Market News

The S&P/ASX 200 is trading 0.61 per cent lower at 7,043.90. Tech stocks have fallen by 1.5%, while energy stocks remained flat despite a drop in oil prices following OPEC+ output cuts. The market also awaited key manufacturing PMI data from China, the UK, and the US later in the day. Futures The SPI futures […]

Delta acquires LCT mineral rights at the Lyons River Project Delta Lithium (ASX:DLI) has acquired lithium-caesium-tantalum mineral rights from Dalaroo Metals (ASX:DAL) for the Lyons River Project in WA’s Gascoyne region. Managing Director James Croser comments, “This large package of LCT rights boosts our Gascoyne footprint by 161%, giving us a great stronghold in this

Winston Sammut, the Director Property of Euree Asset Management, gives his weekly take on the REITs sector. Paul Sanger: We are talking today with Mr Winston Sammut, an investment manager at Euree Asset Management. Winston has over 40 years’ investment experience, including 20 years in the listed property industry. Winston was previously the head of

The Dow Jones Industrial Average rallied Thursday to a new high for the year, as more cooling inflation data and strong Salesforce earnings capped the benchmark’s best month since October 2022. The 30-stock Dow gained 520 points, or 1.47 per cent, to 35,950.89, surpassing its previous high for the year in August. The S&P 500

Global oil prices plummeted after the OPEC+ group failed to reach a consensus on production levels for some members. Led by Saudi Arabia, others continued existing output reductions into 2024. The bottom line from the online meeting held on Thursday, delayed from Sunday, is that the status quo remains unchanged, with no mention of further

China’s official activity survey for November indicates a continued slowdown in its economy. Manufacturing contracted for a second consecutive month, while non-manufacturing activity reached a new yearly low. The official manufacturing purchasing managers’ activity index unexpectedly dropped to 49.4 in November from 49.5 in October, the lowest reading since June. This was slightly worse than

Inflation is falling on both sides of the Atlantic, which is good news for all concerned. In Europe, the advance data on inflation showed a slide to an annual rate of 2.4% from 2.9% in October, while in the US, so-called PCE (personal consumption expenditure) inflation is still falling to 3% in October, from 3.6%

Shares in the exploration company Cooper Metals (ASX:CPM) surged by 62% on Thursday after it unveiled a substantial intersection of high-grade copper in a drilling program near Mount Isa. Cooper Metals reported that it had encountered high-grade copper mineralisation from a drill hole at the Brumby Ridge prospect within its Mt. Isa East copper-gold project

On Thursday, the Australian stock market made significant progress, driven by strong increases in cyclical stocks. This surge was fueled by a continued decline in bond yields, which raised expectations of imminent interest rate cuts, a possibility that was not previously anticipated. The yield on the US 10-year Treasury bond has dropped to less than

Warren Buffett’s investment in Occidental Petroleum is deepening his involvement in fossil fuels, as reported by US media. Occidental Petroleum, one of Warren Buffett’s favored investments with a nearly 26% stake, is reportedly pursuing additional oil and gas resources from the productive Permian basin in Texas, according to the Wall Street Journal. The paper suggests