Market updates

Iron Ore Prices Drop Amid Concerns Over China's Economic Growth
October 18, 2024 12:14 PM AEDT| By Team Kalkine MediaHighlights,Iron ore prices fall as expectations of significant fiscal stimulus in China diminish.,Singapore and China exchanges see notable declines in iron ore futures.,Market,anticipates,slower GDP growth from China, leading to cautious outlook.,Ir...

Regal Funds Management Indicted by South Korean Authorities for Short-Selling Violations
October 18, 2024 11:36 AM AEDT| By Team Kalkine MediaHighlights,South Korean authorities have indicted Regal Funds Management and a former employee.,The charges relate to breaches of short-selling laws in South Korea.,Regal Funds Management denies the allegations, which stem from a single day of tradin...

ASX Hits Record High as Energy Stocks Surge
October 17, 2024 07:08 PM AEDT| By Team Kalkine MediaHighlights,ASX reaches record high, driven by energy stocks.,AMP surges with strong financial returns and business growth.,Key sectors like banking, energy, and mining show notable movement.,Australian shares have set a new record high, bolstered by...
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China Expands Housing Support to Boost Real Estate Market
October 17, 2024 05:36 PM AEDT| By Team Kalkine MediaHighlights,China plans to expand its “white list” for housing projects.,Bank lending for approved projects will increase to 4 trillion yuan.,Over 5,300 projects have been approved with significant funding already.,China is taking additional steps to...

ASX Reaches Record High as AMP, Santos, and Woodside Lead the Surge
October 17, 2024 02:57 PM AEDT| By Team Kalkine MediaHighlights,ASX 200 hits a new record high, led by energy and financial sectors.,AMP sees strong growth, shares rise significantly.,Santos and Woodside surge following oil price gains.,The Australian stock market has surged to a new record, with the S...

China Stocks Rise Amid Anticipation of Property Market Support
October 17, 2024 01:52 PM AEDT| By Team Kalkine MediaHighlights,China stocks surged ahead of a key housing ministry briefing.,CSI 300 Index and Hang Seng China Enterprises Index saw notable gains.,Investors show caution despite hints of strong government measures.,Chinese stocks rose significantly as m...

Australian Dollar Strengthens as Bond Yields Rise Following Strong Job Report
October 17, 2024 01:17 PM AEDT| By Team Kalkine MediaHighlights,Australian dollar rises as job report beats expectations.,Bond yields increase with the three-year return reaching 3.80%.,Market odds of an RBA rate cut by December decline significantly.,The Australian dollar saw a notable rise of 0.3%, r...

ASX200 Expected to Rise Amid Strong Market Performance
October 17, 2024 12:45 PM AEDT| By Team Kalkine MediaHighlights,ASX200 set for a potential rise today.,BHP exceeds iron ore sale estimates in the September quarter.,Commonwealth Bank fined for customer spamming.,The ASX200 is projected to rise by 0.67% around 8:30 AM Sydney time, indicating the Austral...

ASX Loses Momentum Following Weaker Jobs Data
October 17, 2024 11:49 AM AEDT| By Team Kalkine MediaHighlights,ASX edges lower after employment data,misses,forecasts.,Real estate sector sees cooling after early gains.,Unemployment rate drops slightly despite weaker job growth.,The Australian Stock Exchange saw gains trimmed after the release of Aus...

Governance and Leadership at Treasury Wines & Qantas Chair Speaks
October 17, 2024 11:28 AM AEDT| By Team Kalkine MediaHighlights,Treasury Wines,chairman,discusses governance challenges.,John Mullen addresses his multiple roles in corporate Australia.,A shareholder protest highlights concerns at Treasury Wines' annual meeting.,John Mullen, the chairman of Treasury Wi...

ASX Retreats from Record High Amid Market Sector Weakness
October 16, 2024 05:58 PM AEDT| By Team Kalkine MediaHighlights,ASX dips 0.32% after reaching record highs yesterday.,Tech and Consumer Staples sectors led market weakness.,Financial and Real Estate sectors saw marginal gains.,The Australian Securities Exchange (ASX) experienced a day of mixed trading,...

US Department of Justice Explores Breaking Up Google in Landmark Antitrust Case
October 16, 2024 05:21 PM AEDT| By Team Kalkine MediaHighlights,DOJ considers splitting Google’s core business from other key products.,A court ruling found Google violated antitrust laws, calling it a monopolist.,Potential outcomes could reshape how users interact with search engines.,The U.S. Departm...

ASX Sees Slight Drop, Mining and Tech Stocks Under Pressure
October 16, 2024 03:37 PM AEDT| By Team Kalkine MediaHighlights,Australian shares fell slightly on Wednesday, led by tech stocks,Evolution Mining surged alongside gold prices near record highs,Financials gained, with Bank of Queensland rising on profit results,Australian shares experienced a slight dip...

Myer’s Executive Revamp Led by Olivia Wirth with Key Hires from Qantas
October 16, 2024 03:31 PM AEDT| By Team Kalkine MediaHighlights,Myer undergoes a leadership shakeup under Olivia Wirth's direction.,Former Qantas executives join Myer in key transformation roles.,Major changes aim to strengthen Myer’s core business and drive growth.,Myer is undergoing significant leade...

Government Spending Surge in Australia Poses Growing Challenge for the Economy
October 16, 2024 03:02 PM AEDT| By Team Kalkine MediaHighlights,Australian government spending is at record-high levels, impacting economic targets.,State debts continue to rise, while federal debt remains lower for now.,Public sector wages and infrastructure projects are key contributors to the spendi...

ASX Slips as Energy and Mining Sectors Lead Declines
October 16, 2024 01:02 PM AEDT| By Team Kalkine MediaHighlights,Australian stocks decline as resource-linked sectors fall.,Energy and mining companies lead losses amid global shifts.,Major banks show mixed performance.,The Australian stock market experienced a pullback, with the S&P/ASX 200 index shedd...

Graphene Manufacturing Group Named Among Australia's Top Innovators in 2024
October 16, 2024 11:21 AM AEDT| By Team Kalkine MediaHighlights,GMG recognized for innovation in graphene and clean technology.,Achievements in energy storage and electronics highlighted.,Award underscores the company's mission to drive sustainable solutions.,Graphene Manufacturing Group (GMG) has been...
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IMARC 2024 to Spotlight Decarbonisation and Sustainability in Australia’s Top Mining Conference
October 15, 2024 06:28 PM AEDT| By Team Kalkine MediaHighlights,IMARC 2024 highlights global speakers and sustainability themes.,The event features technical talks, panels, and keynotes across three days.,Topics include ESG, supply chains, and circular economy initiatives.,As the mining industry looks...

ASX Closes Higher with Financials Leading Gains, Energy Sector Lags
October 15, 2024 06:11 PM AEDT| By Team Kalkine MediaHighlights,ASX ends with a 0.79% rise at 8,318.4 points.,Financial sector leads with strong performances from major banks.,Energy stocks fall amid declining oil prices.,The Australian Securities Exchange closed 0.79% higher at 8,318.4 points on Octob...

Bronte Capital Reassesses Strategy After Challenging Month
October 15, 2024 03:52 PM AEDT| By Team Kalkine MediaHighlights,Bronte Capital faced its worst month since 2022.,Review of strategy underway to reduce risks.,Notable losses from long holdings like Visa and Alphabet.,Bronte Capital, led by John Hempton, experienced a tough September as the hedge fund po...

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