Market News

China’s non-manufacturing PMI, which relates to the services and construction sectors, has experienced a decline of 0.5 points, reaching a value of 51.0. This marks the fifth consecutive monthly decrease, in contrast to the reading of 51.5 observed in July. At noon, the S&P/ASX 200 is 0.01 per cent higher at 7,298.30. The SPI futures […]

Flight Centre (ASX:FLT) shares experienced a nearly 3% decline at one point yesterday, despite the company unveiling a better-than-expected performance for 2022-23 as travel rebounded to pre-pandemic levels across most markets in Australia and internationally. Even the distribution of the first dividend payment to shareholders in four years failed to enthuse investors, although this may

Chalice Mining (ASX:CHN) witnessed a 25% drop in shares on Wednesday as short-term investors and speculators reacted to the initial cost estimates of the Gonneville critical minerals project near Perth, ranging from $1.6 billion to $2.3 billion. Additionally, concerns arose regarding the scoping study’s overly optimistic assumptions about metal prices. Whether due to these factors

July’s inflation data showcased significant differences between the headline rate and the core reading, leading to contrasting market reactions as both figures experienced declines. While the headline rate’s drop was pronounced, the minor dip in the core measurement garnered less attention. The market focused on the more substantial decline in the headline rate, which fell

On Wednesday, Brambles (ASX:BXB) shares soared to a 52-week high of $15.22, driven by robust financial results and a positive outlook for 2023-24 from the global logistics leader. Following a more promising performance for 2022-23 than initially perceived, the company’s shares surged by over 7%. The market responded favorably to Brambles’ decision to raise its

The S&P 500 advanced Wednesday for a four-day winning streak, as investors assess new US economic data. The broad-market index climbed 0.38 per cent, surpassing the 4,500 level, to close at 4,514.87. The Dow Jones Industrial Average added 37.57 points or 0.11 per cent, to finish the session at 34,890.24. The tech-heavy Nasdaq Composite advanced

James Brennan – CEO – Linius Technologies (ASX:LNU) allows audiences to choose the exact video moments they wish to see and instantly create personalised video compilations. Every sports moment has a fan. Every teaching and learning moment has a student. And every business meeting has moments that matter. Linius elevates the educational, information, and entertainment

icetana Limited (ASX:ICE) Non-Executive Chair Matt Macfarlane discusses his transition from the CEO role, the company’s artificial intelligence solution, annual recurring revenue growth, and the recent contract secured with the Sydney Opera House. Paul Sanger: Today, we’re talking to icetana (ASX:ICE). They have a market cap of around $10m. icetana is a global SaaS software

By Tuan Luu, Portfolio Manager, IML There are many different ways of making money in the stock market, but at IML the one thing we’ve found most consistently generates winners is significant moments of change. When a company, an industry, or society goes through a major change then this creates opportunities for investment. The trick is

By Tim Wood, Portfolio Manager and Head of ESG, IML Both financial advisors and investors have told me that they don’t like to see companies spending money on ESG. Many see it as window dressing: fluffy stuff. It’s true that this can be the case, companies can waste lots of money on things that don’t really make