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Australian shares are tilting lower in the final hours of trading, primarily driven by a broad sell-off in tech stocks, despite chipmaker Nvidia exceeding analyst expectations in its results. The S&P/ASX 200 is trading 0.12 per cent lower at 7,069.50, while the All Ordinaries is down 0.2%, with energy, materials, and healthcare sectors partially offsetting […]

Australian shares are currently trading higher, with strong gains in mining stocks and utilities helping offset a fall in tech stocks following results from chipmaker Nvidia. The S&P/ASX 200 is 0.07 per cent higher at 7,083.20. Tech stocks are 1.3 per cent lower despite Nvidia’s results soaring past analyst expectations. The Nasdaq-listed stock has fluctuated

To register for Friday’s webinar click here. Helix Resources (ASX:HLX) announced that a 15,000 to 25,000 metre drill campaign is taking shape as ‘essential’ to test the best of fifty copper targets being defined in the Western Group Tenements. In response, Helix’s Chair, Mike Rosenstreich commented: “We are now seeing a surge of data and

Fund Manager Chris Pedersen looks at CSL (ASX:CSL), Nufarm (ASX:NUF), IPH (ASX:IPH) and charts on China risks. The following transcript was automatically generated: Hello. My name’s Chris Patterson, and this is Stock Watch for Wednesday, the 22nd of November 2023. Any advices? General advice may not be suitable for you. Always consult an advisor before

Stocks were down Tuesday as traders assessed the latest Federal Reserve meeting minutes, where officials gave no indication of interest rate cuts. The Federal Reserve has expressed the need for a “restrictive” monetary policy due to concerns about stubborn or rising inflation, keeping the benchmark interest rate unchanged at 5.25 per cent to 5.5 per

Oil prices retained the bulk of a two-day surge, with global benchmark Brent briefly surpassing $82 a barrel, driven by heightened speculation that OPEC+ may consider further supply cuts at its upcoming meeting this weekend. This follows a more than 6 percent increase in prices over the previous two sessions, and West Texas Intermediate (WTI)

In a recent development, Chinese-backed mining company MMG has successfully acquired the Canadian firm Cuprous Capital, the owner of Botswana’s Khoemacau copper mine. The purchase reflects MMG’s strategy to secure a stable supply of copper, a crucial metal for the green energy transition. Khoemacau mine is notable for its high-grade copper deposits, averaging around 2

The Fed’s latest policy meeting minutes were predictably a touch hawkish—indicating rates would stay higher for longer. One commentary described it as ‘a slight tightening bias.’ However, gold bounced back over $2,000 an ounce on Comex, gaining 1% on the day. The Comex front-month price settled just over $1,998 an ounce, having touched $2,009 an

Inflation poses a significant challenge for the Reserve Bank and Governor Michele Bullock, according to the minutes of the bank’s recent policy meeting, where interest rates were raised. The minutes confirm the decision to increase the cash rate in response to persistent inflation and a stronger-than-expected economy. The 25 basis-point increase brought the rate to

The Australian sharemarket saw gains driven by mining stocks and rising iron ore prices due to China’s additional stimulus measures. The S&P/ASX 200 index increased by 0.3%, with mining giants like BHP Group (ASX:BHP), Rio Tinto (ASX:RIO), and Fortescue Metals (ASX:FMG) performing well. Iron ore futures on the Singapore exchange also rose by 1.3% to