Market News

The S&P 500 gained for an eighth consecutive day on Wednesday, extending its longest win streak in two years. While upcoming inflation and economic prints are likely to factor into equity gains from here, data continues to signal that the economy is slowing but not falling off a cliff. The broad market index added 0.1 […]

Chinese insurer Ping An has denied any intentions to acquire the troubled property group, Country Garden. This denial comes in response to a lengthy Reuters report that claimed the Chinese government had requested Ping An to lead the rescue efforts for the country’s second-largest developer. The Reuters report, published late Wednesday, garnered significant attention. According

Global oil prices dropped to new three-month plus lows on Wednesday. Fears related to the Israel-Hamas conflict in the Middle East took a backseat to concerns about the strength of demand in 2024, particularly from US car drivers. This marked the third consecutive daily decline for the prices of the world’s two major marker crudes,

Companies discussed include: Sonic Healthcare Limited (ASX:SHL)Cochlear (ASX:COH)Transurban Group (ASX:TCL) The following transcript was automatically generated Hello, this is Stock Watch with Chris Pedersen on Wednesday, the 8th of November 2023. Any advice provided is general advice. It may not be suitable for you. Always consult your financial advisor before making any investment. All questions

The latest data on China’s foreign exchange reserves, issued late last week, showed the country bought a further 23 tonnes of the metal in October, marking the 12th successive month of active gold purchases. This took China’s reported gold reserves to a total of 2,215 tonnes, an increase of 204 tonnes since the beginning of

On Wednesday, the Australian stock market experienced a slight upward movement, driven by robust advancements in the technology sector, which counterbalanced a downturn in the mining industry heavyweights. At the closing bell, the S&P/ASX 200 was 0.26 per cent higher at 6,995.40. Futures The Dow Jones futures are pointing to a fall of 26 points.

Oil prices dropped to a three-month low, with Brent falling towards $81 a barrel, due to concerns over declining US gasoline consumption and a deteriorating demand outlook. American gasoline demand is expected to reach a 20-year low per capita next year, influenced by rising pump prices, inflation, and reduced discretionary driving, according to a US

Golden State Mining (ASX:GSM) has confirmed that pegmatite Dykes has been identified at the Paynes Find lithium project. Golden State’s Managing Director, Michael Moore commented: “The Paynes Find project was pegged by GSM after a high-level targeting exercise identified it as having the right geological attributes to host lithium mineralisation. We now look forward to

The Australian sharemarket is higher at noon, influenced by mixed factors including flat performance on Wall Street and weaker-than-expected Chinese data impacting commodity prices.  At noon, the S&P/ASX 200 is 0.23 per cent higher at 6,992.90. The SPI futures are pointing to a rise of 11 points. Best and worst performers The best-performing sector is

In October, China’s major commodity import data confirmed the uneven growth across its economy, even as the International Monetary Fund (IMF) upgraded its forecast for Chinese GDP growth to 5.4% for the year, up from the previous 5% estimate. The IMF attributed this improvement to recent measures to stimulate demand and support the property sector,