A stronger-than-expected US economy led the Federal Reserve to maintain its key interest rate at a 22-year high on Wednesday, signaling support for further rate hikes this year and fewer rate cuts next year. In doing so, the Fed sent a strong message to the markets and doubters that it doesn’t foresee a recession looming […]
Fed holds strong stance on interest rates amid robust US economy Read More »
Fund Manager Chris Pedersen discusses US inflation stats, rising food prices & examines 3 companies worth keeping an eye on. Companies discussed:Orica Limited (ASX:ORI)Treasury Wine (ASX:TWE)Medibank Private (ASX:MPL)
Orica Limited, Treasury Wine & Medibank Private Read More »
The ASX extended its three-day losing streak, with materials and energy stocks declining, as investors awaited rate decisions from the Bank of England, Bank of Japan, and US Federal Reserve in the next 48 hours, which could significantly impact global markets. At the closing bell, the S&P/ASX 200 was 0.46 per cent lower at 7,163.30.
ASX extends its three-day losing streak to close 0.46% lower Read More »
The S&P/ASX 200 is trading 0.62 per cent lower at 7,151.80. Futures The SPI futures are down 46 points. Best and worst performers The best-performing sector is Consumer Staples, up 0.19 per cent. The worst-performing sector is Energy, down 1.92 per cent. The best-performing large cap is Aristocrat Leisure (ASX:ALL), trading 2.95 per cent higher
Afternoon Update: S&P/ASX 200 falls 0.62% as Energy sector weighs down Read More »
KMD Brands (ASX:KMD), formerly known as Kathmandu, celebrated a milestone as it exceeded NZ$1 billion in annual revenue for the first time ever. The global chain enjoyed a mostly trouble-free year of trading in its major markets, following a challenging year marred by Covid-19 lockdowns and travel restrictions. The previous fiscal year had seen KMD’s
KMD Brands achieves record revenue Read More »
At 11:30am, the S&P/ASX 200 is 0.35 per cent lower at 7,171.30. Oil prices have stabilised amid a cautious market atmosphere before a Federal Reserve meeting, with West Texas Intermediate for November holding just below $91 per barrel. Traders weighed estimates of further declines in US crude stockpiles, driven by supply constraints from OPEC+ and
ASX currently trading 0.35% lower as oil steadies Read More »
Ausbil’s Global SmallCap Portfolio Managers, Tobias Bucks and Simon Wood, discuss how they identify opportunities and the outlook for small companies going forward. Manny Anton: Hi, I’m Manny Anton for the Finance News Network, and today we are talking to Tobias Bucks and Simon Wood, who are the portfolio managers of Ausbil’s Global Small Cap Fund.
Delivering outperformance through global small companies investment Read More »
QX Resources (ASX:QXR) announced that Bayrock Resources has confirmed highly encouraging nickel-copper mineralisation, some in thick intercepts, in eight drill holes within Bayrock’s Nickel-Copper Project In Northern Sweden. QXR has a 39% holding in Bayrock Resources. In response, QXR Managing Director Steve Promnitz commented: “today’s results confirm excellent mineralisation in a new area of interest,
Stocks of the Hour: QX Resources, Vintage Energy, Alderan Resources Read More »
The minutes from the final meeting, presided over by the recently retired Reserve Bank Governor, Philip Lowe, have sounded more warnings about potential interest rate rises. They also expanded on previous statements about the health of the Chinese economy. The minutes indicated that further interest rate increases might be necessary if inflation remains stickier than
Minutes reveal more interest rate warnings and concerns over Chinese economy Read More »
Stocks retreated on Tuesday as Wall Street awaited the results of this week’s Federal Reserve policy meeting. The Dow Jones Industrial Average lost 106.57 points, or 0.31 per cent, to end at 34,517.73. The S&P 500 slid 0.22 per cent to 4,443.95. The Nasdaq Composite slid 0.23 per cent 13,678.19. Disney slid more than 3
Major indexes fall: Fed not expected to raise rates Read More »
