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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,

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