Market News

US markets were closed overnight due to labour day. Shifting to European markets, the Stoxx 600 index ended little changed from the previous session, paring gains after hitting its highest level since Aug. 9 in morning trade. Travel and leisure stocks gained 0.5 per cent as sentiment around equities brightened following Friday’s US jobs report. […]

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses optimistic investing. Key points:The natural human tendency to focus on bad news, the increased availability of information and the rise of social media are magnifying perceptions around worries and making it easier to be pessimistic.However, to succeed as an investor it makes

Qantas (ASX:QAN) shares continued to slide on Monday, as the airline’s attempts to launch a PR campaign resulted in an unexpected and embarrassing apology. The shares registered a 3% decline on Monday, exacerbating the month-long loss to 11%. This downturn was triggered by a slew of negative publicity surrounding the airline, including issues related to

New Zealand-based casino group SkyCity (ASX:SKC) has informed both the NZX and ASX that it faces the possibility of losing its casino licences in the country for a period of 10 days. This startling announcement led to a 17% sell-off of shares on the ASX during Monday’s trading. The company’s statement revealed that the NZ

Leo Lithium (ASX:LLL) experienced a significant decline in its shares after the company revealed the suspension of work on a lithium mine in Mali by the government. Despite claims to the contrary, Leo Lithium’s shares dropped by 50% to 56 cents when it emerged from a trading halt. This news coincided with Albemarle’s increased bid

Local miners are grappling with the most significant quarterly drop in profitability since the upheaval of the global financial crisis, as plummeting prices for thermal coal and natural gas send shockwaves through the resource sector, affecting both corporate earnings and government revenues. According to data released by the Australian Bureau of Statistics on Monday, profits

Sequoia Financial Group Limited (ASX:SEQ) CEO and Managing Director Garry Crole discusses the group’s FY23 financial results. Topics covered include: FY23 financial highlightsFY23 business highlightsGroup financial snapshotScalable financial model impacted by 2023 challengesSum of parts snapshotDirect investments restructured to deliver growth in FY24Equity markets impacted by weaker trading conditionsProfessional services grows in tough marketLicensee services gaining

At the closing bell, the S&P/ASX 200 was 0.56 per cent higher at 7,318.80, driven by strong performance in mining and energy stocks. This surge was attributed to positive sentiments regarding China, as its authorities implemented measures to stimulate housing demand. The Reserve Bank of Australia is expected to maintain the cash rate at 4.10%

Westgold Resources (ASX:WGX) Managing Director Wayne Bramwell provides an update on the company, discussing drivers behind production results, the gold price, and plans going forward. Peter Milios: We are talking today with Westgold Resources (ASX:WGX). WGX has a market cap of $700m. Westgold is a dynamic and responsible explorer and developer of gold mines, operating

The S&P/ASX 200 is trading 0.43 per cent higher at 7,309.30. Futures The SPI futures are up 45 points. Best and worst performers The best-performing sector is Materials, up 1.85 per cent. The worst-performing sector is Utilities, down 0.75 per cent. The best-performing large cap is Liontown Resources (ASX:LTR), trading 8.78 per cent higher at