Market News

For the third time this year, the strength of the labour market has made fools of economists, analysts, and business media who mistakenly saw a fall in employment in one month and claimed the job market was ‘cooling.’ It happened at the start of the year and then in April, as a combination of people […]

Has the RBA finished rate hikes? Key pointsIt’s likely that the RBA’s cash rate has peaked with numerous indicators pointing to slower economic growth and inflationary pressures easing.While the risk in the short term is still on the upside for rates or a delay to the start of rate cuts, our base case is that

At noon, the S&P/ASX 200 is 0.32 per cent higher at 7,176.70 as unemployment numbers in August held steady at 3.7%, matching analysts’ forecasts. Sector wise the Financials, materials and energy sectors are the main outperformers, though gains broaden to include communications, property, and utilities. In other news J. P. Morgan upgraded Rio Tinto and

Yes, US consumer price inflation rose in August, thanks to higher petrol prices, and the production cut extensions of Saudi Arabia and Russia. So, the 0.7% rise was merely a temporary fluctuation. This increase pushed the annual rate to 3.7%, which was slightly higher than the forecasted 3.6% and up from 3% in June. According

Canadian-based Brazilian lithium miner Sigma Lithium continues its ongoing sales process, which began in February. Initially linked to Tesla as a potential suitor, the rumors surrounding Elon Musk’s interest have since waned. During this period, various developments have unfolded, including a sales process supervised by Bank of America, a lawsuit involving a former Co-CEO regarding

Ramelius Resources (ASX:RMS) intends to increase exploration spending by 20% in 2023-24 as it strives to transform resources into reserves. The company faced a decline in a key measure during the year to June. In an update on resource reserves submitted to the ASX on Thursday, Ramelius, which is inching closer to acquiring 88% of

Myer (ASX:MYR) met its early August guidance for its July 2022-23 financial year with solid earnings growth but experienced a weak start to 2023-24. Shareholders, however, will receive a final dividend of one cent per share, a significant decline from the 2.5 cents per share paid as the final dividend for 2021-22. Nevertheless, the full-year

Argent Minerals Limited (ASX:ARD) announced the completion of the second helicopter-borne rock chip reconnaissance survey over the Copperhead Project within the Gascoyne Region of Western Australia. Argent Minerals, Managing Director commented: “We are delighted to have independent confirmation of several styles of mineralisation which might be hosted within our Copperhead Project.” Shares are trading 4.76

The Dow Jones Industrial Average fell Wednesday as traders absorbed a hotter-than-expected August core inflation print. The Dow lost 70.46 points, or 0.20 per cent, to 34,575.53 for its second straight decline. Meanwhile, the S&P 500 was up 0.12 per cent to 4,467.44. The Nasdaq Composite added 0.29 per cent to end at 13,813.59. 3M

On Wednesday, the ASX experienced a decline driven by a sell-off in the technology sector, just before the release of important US inflation data. The S&P/ASX index closed down 0.7%, losing 53 points to reach 7153.9, while the broader All Ordinaries index dropped by 0.8%. Particularly, tech stocks had their worst performance of the month,