Market updates

Market Decline as Westpac Downgraded and Star Entertainment Struggles
January 10, 2025 02:59 PM AEDT| By Team Kalkine MediaHighlights,The ASX market sees a decline, led by financials.,Iron ore price rise boosts mining stocks despite overall losses.,Westpac (WBC) faces a downgrade, while Star Entertainment (SGR) faces major challenges.,On Friday, Australian stocks faced a...

Australian Stock Market Faces Setback; Banks and Biotech Weigh on the ASX Despite Mining Gains
January 10, 2025 01:31 PM AEDT| By Team Kalkine MediaHighlights,Australian stock market faces pressure as banks struggle and inflation concerns ease.,Commodities lead growth as miners perform well, particularly iron ore.,Star Entertainment (SGR) sees steep losses as its future hangs in the balance.,On...

ASX Rises as Sectors Show Strength, but Aussie Dollar Hits Two-Year Low
January 10, 2025 11:44 AM AEDT| By Team Kalkine MediaHIghlights,ASX 200 gains 0.16% in early trading, advancing steadily.,Australian dollar hits a two-year low amid weak retail sales data.,Key sectors perform positively, led by materials and industrials.,The Australian stock market demonstrated resilie...

Australian Shares Volatile as Iron Ore Gains Fail to Provide Strong Momentum
January 10, 2025 11:32 AM AEDT| By Team Kalkine MediaHighlights,Australian market,remains,volatile despite iron ore gains.,Mining stocks supported by iron ore price increase.,Star Entertainment faces continued pressure and potential challenges ahead.,The Australian stock market experienced fluctuations...

ASX 200 Futures Edge Higher Amid Commodity Gains
January 10, 2025 11:08 AM AEDT| By Team Kalkine MediaHighlights:,US Market Observance,: US markets remained closed to honour former President Jimmy Carter, with no fresh session data available.,Commodity Momentum,: Gold, copper, and oil prices strengthened, providing a positive outlook for resource-dri...

Are soaring bauxite prices going to remain high?
January 10, 2025 11:00 AM AEDT| By Team Kalkine MediaHighlights:,Bauxite prices have risen due to supply chain disruptions and growing demand from key markets.,ASX-listed companies involved in bauxite production and exploration are benefiting from the market shift.,Increased activity in exploration and...

ASX 200 Edges Lower Amid Declines in Lovisa and Star Entertainment, Gold Stocks Provide Stability
January 09, 2025 06:21 PM AEDT| By Team Kalkine MediaHighlights,ASX 200 Marginally Down,: The S&P/ASX 200 finished 0.24% lower, recovering from steeper losses earlier in the session.,Sector Movements,: Lovisa (LOV) and Star Entertainment Group (SGR) experienced significant declines, while gold stocks o...

ASX Retreats Amid Profit-Taking and Mixed Economic Data
January 09, 2025 05:03 PM AEDT| By Team Kalkine MediaHighlights,ASX ends a five-day rally, led by losses across industrial stocks.,Retail sales growth underwhelms expectations, adding to cautious sentiment.,Star Entertainment (SGR) suffers a dramatic plunge, losing a third of its value.,The Australian...

ASX Faces Challenges as Consumer Spending Concerns and Corporate Warnings Impact the Market
January 09, 2025 03:12 PM AEDT| By Team Kalkine MediaHighlights,ASX experiences a 0.4% drop, led by significant sell-offs in energy and industrial sectors.,Consumer spending data raises doubts about immediate interest rate cuts.,Star Entertainment (SGR) experiences a dramatic 25.6% plunge amidst liquid...

Why Caution Still Reigns for Investors Eyeing ASX Mining Stocks in 2025
January 09, 2025 03:08 PM AEDT| By Team Kalkine MediaHighlights,Mining stocks face subdued global growth and weak commodity prices.,Australia’s miners continue to struggle after a rough 2024.,Economic challenges point to tough conditions ahead for the sector.,After a challenging 2024, many investors ar...

Bond Traders Stay Firm on February Rate Cut Expectations Amid Weaker Retail Sales
January 09, 2025 01:50 PM AEDT| By Team Kalkine MediaHighlights,Bond traders continue to price in a 66% probability of a rate cut in February.,November retail sales growth fell short of expectations, raising recession concerns.,Analysts forecast slower underlying consumption growth moving forward.,Bond...

China's Core Inflation Gains Momentum: Policy Support Steadies the Economy
January 09, 2025 01:45 PM AEDT| By Team Kalkine MediaHighlights,Core inflation rises 0.4%, signaling the impact of policy measures.,Headline inflation drops to a nine-month low,,mainly due,to weather volatility.,Experts warn that the economic support from stimulus measures may be temporary.,In December...
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ASX Struggles Amid Economic Concerns as Key Stocks Drop
January 09, 2025 12:52 PM AEDT| By Team Kalkine MediaHighlights,ASX,200 index suffers a 0.4% decline with broad-based sector losses.,Retail sales data raises concerns about interest rate cuts.,Star Entertainment (SGR) and Lovisa (LOV) face heavy losses.,The Australian stock market experienced another r...

Australian Retail Sales Dip Despite Boost from Black Friday Events
January 09, 2025 11:54 AM AEDT| By Team Kalkine MediaHighlights,Australian retail turnover rose by 0.8% in November 2024, below expectations.,Growth,observed,in September and October 2024, although November results fell short.,Black Friday events played,a major role,, extending over the entire month.,I...

ASX Retreats After Five-Day Rally Amid Retail Sales Concerns
January 09, 2025 11:30 AM AEDT| By Team Kalkine MediaHighlights,Australian markets ended a five-day rally as retail sales data raises rate concerns.,Energy, mining, and banking sectors led the decline amid falling oil prices.,Star Entertainment (SGR) saw a steep decline due to cash flow concerns.,Austr...

ASX 200 Poised for Gains Amid Tech Recovery and Resource Updates
January 09, 2025 11:22 AM AEDT| By Team Kalkine MediaHighlights:,ASX 200 futures signal rebound:,Futures up 55 points or 0.69%,,indicating,the ASX 200 may end its three-day losing streak.,Tech-led rally boosts Wall Street:,S&P 500 posted its best session since June, led by gains in Tesla, Nvidia, and A...
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The prospects for Microsoft's data center development are promising news for local stakeholders.
January 09, 2025 11:00 AM AEDT| By Team Kalkine MediaHighlights:,Microsoft's reaffirmation of AI-based data center projects bolsters NextDC's trajectory.,Increased capital allocations support ongoing infrastructure development.,Regulatory developments favor NextDC's Sydney data center expansion.,Micros...

ASX Gains Nearly 1% as Financials and Miners Lead Rally
January 08, 2025 04:29 PM AEDT| By Team Kalkine MediaHighlights,Cooling inflation boosts market confidence amid potential rate cuts.,Financial heavyweights CBA and NAB rise over 2%, driving the ASX upward.,Miners recover as key stocks like BHP and RIO rebound from recent losses.,The Australian sharemar...

Historic Tax Fraud Case: First U.S. Citizen Convicted for Bitcoin Tax Crimes
January 08, 2025 03:00 PM AEDT| By Team Kalkine MediaHighlights,The first U.S. citizen faces sentencing for tax crimes tied to cryptocurrency.,A court ruling mandates disclosure of private passcodes linked to $124M in Bitcoin assets.,Ahlgren’s tax fraud case spotlights Bitcoin’s growing relevance in ta...

Citi Stands Firm on its Outlook for No Rate Cut in February Despite Market Speculation
January 08, 2025 02:41 PM AEDT| By Team Kalkine MediaHighlights,Citi sees May as the likely time for RBA rate cut, not February.,Core inflation and low unemployment rates keep the central bank cautious.,Growing market expectations for an earlier reduction.,Recent market speculation suggests that the Re...

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