Market News

James Hardie (ASX:JHX),  the world’s largest fiber cement maker, reported a modest 2% increase in second-quarter earnings, reaching an all-time high, as it focused on conserving cash flows for the upcoming year through higher prices and cost reductions. The company announced its intention to buy back shares worth $US250 million, expected to be completed within […]

Here’s another market factoid for our inflation hawks in the Reserve Bank and Governor Michell Bullock to ponder and ignore as they shelter from the storm of criticism after Tuesday’s rate rise. After musing very loudly in October about the potential damage unpredictable price rises for oil and petrol could do to inflation and expectations

Hatch Managing Director of Australia and Asia Jan Kwak discusses key commodities, geographical opportunities, innovation, applying the circular economic model to mining, and the process of producing feasibility studies. Paul Sanger: I’m Paul Sanger for the Finance News Network, and I’m at the IMARC Conference today and I’m talking with Hatch MD Jan Kwak. For

Paul Sanger: I am Paul Sanger for the Finance News Network, and today we’re talking with Anax Metals (ASX:ANX) and it has a market cap around 15 million. Anax Metals is an exploration and development company with a vision to deliver outstanding shareholder return through innovation in exploration and resource development. Headquartered in WA, the company

The S&P 500 and Nasdaq Composite rose on Tuesday to notch their longest winning streaks in nearly two years and build on November’s rally. The S&P added 0.28 per cent to close at 4,378.38, while the Nasdaq jumped 0.9 per cent to end at 13,639.86. The Dow Jones Industrial Average edged up 56.74 points, or

As expected, the Reserve Bank has failed to hold its nerve and lifted its cash rate by 0.25% to 4.35%. It is the first rate rise overseen by the new Governor, Michell Bullock, and came at the second RBA board meeting she presided over. Markets had anticipated the cash rate increase at this meeting, especially

In October 2023, China’s foreign trade exhibited mixed results: exports declined more than expected, while imports showed a slight improvement after nine months of decline. Exports fell by 6.4% year-on-year, marking the sixth consecutive month of decline, and imports unexpectedly rose by 3.0%. Early import data revealed increases in oil and copper shipments but decreases

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the cash rate. Key pointsThe RBA raised its cash rate by 0.25% taking it to 4.35%.The RBA retained a tightening bias underpinned by relatively hawkish commentary in its post meeting statement but softened it somewhat.The move was in line with the consensus

True North Copper (ASX:TNC) has identified high grade zones of copper and gold mineralisation, which exceed the current updated resource model. In response, True North Copper’s Managing Director, Marty Costello said, “with the return of all assays by the end of November 2023, mine optimisation and metallurgical studies will commence. These studies will assess the

Local investors are closely watching the Reserve Bank’s policy statement scheduled for 2.30 pm (AEDT). It is anticipated that policymakers will decide on a 0.25 percentage point hike in the cash rate target, bringing it to 4.35 percent. At noon, the S&P/ASX 200 is 0.14 per cent lower at 6,987.50. The SPI futures are pointing