Market News

The Nasdaq Composite fell for a fourth session Thursday as concerns resurfaced over the Federal Reserve’s interest rate policy path, as the latest jobless claims data has come in. The tech-heavy Nasdaq sold off 0.89 per cent to end at 13,748.83, while the S&P 500 slipped 0.32 per cent to finish at 4,451.14. The Dow […]

Apple is set to release its new iPhone 15 range next Tuesday, September 12, but uncertainty looms over its significant Chinese market. In the past two days, Apple’s shares have plummeted by nearly 7%, triggered by reports in the US media alleging that the Chinese government has banned some of its employees from bringing iPhones

Australia’s economic growth for the June quarter of 2022-23 could have been significantly stronger were it not for a sharp depletion of business inventories, particularly in the major mining and rural export sectors. Iron ore, coal, and other mining companies, as well as grain companies like GrainCorp, drew down on their stockpiles to fulfill contracts

A sharp decline in shipments of non-monetary gold and a surge in the value of car and truck imports, coupled with weaker demand and prices for some key commodities, marked a lackluster start to Australia’s financial year 2023-24 in July. The Australian Bureau of Statistics (ABS) reported on Thursday that the seasonally adjusted trade surplus

In August, China’s trade performance remained weak, with both exports and imports experiencing declines. While the situation was not as dire as July’s slump, it still signaled the country’s struggle with weak demand both domestically and externally. Exports fell by 8.8% compared to the previous year, amounting to $US284.87 billion. This decline was less severe

Iron ore prices declined as a result of weak Chinese trade data and ongoing challenges in the steel industry. China’s exports and imports both fell in August, putting pressure on the country’s manufacturing sector. Despite efforts to stimulate the struggling property sector through lower mortgage rates, immediate recovery in the iron ore market is uncertain.

The S&P/ASX 200 is trading 1.18 per cent lower at 7,171.20. Futures The SPI futures are down 56 points. Best and worst performers All sectors are in the red. The sector with the fewest losses is REITs, down 0.43 per cent. The worst-performing sector is Materials, down 2.9 per cent. The best-performing large cap is

Empire Energy Group (ASX:EEG) CEO Alex Underwood discusses large scale future well drilling projects, and anticipates commercial production by 2025. Paul Sanger: We are talking today with Empire Energy CEO, Alex Underwood. The ASX code is EEG, and Empire has a market cap of around $115 million. Empire Energy is a Sydney-based Australian oil and

In its June 30 update on the size and potential of its reserves at the King of The Hill and Darlot operations in the Leonora district of Western Australia’s Eastern Goldfields, emerging gold miner Red 5 (ASX:RED) revealed impressive triple-digit increases in estimated reserves for both sites. Overall, Red 5 reported a mineral resources estimate

Gas prices in both the Dutch and British markets took a tumble on Wednesday as workers at Chevron’s liquefied natural gas (LNG) facilities in Australia decided to temporarily halt their planned strike action for one day. The pause in strike action came as negotiations continued between the workers and Chevron management. As per data from