Market News

For the second time in five years, Nine Entertainment (ASX:NEC) has lost its CEO amid allegations of non-financial issues within the company. Nine announced on Thursday that CEO Mike Sneesby would depart the company at the end of September after a 3½-year tenure. He replaced Hugh Marks, who resigned in November 2020 following revelations of […]

A second rate cut in Europe and one next week for the US – the pace of central bank policy easings is accelerating. The European Central Bank (ECB) on Thursday delivered on expectations for a 0.25% trim for the second time in a couple of months. That set the ECB’s key policy rate at 3.5$.

Believe it or not but gold futures are within $US15 of topping the $US2,600 mark as prices lurched upwards on Thursday. Silver futures also went for a nice little run as well. Gold settled at $US2,587.30 – its high for the day and latest record and was around this level early Friday in Asia. The

To register for Friday’s webinar click here. Locksley Resources (ASX:LKY) has announced promising new findings from its Mojave Project in California. Recent analysis revealed six rock chip samples with high antimony grades, including two at 11.2% and 8.3%. The samples were taken from the Desert Antimony Mine. Shares are trading 45.83 per cent higher at

Australian shares rose shortly after the market opened, driven by broad gains led by the tech and energy sectors, mirroring a rally on Wall Street. At 11:35am, the S&P/ASX 200 is 0.7 per cent higher at 8,043.80, approaching its all-time high of 8148.7 set in August. The US technology sector’s strong performance bolstered the ASX,

Fund Manager Chris Pedersen discusses ASX Ltd (ASX:ASX), Endeavour Group Ltd (ASX:EDV) and Platinum Asset Management Ltd (ASX:PTM).

Uranium mining and processing stocks, along with an exchange-traded fund, surged on Wednesday following a Reuters report that Russian President Vladimir Putin suggested Russia may restrict exports of uranium, titanium, and nickel in response to Western sanctions over the invasion of Ukraine. Canada’s Cameco Corp. saw its shares jump 6.4%, while NexGen Energy climbed 4.3%,

Global inflows into exchange-traded funds (ETFs) are on track to hit record highs this year, with investors continuing to pour money into the market despite volatility and the traditional summer slowdown. According to BlackRock data, ETFs attracted a net $129.7 billion in August, a slight drop from July’s record of $198 billion but still above

Rightmove, the UK property listings group, has rejected REA Group’s (ASX:REA) £5.6 billion ($A11.02 billion) cash and share offer. REA shares were down nearly 3% after its statement to the ASX on Wednesday, which revealed the terms of the bid and its rejection (or rather, dismissal). In its statement, REA Group disclosed that it had

Volkswagen (VW) is preparing for a massive conflict with its unions after scrapping a series of agreements on Tuesday, less than a week after the company revealed it was considering closing at least two plants in Germany and laying off tens of thousands of workers. The driver of this hardline approach is the drop in