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Market updates
Virgin Australia’s Profits Continue to Soar as Bain Capital Reaps Over $1 Billion
October 15, 2024 12:37 PM AEDT| By Team Kalkine MediaHighlights,Virgin Australia reports significant profit increase for the second consecutive year.,Bain Capital has gained over,$1 billion,since,acquiring,Virgin Australia.,Qatar Airways plans to,acquire,a 25% stake in Virgin Australia.,Virgin Australi...
Chinese Steel Exports Reach Highest Levels Since 2016 Amid Global Concerns
October 15, 2024 12:29 PM AEDT| By Team Kalkine MediaHighlights,Chinese steel exports hit highest levels since 2016.,Exports increase despite trade tensions and market challenges.,Domestic market slowdown contributes to export surge.,Chinese steel exports in September reached their highest levels in se...
Bitcoin Rises After Harris Pledges Support for Crypto Regulation
October 15, 2024 11:47 AM AEDT| By Team Kalkine MediaHighlights,Bitcoin sees notable rise after Harris' crypto framework pledge.,Smaller cryptocurrencies like Ether and Solana also gained.,Bitcoin-related companies experienced a surge in shares.,Bitcoin reached its highest point in two weeks following...
Crown Melbourne Penalized for Failing to Enforce Self-Exclusion Rules
October 15, 2024 11:16 AM AEDT| By Team Kalkine MediaHighlights,Crown Melbourne fined due to self-exclusion breaches,242 self-excluded gamblers placed bets between 2023 and 2024,Victorian regulator orders improvements to prevent future violations,Crown Melbourne, owned by Blackstone, has been fined $2...
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ASX200 Nears Record as Miners Surge
October 14, 2024 06:12 PM AEDT| By Team Kalkine MediaHighlights,ASX200 rises slightly, led by miners.,Materials sector sees strong growth, while discretionary lags.,GenusPlus and Lincoln Minerals make company announcements.,The ASX200 index increased by 0.26%, reaching 8,236 points, as gains across the...
Resources Funds See Rebound Amid Global Policy Shifts
October 14, 2024 04:21 PM AEDT| By Team Kalkine MediaHighlights,Resources funds recover following policy shifts from China and the US.,Tribeca, Ausbil, and Perennial benefit from commodity demand resurgence.,Key holdings in copper, uranium, and battery materials lead performance.,Resources funds are ex...
China's Property Stocks Surge Amid Stimulus Promises
October 14, 2024 04:02 PM AEDT| By Team Kalkine MediaHighlights,Chinese property stocks experience gains during a volatile session.,Shanghai Composite and CSI 300 increase over 1.5%.,Hong Kong's Hang Seng Index faces fluctuations amid heavy trade.,Chinese property stocks surged on Monday as markets res...
Leading ASX Growth Companies Backed by High Insider Ownership in October 2024
October 14, 2024 03:04 PM AEDT| By Team Kalkine MediaHighlights,Cettire,shows high insider confidence with significant insider ownership.,Liontown,Resources,anticipates,robust revenue growth despite recent net losses.,Pinnacle Investment Management experiences moderate growth and improved governance.,T...
US Election Gridlock Seen as Potential Market Booster
October 14, 2024 02:12 PM AEDT| By Team Kalkine MediaHighlights,Gridlock scenario in the US election may refocus markets on company fundamentals.,Geopolitical risks in the Middle East continue to pose market challenges.,Election outcomes are historically short-term market influencers.,In the lead-up to...
Virgin Australia Sees Significant Earnings Growth Amid Industry Challenges
October 14, 2024 02:05 PM AEDT| By Team Kalkine MediaHighlights,Virgin Australia reports strong earnings growth for FY24.,Revenue increases despite supply chain issues and competition.,Qatar Airways,purchases,a stake in Virgin Australia, intensifying competition.,Virgin Australia has reported a notable...
China’s Economic Growth Forecasts Raised After New Policy Measures
October 14, 2024 01:16 PM AEDT| By Team Kalkine MediaHighlights,China’s growth forecasts upgraded for 2024 and 2025.,New public spending measures introduced by Beijing.,Greater fiscal support expected to drive economic rebound.,China’s economic outlook has improved following a series of policy moves by...
Commodities Slip as China’s Fiscal Stimulus Falls Short
October 14, 2024 12:32 PM AEDT| By Team Kalkine MediaHighlights,China's limited fiscal moves impact commodities.,Iron ore and copper futures see drops following the announcement.,Brent crude futures also decline as China's demand outlook,remains,uncertain.,Commodities took a hit following China's recen...
Alma Metals Secures 51% Stake in Briggs Copper Project with Plans for Expansion
October 14, 2024 12:05 PM AEDT| By Team Kalkine MediaHighlights,Alma Metals secures 51% ownership of Briggs Copper Project.,Infill drilling reveals promising copper grades from surface levels.,Alma aims to increase its stake in the project to 70%.,Alma Metals (ASX:ALM) has officially acquired a 51% int...
Rising Defaults Among Private Equity-Backed Companies Moody's Report
October 11, 2024 05:47 PM AEDT| By Team Kalkine MediaHighlights,Private equity-backed companies show higher default rates.,Platinum Equity leads defaults among major private equity firms.,Floating-rate debt plays a role in increased defaults.,Private equity-backed companies are defaulting at a higher r...
ASX200 Dips, Gold Stocks Surge with Nagambie and Genesis Leading
October 11, 2024 05:28 PM AEDT| By Team Kalkine MediaHighlights,Gold price rose by 0.43% amid US economic concerns.,Genesis Minerals gained 1.48% due to rising gold prices.,Nagambie Resources surged 35.71% on upcoming diamond drilling news.,The ASX200 index experienced a slight dip, closing 0.1% lower...
ASX Dips as Gold Stocks Climb, WiseTech Founder Reduces Stake
October 11, 2024 04:36 PM AEDT| By Team Kalkine MediaHighlights,ASX slides slightly, gold stocks rise,WiseTech founder reduces shares,US economic data affects global markets,The Australian stock market saw a slight decline on Friday, with the S&P/ASX 200 Index dipping by 0.1%, or 8.5 points, to close a...
Inflation Surge and Central Bank Challenges: Global & Australian Impact
October 11, 2024 04:24 PM AEDT| By Team Kalkine MediaHighlights,Rising inflation concerns challenge central bank strategies.,Bond market reacts to inflation and interest rate shifts.,Australia faces unique inflation pressures amid global trends.,The global financial landscape is undergoing significant...
Chinese Stocks Drop as Investors Await Key Fiscal Stimulus Announcement
October 11, 2024 03:26 PM AEDT| By Team Kalkine MediaHighlights,CSI 300 Index fell by 1.6%, extending losses for the week to 2.1%.,Investors await the Ministry of Finance briefing on potential fiscal stimulus.,Concerns rise about market rally sustainability ahead of new policy announcements.,Chinese st...
ASX200 Falls as Block and Capricorn Metals Rise
October 11, 2024 03:08 PM AEDT| By Team Kalkine MediaHighlights,ASX200 dips 0.14%, ending at 8,211 points.,Block gains 3.6% after a strong Wall Street session and product launch.,Capricorn Metals rises 2.7% as gold prices surge.,The ASX200 experienced a decline of 0.14%, closing at 8,211 points. This d...
ASX Dips Amid Inflation Concerns; Gold Miners and SiteMinder Shine
October 11, 2024 02:21 PM AEDT| By Team Kalkine MediaHighlights,ASX set to end lower amid inflation and jobless claims concerns.,Gold miners, including Regis Resources and Genesis Minerals, rally.,SiteMinder surges as tech stocks see significant movement.,The Australian share market is positioned to fi...
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