Market News

On Wednesday, the stock market experienced a second consecutive day of gains as investors eagerly anticipated the Federal Reserve’s policy statement, hoping to gain insights into the central bank’s future interest rate decisions. The primary focus is on the Fed’s potential guidance, and it is widely anticipated that they will maintain their current interest rates. […]

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses home prices. Key pointsAustralian home prices rose again in October, with the supply shortfall on the back of record immigration dominating. Prices are now on track for a 9% gain this year.While the supply shortfall is likely to continue there is a

Australian building approvals in September fell by 4.6%, surprising analysts who had anticipated a 1.3% increase. Additionally, private sector house credit dropped by the same percentage, as reported by the Australian Bureau of Statistics. At noon, the S&P/ASX 200 is 0.26 per cent higher at 6,798.10. The SPI futures are pointing to a rise of

To register for Friday’s webinar click here. NOVONIX (NASDAQ:NVX, ASX:NVX) has finalised its US$100 million grant award from the U.S. Department of Energy to expand domestic production of high-performance, synthetic graphite anode materials at its Riverside facility in Chattanooga, Tennessee.In response, Dr. Chris Burns, CEO of NOVONIX, “the ability to deploy $100 million towards Riverside’s

Traxys CEO Mark Kristoff discusses the commodities market and key drivers of change. Paul Sanger: I’m Paul Sanger for the Finance News Network, and today we’re talking to Traxys CEO Mark Kristoff. For those who are not familiar with Traxys, they are a leading global metals and minerals industry services provider. Mark, a warm welcome

In October, some markets experienced positive gains, but the story was quite different for key commodities, including major ones. Oil and copper faced harsh realities, and despite gold briefly surpassing $2,000 per ounce, it quickly retreated. Iron ore and coking coal held up for Australian exporters, but thermal coal prices hit their lowest point since

BHP (ASX:BHP) has increased the value of its massive Jansen potash project to over $23.5 billion, with the approval of Stage 2 in Saskatchewan, Canada. This stage will cost approximately $4.9 billion, following BHP’s previous approval of $5.7 billion for Stage 1 and a pre-Jansen Stage 1 investment of $4.5 billion in August 2021. The

According to the latest data from the World Gold Council (WGC), central banks, led by China, reduced their gold purchases in the three months to September but appear to be on track for another near-record performance in 2023. The WGC estimated that the overall official sector buying amounted to 337 tonnes for the three months,

Stocks edged higher on Tuesday, as Wall Street closed out a tough month of trading. Stocks posted their third-straight losing month. The Dow and the S&P 500 fell 1.4 per cent and 2.2 per cent, respectively. This marks the first three-month losing streak for both indexes since March 2020. The tech-heavy Nasdaq declined 2.8 per

Australia has a major opportunity to contribute to the growing demand for critical minerals by strengthening global supply chains and increasing collaboration at a strategic national level, a panel of international experts has told the opening session of IMARC 2023. Panellists including leading industry experts from China’s mineral sector and senior United States Department of