Market News

Patrys (ASX:PAB), a therapeutic antibody development company, announced that its Contract Manufacturing and Development Organisation (CDMO) has confirmed that a manufacturing slot for the GMP production of PAT-DX1 will be available in Q1 CY 2024. The Company is confident that the drug material from this manufacturing run will enable the Company to initiate its first-in-human […]

Wall Street closed at a 52-week high as traders celebrated a decrease in core US inflation to 4 percent year-on-year in November, excluding food and energy prices. Bond yields declined as mega-cap stocks surged, indicating anticipation of rate cuts in 2024. ANZ noted that there was limited market reaction to the US consumer price inflation

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 flexible fiscal stimulus. Late Tuesday night, State-run TV reported

Air New Zealand (ASX:AIZ) has adjusted its first-half earnings guidance due to persistent demand weakness, as softer leisure travel compounds the weaker domestic corporate and government trends. The airline stated on Wednesday that it anticipates earnings to be “around the lower end of its $NZ180 million to $NZ230 million range initially provided on October 12th.”

As expected, the improvement in US consumer inflation slowed in November, with the annual rate dipping to 3.1% from 3.2% after a 0.1% rise in the month. The month-to-month rise was a bit of a surprise, as economists had forecast no change. The report followed data last Friday showing job gains accelerated in November to

RFC Ambrian’s Managing Director Cian Caffrey will talk all things lithium with special guest and battery minerals expert Steve Promnitz, the Managing Director of QX Resources (ASX:QXR). This webinar is based around the comprehensive sector report RFC Ambrian recently published on the lithium market and will cover off on the following topics:Lithium supply and demand outlookLithium

Stocks were higher on Tuesday as Wall Street parsed through another round of inflation data in search for clues on when the Federal Reserve could start easing monetary policy. The S&P 500 added 0.46 per cent to close at 4,643.70, while the Dow Jones Industrial Average gained 173.01 points, or 0.48 per cent, to 36,577.94.

Rio Tinto has named Elias Scafidas as the new managing director of its battery materials division, effective early 2024, succeeding Marnie Finlayson, who recently concluded her tenure and is on extended leave. Finlayson played a pivotal role in forming the division two years ago and overseeing key projects like Rincon in Argentina and the Jadar

Slowly but surely, the pace of activity across the Australian economy is softening. According to the latest business survey from the National Australia Bank (ASX:NAB), there are growing concerns about still rising costs, including labour, and weakening demand and confidence. The NAB reported on Tuesday that its November business survey showed both the economic outlook

The Australian sharemarket gained 0.5% as interest rate sensitive stocks rose ahead of the release of US inflation data. Technology stocks performed well, with WiseTech and Xero showing notable gains. Investors were cautious in anticipation of key US inflation figures and the upcoming Fed meeting, while bitcoin experienced a 7.5% drop, and oil prices steadied