Market News

Westgold Resources (ASX:WGX) has made quite a fuss about the commencement of work at the legendary Great Fingall mine in the WA Goldfields. This statement comes just a day before the release of the company’s September quarter production and sales report on Wednesday, October 25. You might wonder why companies separate major news items when […]

Australian graphite stocks have experienced a significant surge after China’s recent announcement of export controls on one of the crucial battery minerals essential for electric vehicles.  China, which serves as the world’s leading graphite producer and exporter, further refines over 90 percent of the world’s graphite into materials used in various applications, including electronics and

The S&P/ASX 200 is trading 0.16 per cent higher at 6,855.1. Futures The SPI futures are up 9 points. Best and worst performers The best-performing sector is Energy, up 0.56 per cent. The worst-performing sector is Health Care, down 0.64 per cent. The best-performing large cap is Pilbara Minerals (ASX:PLS), trading 4.34 per cent higher

On Tuesday, energy and mining stocks drove gains in the Australian sharemarket. Energy stocks benefited from the rise in oil prices, with West Texas Intermediate trading around $86 per barrel. The avoidance of a Gaza invasion by Tel Aviv temporarily eased Middle East tensions. As a result, Santos saw a 0.6% increase to $7.85, and

The spotlight is on RBA Chief Michele Bullock’s speech scheduled for 7pm AEDT at the Global Markets Conference hosted by CBA in Sydney. At noon, the S&P/ASX 200 is 0.22 per cent higher at 6,859.30. The SPI futures are pointing to a rise of 30 points. Best and worst performers The best-performing sector is Energy,

Immutep (ASX:IMM) has reported promising clinical data from the INSIGHT-003 trial at the ESMO Congress 2023. In response, Immutep CSO, commented, “the compelling data that our proprietary MHC Class II agonist has generated in combination with immune checkpoint inhibitors for NSCLC patients positions efti as one of the more promising clinical candidates in immuno-oncology today.”

US bond market traders don’t seem to have the courage of their collective paranoia about yields. After filling reams of paper, the airwaves of TV business shows, and online commentaries with dire predictions about what would happen when US 10-year bond yields breached the ‘psychologically important’ 5% level, they turned around and bought heavily, driving

Despite oil prices reaching multi-year highs, Chevron Corp announced on Monday its intention to acquire its smaller US rival, Hess Corp, in a $53-billion all-stock deal. The announcement comes just two weeks after Exxon Mobil revealed its plans to pay $60 billion ($93 billion) for the US shale oil and gas producer, Pioneer Natural Resources.

The US Department of Justice is reportedly expanding its inquiry into Tesla’s business practices, adding to the pressure on Elon Musk and the company’s board. Initially focused on reports of issues with Tesla vehicles and awards to senior managers, the investigation has now broadened to include scrutiny of the range of Tesla vehicles on a

The Nasdaq Composite ticked higher on Monday as Treasury yields retreated from their highs and traders looked ahead to the release of corporate earnings from tech industry giants. The benchmark 10-year Treasury note yield briefly climbed back above the key 5 per cent level before ticking down. It was last trading at about 4.85 per