Market updates

ASX Market Update: Discretionary Stocks Lead Gains Amid Real Estate and IT Support
October 29, 2024 05:47 PM AEDT| By Team Kalkine MediaHighlights,ASX gains driven by strength in Real Estate, IT, and Discretionary stocks.,Health Care, Energy, and Telecommunications see declines in performance.,Key news on Myer acquisition and Bluescope guidance adjustments.,The Australian Stock Excha...

Asian Battery Metals Discovers High-Grade Copper-Nickel at Oval Project in Mongolia
October 29, 2024 05:33 PM AEDT| By Team Kalkine MediaHighlights,Asian Battery Metals reports high-grade copper-nickel findings at its Oval prospect in Mongolia.,Key intercepts show promising copper, nickel, and cobalt mineralisation, with a focus on further exploration.,Phase 1 drilling completed with...

BlueScope Steel Lowers Profit Forecast Amid Economic and Industry Pressures
October 29, 2024 04:54 PM AEDT| By Team Kalkine MediaHighlights,BlueScope Steel revises profit expectations due to global challenges.,Focus on cost-efficiency initiatives to sustain long-term growth.,Anticipates stable domestic demand despite international pressures.,BlueScope Steel (ASX:BSL) has revis...

Oil Prices Steady After Sharp Decline Amid Geopolitical Shifts and Economic Focus
October 29, 2024 04:14 PM AEDT| By Team Kalkine MediaHighlights,Oil prices stabilize after a significant dip amid Middle East developments.,Focus shifts to US economic data and potential Federal Reserve decisions.,OPEC+ prepares for production adjustments, impacting market dynamics.,Oil markets found b...

Boutique Funds Outshine Larger Rivals with Impressive Q3 Returns
October 29, 2024 03:10 PM AEDT| By Team Kalkine MediaHighlights,Boutique funds in Australia excelled, surpassing larger investment players in Q3.,Paragon's focus on commodities and Pengana’s healthcare-backed returns led gains.,Emerging companies also showed strong performances, notably in tech and aqu...

3 Undervalued Small-Cap Stocks in Australia with Recent Insider Confidence
October 29, 2024 02:24 PM AEDT| By Team Kalkine MediaHighlights,Australian small caps with strong fundamentals and insider confidence,Corporate Travel, Insignia Financial, and Jumbo Interactive,demonstrate,growth potential,Insider share purchases,indicate,strategic confidence in company trajectories,Th...

Australian Shares Edge Up as Myer and Premier Investments Strike Deal, Cettire Dips
October 29, 2024 01:58 PM AEDT| By Team Kalkine MediaHighlights,Australian,sharemarket,rises with gains in consumer and real estate stocks.,Myer,set,to,acquire,Premier Investments’ apparel brands, boosting Premier shares.,Cettire,shares slump after disappointing trading update.,The Australian sharemark...

ASX Gains as Premier Surges; BlueScope and Cettire Slip Amid Mixed Performances
October 29, 2024 01:32 PM AEDT| By Team Kalkine MediaHighlights,ASX gains as consumer and real estate stocks advance.,Premier,Investments,shares surge, leading ASX gains.,BlueScope and,Cettire,see declines amid profit updates.,The Australian sharemarket advanced on the back of Wall Street’s positive pe...

Rising Financial Strain Drives Increase in ASX "Zombie" Companies
October 29, 2024 12:40 PM AEDT| By Team Kalkine MediaHighlights,Surge in distressed ASX-listed companies tied to falling battery mineral prices.,Mining sector sees the highest rise in financial distress, followed by technology and retail.,Persistent inflation and high-interest rates impact profit margi...

Bitcoin Surges Past Key Milestone Ahead of Upcoming U.S. Election
October 29, 2024 12:32 PM AEDT| By Team Kalkine MediaHighlights,Bitcoin,rises,above $US70,000 for the first time since June.,Increasing demand from exchange-traded funds (ETFs) bolsters growth.,Upcoming U.S. election sparks market speculation, driving digital asset interest.,As global markets gear up f...

Orion Minerals Advances Prieska and Okiep Copper Projects
October 29, 2024 12:30 PM AEDT| By Team Kalkine MediaHighlights,Orion Minerals appoints new leadership and consultants for project feasibility.,Key optimizations underway for,Prieska,Copper-Zinc Mine.,Flat Mines Project feasibility on track for external review by year’s end.,Orion Minerals Ltd (ASX:ORN...

Key Developments This Week: AU Economy, ASX AGMs, and US Employment Data
October 28, 2024 05:39 PM AEDT| By Team Kalkine MediaHighlights,Australian data releases on CPI and retail sales may impact inflation outlook.,Key AGMs from ASX companies like CBA and Qantas offer strategic updates.,US unemployment data could influence Federal Reserve's upcoming decisions.,Australia’s...
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ASX Gains on MinRes and WiseTech Rebound Amid Sector-Wide Shifts
October 28, 2024 05:23 PM AEDT| By Team Kalkine MediaHighlights,ASX lifted by technology and mining sectors as Mineral Resources and WiseTech see gains.,Anticipation builds for Reserve Bank's inflation report and potential rate decisions.,Mining stocks see uptick with rising demand, while energy stocks...

China’s New Economic Stimulus Boosts Dalian Iron Ore Prices
October 28, 2024 04:26 PM AEDT| By Team Kalkine MediaHighlights,Dalian iron ore futures rise amid fresh China stimulus.,Central bank introduces new tool to inject liquidity.,Benchmark iron ore prices surge on Singapore Exchange.,Dalian iron ore futures reached over a week high on Monday, fueled by a fr...

China’s New Lending Tool Aims to Boost Liquidity as Loan Expiries Loom
October 28, 2024 03:03 PM AEDT| By Team Kalkine MediaHighlights,China introduces a new lending tool to support liquidity.,The People’s Bank of China (PBOC) targets stability in the banking system.,$620 billion in loans set to mature by year-end.,China’s central bank, the People’s Bank of China (PBOC),...

Champion Iron’s (TSX:CIA) Fundamentals Shine Despite Recent Stock Decline
October 28, 2024 02:16 PM AEDT| By Team Kalkine MediaHighlights,Champion Iron’s fundamentals,remain,robust amid recent stock declines.,Return on Equity (ROE),indicates,strong,financial management,and growth potential.,Analysts project a steady payout ratio but,anticipate,a decrease in ROE.,Champion Iro...

Australia’s Economic Outlook Amid Potential US Election Impact
October 28, 2024 01:44 PM AEDT| By Team Kalkine MediaHighlights,Australian Treasury and RBA prepare for economic shifts post-US election,Key concerns include tariffs, inflationary policies, and bond rate adjustments,Potential outcomes weigh heavily on Australia’s trade and economic stability,The Treasu...

Asian Battery Metals Discovers High-Grade Copper-Nickel Sulphides in Mongolia
October 28, 2024 12:46 PM AEDT| By Team Kalkine MediaHighlights,Asian Battery Metals' drilling success shows high-grade copper-nickel potential in Mongolia.,Hole OVD021 reveals 8.8 meters at 6.08% copper, 3.19% nickel.,Drilling to recommence soon, focusing on extension of high-grade zones.,Asian Batter...

Australian Stock Market Remains Steady as Tech Gains Offset Energy Decline
October 28, 2024 12:24 PM AEDT| By Team Kalkine MediaHighlights,Tech stocks lead gains, offsetting energy sector losses.,ANZ faces a $196 million charge linked to Suncorp acquisition.,Mixed performance seen across major sectors, including mining and financials.,Australian stocks held relatively steady...

ASX Steady Amid Mining and Tech Gains, Energy Sector Softens
October 28, 2024 12:11 PM AEDT| By Team Kalkine MediaHighlights,Tech and mining stocks lifted ASX on Monday despite energy sector weakness.,Iron ore price gains supported key miners like BHP, Rio Tinto, and Fortescue.,Energy stocks faced declines, tracking a dip in global oil prices.,Australian shares...

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