Market News

The S&P/ASX 200 is trading 0.62 per cent lower at 7,032.70. Futures The SPI futures are down 45 points. Best and worst performers The best-performing sector is Health Care, up 0.71 per cent. The worst-performing sector is Information Technology, down 1.75 per cent. The best-performing large cap is Pro Medicus (ASX:PME), trading 11.7 per cent […]

For what it’s worth: why what you pay for an investment is a key driver of its return…and how do valuations look now? Key pointsStarting point valuations – like yields and price to earnings ratios – are key drivers of medium-term investment returns.For growth assets it’s often more complicated, with the level of interest rates

Australian-US coking coal miner and exporter, Coronado Global Resources (ASX:CRN), welcomes a new major shareholder as America’s Energy and Minerals Group (EMG) sells its 51% stake to a Czech private equity group. The US group and the new shareholder disclosed the deal in a statement to the ASX on Tuesday morning, with no mention of

Air New Zealand (ASX:AIZ) has joined its trans-Tasman rival, Qantas, in warning of the increasing pressures resulting from higher oil and fuel prices. In addition to grappling with issues related to Pratt and Whitney engines, which will disrupt operations intermittently over the next two years, Air NZ is also contending with a weaker New Zealand

Lake Resources (ASX:LKE) has announced a successful completion of the lithium carbonate test program, which is an important milestone towards the completion of DFS. In response,Lake CEO David Dickson said, “most DLE lithium carbonate announcements are based on a few kilograms of carbonate produced on a lab bench scale unit; we’ve produced more lithium carbonate

The ASX opened lower by 0.4% on Tuesday, reflecting market adjustments in anticipation of prolonged higher interest rates. At noon, the S&P/ASX 200 is 0.49 per cent lower at 7,042.10, primarily driven by losses in property and tech sectors. Qantas (ASX:QAN) saw a notable decline of 3%, while local equity investors await Wednesday’s consumer price index

Reports from China today indicate that “multiple current and former executives of China Evergrande Group and its subsidiaries” have become embroiled in a government investigation into the company’s collapse, further unsettling Chinese property shares. The price of iron ore and leading developers’ share prices in Hong Kong fell, along with a 1.82% drop in the

Gina Rinehart has raised her stake in Liontown Resources (ASX:LTR) to over 10%, a move that prevents Albemarle from proceeding with its $6.6 billion takeover offer through compulsory acquisition. Compulsory acquisition occurs when a bidder attains 90% of the target company’s issued shares and can acquire the remaining shares forcibly. Hancock Prospecting, owned by Rinehart,

As hard-right Republicans push the US government towards a shutdown on Sunday afternoon Sydney time, ratings agency Moody’s has cracked, warning that its AAA rating on US debt is in danger of being removed. Moody’s is the last of the trio of major ratings groups with a AAA rating on US debt – S&P cut

The S&P 500 climbed on Monday to kick off the final week in September. The broader index rose 0.4 per cent to 4,337.44. The Nasdaq Composite closed higher by 0.45 per cent at 13,271.32. The Dow Jones Industrial Average added 43.04 points, or 0.13 per cent, to 34,006.88. All three major averages snapped four-day losing