Market News

Australia’s benchmark index had its worst one-day performance in four weeks on Thursday. This decline was attributed to rising tensions in the Middle East and an unexpected drop in the jobless rate for September, which raised concerns among investors. At the closing bell, the S&P/ASX 200 was 1.36 per cent lower at 6,981.60. Futures The […]

The ASX has experienced a significant drop of 1.69 per cent to 6,958.20. This decline is attributed to escalating tensions in the Middle East and an unexpected decrease in the jobless rate for September. The All Ordinaries index has also declined by 1.5 per cent. Notably, the unexpected fall in Australia’s jobless rate for September,

The big four Australian banks are projecting various outcomes for the labour market: Commonwealth Bank (CBA) expects a 25,000 job gain with a higher unemployment rate of 3.8%, while National Australia Bank (NAB) forecasts a 30,000-job increase with unemployment at 3.7%. ANZ predicts a 20,000-job rise and steady unemployment at 3.7%, and Westpac anticipates a

To register for Friday’s webinar click here. Terrain Minerals (ASX:TMX) announced that Rare Earth Element (REE) mineralisation has been intersected across the Lort River project area. In-demand permanent magnetic metals of Neodymium (Nd) and Praseodymium (Pr) were encountered during the drill program and run as high as 43% of the Total Rare Earth Oxide grade.

Amidst growing tensions in the Middle East, safe-haven buying drove gold to an 11-week high on Wednesday, with the front-month Comex futures price nearing the $2,000 an ounce mark. Comex data revealed that the front-month contract surged by more than $26, or over 1.3%, reaching just over $1,963 at 7 am, Sydney time. Over the

China’s crude steel production plummeted to an eight-month low last month, as demand from the property and construction sectors remained feeble, keeping profit margins under pressure. The world’s largest steelmaker produced 82.11 million tonnes of crude steel in September, marking a 5% drop from the 86.41 million tonnes produced in August, as reported by China’s

Netflix has once again defied gloomy analysts and investors by revealing a surge in subscriber numbers, thanks to the introduction of the ad-supported cheaper streaming option. The company also confirmed that price hikes are imminent. The better-than-expected news sent shares soaring by more than 12% just before 8 am Sydney time on Thursday. This rebound

Tesla’s results for the three months ending in September weren’t impressive, especially when compared to Netflix, which pleasantly surprised the market. However, they managed to partially reverse the nearly 5% slide in the electric vehicle (EV) maker’s shares during regular trading, with a modest 1.3% rebound by 8:30 am Sydney time. In after-hours trading, Tesla

Standard Lithium Ltd. (TSXV:SLI) (NYSE American:SLI) (FRA:S5L), a leading player in the near-commercial lithium sector, has taken a significant step forward in its quest to revolutionise US lithium production. The company announced today the filing of its Definitive Feasibility Study for Phase 1A, the first commercial lithium project in the United States to break ground

Stocks dropped Wednesday as earnings season gained steam and Treasury yields climbed to multiyear highs. The 10-year Treasury yield climbed on Wednesday, at one point breaking above 4.9 per cent for the first time since 2007. Meanwhile, the average rate on the popular 30-year fixed mortgage rate just hit 8 per cent, the highest level