Market News

As the world eagerly anticipates Santa Claus’ arrival in just one week, investors are already feeling the effects of a significant financial event: the recent rate cut decision by the Federal Reserve. This move is set to dominate headlines not only this week but also as we transition into early 2024, amid the post-holiday hangovers […]

The Dow Jones Industrial Average closed higher Friday after a whipsaw session, where it marked a fresh intraday record, and the tech-heavy Nasdaq-100 set a record close. All three major averages scored their seventh-straight winning week. The Dow closed up 56 points, or 0.2 per cent, at 37,305.16. The S&P 500 slipped 36 points, or

Note: This transcript has been AI generated. Paul Sanger: We’re talking again today with Winston Summit, an investment manager at URI Asset Management. Winston, welcome back. Winston Sammut: Great to be here. Thank you. Paul Sanger: Okay, Winston, lot going on this week. Let’s kick things off today by getting your thoughts and views on the news

Tamboran Resources (ASX:TBN) enters a Strategic Partnership with Liberty Energy to deliver modern stimulation and completion equipment to the Beetaloo Basin. In response, Tamboran Managing Director and CEO, Joel Riddle, said, “Tamboran continues to partner with the best-in-class operating and technology companies to support the development of our assets.” Shares are trading 2.24 per cent

At noon, the S&P/ASX 200 is 0.84 per cent higher at 7,439.90. Overnight, the Dow Jones Index reached a new record high, closing at 37,248 points with a 0.4% gain, while the Nasdaq Index increased by 0.2%, and the Russell 2000 small-cap index continued its recent rally, surging by 2.6%. Concurrently, the yield on US

The Dow Jones Industrial Average edged higher on Thursday a day after closing above 37,000 for the first time ever as the 10-year Treasury tumbled below 4 per cent and a surprise gain in retail sales gave investors further confidence 2024 would bring a soft economic landing. The 30-stock Dow closed at a record high,

US consumers reopened their wallets and dusted off their credit cards last month as retail sales increased by a stronger-than-forecast 0.3%. In fact, November’s rise, following October’s 0.2% fall, surprised most economists who had predicted another slide of 0.1%. The headline rise was not the only strength of the month’s sales performance, as spending on

Australian unemployment rose to an 18-month high of 3.9%, according to the latest labor force report from the Australian Bureau of Statistics on Thursday. However, focusing solely on that figure, as some reports did, was highly misleading. In fact, the ABS data showed that the size of the Australian workforce surged to a record 14.257

As we near the end of a volatile macroeconomic year, we look at some of the interesting trends in global real estate and consider what’s to come. Click here to visit the Quay Global Investors website. Relative to equities, global real estate has rarely been this cheap Source: Bloomberg, Quay Global Investors What it means

In November, Australian employment grew by 61,500 jobs, causing the unemployment rate to rise slightly to 3.9% from the previous month’s 3.8%. This increase led to a surge in the Australian dollar ($A), reaching a peak of US66.86¢, the highest level since late July. The Reserve Bank is closely monitoring the job market as it