Market News

New Zealand’s central bank is likely to maintain its current interest rates ahead of a general election, with all surveyed economists expecting no change at 5.5 percent. However, policymakers may emphasize the potential for future rate hikes to control inflation, signaling a continued cautious approach to monetary policy. The S&P/ASX 200 is currently trading 0.68 […]

Noxopharm (ASX:NOX) announces that the US FDA has granted Orphan Drug Designation (ODD) status to Noxopharm’s CRO-67 preclinical drug candidate, for the treatment of pancreatic cancer. Noxopharm CEO Dr Gisela Mautner said, “our pancreatic cancer program is a high priority, and we are committed to progressing its development as quickly as possible. Further studies are

Steady as Michelle Bullock took the reins as the new Governor at the Reserve Bank, judging by the statement from her first central bank monetary policy meeting on Tuesday. The RBA left the cash rate unchanged at 4.1% for the fourth consecutive month but also maintained the hawkish approach of her predecessor, warning that a

Stocks tumbled on Tuesday as Treasury yields hit their highest levels since 2007, raising concern higher interest rates would freeze the housing market and tip the economy into a recession. The Dow Jones Industrial Average lost 430.97 points, or 1.29 per cent, for its worst day since March. The 30-stock index ended the day at

On Tuesday, US 10-year bond yields surged to 4.80%, marking a new 16-year high. Investors, both large and small, were gripped by worry over rising interest rates, increasing inflation, and Federal Reserve actions, according to market reports. The 30-year Treasury yield also climbed to 4.932%, its highest level since 2007. Meanwhile, the 2-year T bond,

The Australian sharemarket hit a six-month low on Tuesday, driven by a US Treasury sell-off influenced by the US Federal Reserve’s hawkish messaging, despite the Reserve Bank’s decision to maintain the cash rate at 4.1%. The benchmark S&P/ASX 200 index fell 1.3% to 6943.4, its lowest level since March 21, with most industry groups in

Tesla held its position as the world’s leading EV manufacturer in the third quarter, narrowly surpassing Chinese auto giant BYD. During this period, Tesla reported shipping 435,059 vehicles globally, rebounding after facing its first delivery drop in over a year due to factory shutdowns. Despite this decline, the company remains confident in achieving its year-end

The S&P/ASX 200 is trading 1.08 per cent lower at 6,957. Staying on the Australian front, the Reserve Bank of Australia has maintained the cash rate at 4.1 per cent for the fourth consecutive month, citing concerns about persistently high inflation and the possibility of further monetary tightening to bring inflation back to target. This

Alex Hanly, CEO of Lithium Universe Limited (ASX:LU7), provides an update on the company’s projects, discussing progress towards developing the Quebec Lithium Processing Hub. Paul Sanger: Today, we’re talking to Lithium Universe (ASX:LU7), which has a market cap of around $20m. Lithium Universe plans to construct a project in Quebec to assist Canada with its

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the cash rate. Key points:The RBA left its cash rate on hold at 4.1% for the fourth month in a row.This was in line with our own forecast, the consensus of economists and the money market’s expectation.The decision to hold is consistent