Market News

China entered deflation for the second time this year as food prices, particularly pork, dropped, causing consumer prices to decline by 0.2% in October. This figure was slightly worse than the anticipated 0.1% decrease and marked a departure from September’s stable reading. The National Bureau of Statistics attributed this drop to the fourth consecutive month […]

Investors showed increased enthusiasm for Orica (ASX:ORI), the explosives and chemicals group, following the release of its 2022-23 results on Thursday. The highlight was a 23% boost to dividends. Orica’s shares performed well in the early session after the results were released, despite a broader market downturn. The company reported a 12% increase in sales

Corporate Connect Research Analyst Richard Close has released a flash report for Empire Energy Group (ASX:EEG). Empire Energy provides exposure to the development of the world class unconventional gas resource located in the Beetaloo Sub basin in Australia’s Northern Territory. The company’s recent work program on the Carpentaria Project (EP187) in the East Beetaloo has

Corporate Connect Research Analyst Joh Snyman has released a flash report for Stealth Global Holdings (ASX:SGI). SGI recently reported its FY23 results, delivering a record profit and building on the steady improvement of recent years. The strong result was driven by solid organic growth, recent acquisitions and associated scale benefits, combined with positive supply and

Retailers in Australia may feel that the Reserve Bank of Australia (RBA) is not on their side, given the recent decision by the RBA to raise the official cash rate for the first time in four months. This rate hike, amounting to 0.25 percentage points, brought the rate to 4.35%, marking the highest level in

Australian stocks are building on their early gains as Thursday’s trading session unfolds, displaying resilience in the face of a turbulent Wall Street session marred by worries about the worldwide economic outlook and interest rate fluctuations. At around noon, the S&P/ASX 200 is 0.42 per cent higher at 7,024.90. The SPI futures are pointing to

To register for Friday’s webinar click here. Sunstone Metals (ASX:STM) announced the initial Exploration Target shows Limon is on track to be a substantial gold-silver deposit. In response, Sunstone Managing Director Malcolm Norris commented, “we believe there is every potential for a staged development at Bramaderos with Limon being the higher grade, lower cost, first

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,