This article was originally published on 13 December 2023. China’s leaders have once again demonstrated their lack of clarity regarding the policies needed to steer the country’s economy away from the tightening grip of deflation, weak demand, and uncertain confidence. Last Friday, the Communist Party’s Politburo delivered a burst of Communist eco-speak, promising prudent and

A year ago, Perth-based transport group CTI Logistics upgraded its pre-tax earnings outlook for the December 2022 half year to a 90 per cent from the previous estimate of 60 per cent. As it was, 2022-23 pre-tax earnings grew more than 81 per cent to $15.68 million, but a slowdown in the six months to

Pilbara Minerals (ASX:PLS) is set to significantly reduce processing costs and carbon emissions with a new three-stage energy strategy unveiled on Thursday. Pilbara aims to achieve an 80% reduction in emissions intensity by 2030 compared to 2023, contingent on the mix of energy sources adopted in the crucial third stage. “This initiative aligns with Pilbara

Australian stocks pulled back from their highest levels in ten months, echoing a pause in the upward momentum seen on Wall Street. Notably, the technology and consumer discretionary sectors experienced the most significant declines. The S&P/ASX 200 index retreated by 0.5%, or 33.8 points, to reach 7504.1, following a 0.7% increase in the preceding session.

It appears to be a case of desperation taking over the infirm, and it’s a contender for the “dud deal of 2024” if it materializes. Struggling Paramount, the owner of the Ten Network in Australia, has engaged in talks with the unstable Warner Brothers Discovery (WBD) regarding a potential merger. Paramount Global CEO, Bob Bakish,

Immutep (ASX:IMM; NASDAQ:IMMP) announces constructive feedback has been received from the Paul-Ehrlich-Institut (PEI), a German regulatory authority and part of the Committee for Medicinal Products for Human Use (CHMP), regarding the planned TACTI-004 Phase III trial of efti for first line treatment of metastatic non-small cell lung cancer. The PEI acknowledged the good safety profile