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ASX closes 1.37% lower: Consumers becoming cautious

Consumers are becoming more cautious due to rising living costs, but UBS analysts believe this doesn’t indicate an immediate drop in spending, as they note a slight improvement in future interest rate expectations; however, sticky inflation and the ongoing cost-of-living pressures are causing consumers to allocate more of their budgets to essential expenses, while discretionary

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Afternoon update: S&P/ASX 200 down 1.37% as Financials lag, South32 leads large caps

The S&P/ASX 200 is trading 1.37 per cent lower at 7,064.90. Futures The SPI futures are down 103 points. Best and worst performers The best-performing sector is REITs, down 0.35 per cent. The worst-performing sector is Financials, down 1.95 per cent. The best-performing large cap is South32 (ASX:S32), trading 1.65 per cent higher at $3.385.

Afternoon update: S&P/ASX 200 down 1.37% as Financials lag, South32 leads large caps Read More »

RIU Good Oil & Gas Conference Q&A – Brendan Stats of TMK Energy (ASX:TMK)

Brendan Stats – CEO – TMK Energy Limited (ASX:TMK) is a gas exploration company listed on the Australian Stock Exchange. TMK holds a 67% interest in the Gurvantes XXXV Project located in the South Gobi Basin of Mongolia and also holds a 20% interest in the Talisman Depp Project containing the Napoleon Structure located in

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