Market updates

Energy Sector Leads ASX Gains as TechnologyOne and Santos Shine
November 19, 2024 12:06 PM AEDT| By Team Kalkine MediaHighlights,Energy stocks drove the ASX higher amid a surge in crude oil prices.,TechnologyOne,reported strong revenue and profit growth, boosting its shares.,Santos outlined plans for increased shareholder returns starting in 2026.,Australian shares...

Optimism Around China's Stimulus Supports ASX Market
November 18, 2024 04:33 PM AEDT| By Team Kalkine MediaHighlights,ASX indices rise amid hopes for China's economic stimulus.,Commodities, uranium, and gold sectors see notable movements.,Mixed performance observed among major banks and biotech.,The Australian share market extended its gains, driven by op...

Kraft Heinz (NASDAQ:KHC) Sued Over Mac & Cheese Labeling
November 18, 2024 03:06 PM AEDT| By Team Kalkine MediaHighlights,Kraft Heinz faces a US class action over misleading Mac and Cheese labeling,.,The "no artificial preservatives" claim is disputed due to synthetic ingredients,.,Judge Mary Rowland ruled the case can,proceed,, citing plausible consumer clai...

Major GPU Manufacturer Relocates Amid US Export Controls
November 18, 2024 02:42 PM AEDT| By Team Kalkine MediaHighlights,PC Partner,relocates,from Hong Kong to Singapore and lists on SGX.,US export controls target advanced semiconductor technologies.,Chinese semiconductor industry faces challenges due to restrictions.,The graphics processing unit (GPU) secto...

ASX Steady as Uranium and Commodities Surge Lead Select Stocks
November 18, 2024 02:40 PM AEDT| By Team Kalkine MediaHighlights,ASX remained flat with gains in mining offset by declines in tech and health sectors,.,Uranium stocks soared on Russia's export restrictions on enriched nuclear fuel,.,Gold and,aluminium,stocks climbed, buoyed by stronger commodity prices,...

Australia’s Economic Growth Outlook Lowered Amid Trade and Rate Concerns
November 18, 2024 02:06 PM AEDT| By Team Kalkine MediaHighlights,Australia's GDP growth forecast for 2025 revised down to 1.8%,.,Elevated interest rates and potential US-China tariffs impact growth,.,Reserve Bank of Australia expected to ease rates earlier than market expectations,.,Goldman Sachs has re...

ASX Flat Amid Rising Uranium and Aluminum Stocks
November 18, 2024 12:08 PM AEDT| By Team Kalkine MediaHighlights,The Australian market saw mixed performance with commodities stocks rallying,.,Uranium and aluminum stocks surged, fueled by geopolitical developments,.,Health and tech sectors retreated while mining giants outperformed,.,The Australian sh...

ASX Retreats as Resolute Mining Faces Mali Deal Challenges
November 18, 2024 11:30 AM AEDT| By Team Kalkine MediaHighlights,ASX falls with,tech leading,sector losses, while miners and energy stocks rise,.,Resolute Mining declines 5.5% on a $247M deal with Mali authorities,.,FleetPartners,soars,nearly 11%,after exceeding FY24 earnings estimates,.,The Australian...

Surge in Global Oil Demand Drives Market Dynamics in November
November 18, 2024 11:28 AM AEDT| By Team Kalkine MediaHighlights,Global oil demand rose by 1.5 million barrels per day in early November,.,China's crude oil inventories dropped by 22 million barrels this month,.,The US reported a modest rise in crude stocks, contrasting global trends,.,The energy sector...

ASX to Open Flat Amid Global Market Concerns
November 18, 2024 10:30 AM AEDT| By Team Kalkine MediaHighlights,ASX 200 futures drop slightly, reflecting a subdued market start.,Mixed performance across sectors highlights key market divergences.,Commodities and global markets influenced by central bank remarks.,The ASX is set to begin the week on a...

Tekne Capital Highlights Didi at Sohn 2024 Conference
November 15, 2024 05:20 PM AEDT| By Team Kalkine MediaHighlights,Didi named as a key focus at Sohn 2024 by Tekne Capital’s Beeneet Kothari.,The announcement underscores interest in China's ride-hailing industry.,Sohn Hearts & Minds conference gathers global financial leaders in Adelaide.,The Sohn Hearts...

TransDigm Group Spotlighted at Sohn Conference for Aerospace Excellence
November 15, 2024 04:42 PM AEDT| By Team Kalkine MediaHighlights,TransDigm Group was spotlighted at the Sohn Hearts & Minds conference.,Jordan Katz from Advent Global Opportunities emphasized the company’s aerospace,expertise,.,The firm’s role in critical aerospace components gained attention during the...

Hedge Fund Eyes Cellnex at Sohn Hearts & Minds Conference
November 15, 2024 04:40 PM AEDT| By Team Kalkine MediaHighlights,Hedge fund manager highlights Cellnex at a major conference,.,Eminence Capital emphasizes its interest in global stocks,.,Cellnex and Canon discussed in different market contexts,.,The Sohn Hearts & Minds conference in Adelaide showcased a...

ASX Rises with Banks and Utilities Leading the Charge
November 15, 2024 04:37 PM AEDT| By Team Kalkine MediaHighlights,Australian shares saw a lift, supported by gains in utilities and major banks.,APA Group spearheaded the utilities sector rally with robust earnings guidance.,Commonwealth Bank and other major banks recorded steady gains.,Australian shares...

Vaccine Maker Stocks See Decline Following Kennedy’s Appointment to Health Department
November 15, 2024 04:26 PM AEDT| By Team Kalkine MediaHighlights,Vaccine maker shares dip after Kennedy’s appointment announcement.,Moderna and Pfizer experience notable declines.,Analysts and critics share mixed views on Kennedy's potential impact.,The vaccine industry saw a downturn in stock prices af...

Australian Shares Rise as Banks and Utilities Gain Momentum
November 15, 2024 03:02 PM AEDT| By Team Kalkine MediaHighlights,Utilities and major banks fueled the S&P/ASX 200 Index rise at midday,.,APA Group led the utilities sector with a 2.9% gain, maintaining FY25 guidance,.,Lendlease surged in the property sector following a planned $500 million share buyback...

Tesla and Rivals Brace for Tax Credit Repeal Under New US Tax Reforms
November 15, 2024 01:50 PM AEDT| By Team Kalkine MediaHighlights,Federal tax credit for EVs faces repeal under new US tax reforms,.,Tesla's stance supports the subsidy removal, despite sector-wide concerns,.,EV makers like Rivian and Lucid,anticipate,challenges as policy shifts.,The electric vehicle (EV...

Airbus- A Leader in Aviation Facing Market Challenges
November 15, 2024 01:48 PM AEDT| By Team Kalkine MediaHighlights,Airbus is recognized for its leadership in short-haul travel within a duopoly market.,Antipodes Partners’ Vihari Ross shared insights on Airbus at an Adelaide conference.,Airbus shares have experienced slight declines this year.,The aviati...

Terra Capital Highlights Coeur Mining’s Potential in Silver Sector at Sohn Conference
November 15, 2024 01:39 PM AEDT| By Team Kalkine MediaHighlights,Terra Capital’s Jeremy Bond highlights Coeur Mining at Sohn Conference.,Emphasis placed on silver's performance in current market conditions.,Strategic insight into the silver sector provided to delegates.,The Sohn Hearts & Minds conferenc...

Northcape Capital Showcases Estee Lauder’s Resilience at Sohn Conference
November 15, 2024 12:50 PM AEDT| By Team Kalkine MediaHighlights,Northcape,Capital’s Fleur Wright spotlights Estee Lauder’s strengths.,Discussion centers on Estee Lauder’s potential in the beauty sector.,Estee Lauder’s evolving strategy aligns with current market demands.,At the recent Sohn Hearts & Min...

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