Market updates

AUSTAL SECURES $220 MILLION DEAL WITH U.S. NAVY
September 23, 2024 11:10 AM AEST| By Team Kalkine MediaAustal Limited (ASX: ASB), a global defense shipbuilding company, has announced a new contract worth $220 million (USD 152 million) with the United States Navy. This contract is aimed at providing critical support for the delivery of one Columbia-cla...

HEALIUS TO SELL LUMUS IMAGING FOR $800M, PLANS TO REDUCE DEBT
September 23, 2024 11:09 AM AEST| By Team Kalkine MediaHealius Limited (ASX: HLS), a prominent player in the Australian pathology and diagnostic imaging sector, has announced the sale of its Lumus Imaging business to funds managed by Affinity Equity Partners for an enterprise value of $965 million. This...

REA GROUP MAKES THIRD BID FOR BRITAIN'S RIGHTMOVE
September 23, 2024 11:07 AM AEST| By Team Kalkine MediaREA Group (ASX: REA), a prominent property listings company backed by News Corp (NASDAQ: NWS), has made a renewed bid to acquire UK-based property platform Rightmove (LSE: RMV). The latest offer values Rightmove at £6.1 billion ($11.9 billion), or £7...

Australia’s Most Powerful Deal Makers in 2024
September 23, 2024 10:54 AM AEST| By Team Kalkine MediaThe landscape of capital markets in Australia during 2024 reveals a complex interplay of optimism and caution. Although significant capital reserves exist among the country's leading private equity firms, the anticipated rebound in deal-making has la...

ASX 200 Decline Expected Amid Key Updates: RBA Meeting, Inflation Data, and Corporate Developments
September 23, 2024 10:01 AM AEST| By Team Kalkine MediaThe ASX 200 is forecasted to experience a downturn, with futures down 0.8% to 8190 points, following last week's record highs. A range of important economic events and corporate updates are expected to influence market movements.,The Australian Compe...

ASX Market Update: Marginal Gains Expected as Investors Await RBA Decision
September 23, 2024 09:45 AM AEST| By Team Kalkine MediaThe ASX200 is projected to open 0.11% higher today, building on Friday’s record close of 8209.5 points. Investors are focused on the upcoming Reserve Bank of Australia (RBA) meeting this week, with attention centered on potential developments in the...

ASX 200 Expected to Fall, S&P 500 Retreats, Gold and Uranium Stocks Climb
September 23, 2024 09:43 AM AEST| By Team Kalkine MediaAs of 8:30 am AEST, the ASX 200 futures are trading 68 points lower, down 0.83%, indicating a potential downturn in today's session.,Market Update,Last Friday, the stock market appeared to pause after an extended rally, driven by expectations of rate...

Rio Tinto Chairman Warns Mining Deals Won’t Solve Supply Crisis
September 23, 2024 09:34 AM AEST| By EODHD(Bloomberg) -- The world needs more mines to cope with rising demand for key energy-transition metals like copper, as mergers and acquisitions will not plug a looming supply gap, Rio Tinto Group Chair...

Australia's REA sweetens takeover offer for Britain's Rightmove to $8.1 billion
September 23, 2024 09:12 AM AEST| By EODHD(Reuters) - Australian property listing firm REA Group said on Monday Britain's largest real estate portal Rightmove had rejected its sweetened 6.1 billion pounds ($8.12 billion)cash-and-stock takeove...

Australia Alternative Lending Market Databook 2024 - Draft Legislation to Bring BNPL Services Under the Existing Regulatory Framework for Credit Products - ResearchAndMarkets.com
September 21, 2024 05:41 AM AEST| By Business WireDUBLIN--(BUSINESS WIRE)--The "Australia Alternative Lending Market Business and Investment Opportunities Databook - 75+ KPIs on Alternative Lending Market Size, By End User, By Finance Model, By Payme...

Murdoch-backed REA sweetens offer for UK's Rightmove to nearly $7.9 billion, FT reports
September 21, 2024 03:33 AM AEST| By EODHD(Reuters) - Australia's REA Group has made a second takeover proposal for Britain's largest real estate portal, Rightmove, valuing the business at close to 5.9 billion pounds ($7.86 billion), the Fina...

The Morning Update: ASX Poised for Continued Gains; Jobs Data Temper Rate Hike Expectations at Home
September 20, 2024 07:41 PM AEST| By Team Kalkine MediaThe Australian Securities Exchange (ASX) is poised to continue its positive momentum today, with futures indicating a rise of 0.61% to 8,191.9 points, building on yesterday's achievement of a new 100-day high.,Rate Cut Timeline Adjusted,Recent data f...

ASX Small Caps Lunch Update: Technology Leads as Market Achieves New Record on US Economic Optimism
September 20, 2024 07:39 PM AEST| By Team Kalkine MediaASX 200 Reaches New Peak Before Minor Dip Amid Positive US Economic Sentiment,The ASX 200 achieved another personal best this morning, reflecting renewed optimism regarding the US economy and creating a positive ripple effect in local markets. At the...

U.S. Reports Bullish Crude Oil Market Statistics Despite Gulf of Mexico Storm Impacts, Macquarie Says
September 20, 2024 07:13 PM AEST| By EODHDU.S. Reports Bullish Crude Oil Market Statistics Despite Gulf of Mexico Storm Impacts, Macquarie Says

ASX Market Update: Gains Trimmed as Miners and Health Sector Slip
September 20, 2024 05:46 PM AEST| By Team Kalkine MediaThe Australian Securities Exchange (ASX) has experienced a slight setback, trimming earlier gains and settling flat as several key sectors, particularly mining and healthcare, turned negative. Despite reaching an intraday high of 8,246.2 points—marki...

Index Reaches Highest Closing Level in History
September 20, 2024 05:32 PM AEST| By Team Kalkine MediaThe ASX200 closed up by 0.2% at 8,209 points, finishing the week just shy of the all-time high of 8,246 set during intraday trading. Australian markets continue to reflect the positive sentiment from Wall Street, bolstered by growing investor confide...

Arcadium Lithium (ASX: LTM) Navigates Market Challenges and Growth Opportunities
September 20, 2024 05:07 PM AEST| By Team Kalkine MediaArcadium Lithium,(ASX: LTM),, a US-Australian lithium giant, is adapting to market conditions by pausing hard rock developments in Canada and planning to close the Mt Cattlin mine in Western Australia next year. Despite these adjustments, the company...

Market Reactions to the Recent US Fed Interest Rate Cut and Implications for Australia
September 20, 2024 04:27 PM AEST| By Team Kalkine MediaThis week marked a significant shift as the US Federal Reserve cut interest rates by 50 basis points. While many anticipated this move, the immediate reaction from the markets was unexpected—stock indices declined. The cut, initially seen as a positi...

Australian Shares Set for Rally Following Record Highs on Wall Street
September 20, 2024 03:24 PM AEST| By Team Kalkine MediaAustralian shares are positioned to continue their upward momentum after US equities reached new heights, fueled by optimism that Federal Reserve policymakers have laid the groundwork for a smooth economic transition.,ASX Futures Show Positive Outloo...

3Fourteen Research Emphasizes Need for Equities Amid Changing Market Dynamics
September 20, 2024 03:22 PM AEST| By Team Kalkine MediaIn a recent report, Warren Pies of 3Fourteen Research highlighted significant shifts in market dynamics following the US Federal Reserve’s recent policy adjustments. Pies noted that investors should consider reducing their bond holdings while increas...

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