Market updates


 AUSTAL SECURES $220 MILLION DEAL WITH U.S. NAVY

AUSTAL SECURES $220 MILLION DEAL WITH U.S. NAVY

September 23, 2024 11:10 AM AEST| By Team Kalkine Media

Austal 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

HEALIUS TO SELL LUMUS IMAGING FOR $800M, PLANS TO REDUCE DEBT

September 23, 2024 11:09 AM AEST| By Team Kalkine Media

Healius 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

REA GROUP MAKES THIRD BID FOR BRITAIN'S RIGHTMOVE

September 23, 2024 11:07 AM AEST| By Team Kalkine Media

REA 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

Australia’s Most Powerful Deal Makers in 2024

September 23, 2024 10:54 AM AEST| By Team Kalkine Media

The 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

ASX 200 Decline Expected Amid Key Updates: RBA Meeting, Inflation Data, and Corporate Developments

September 23, 2024 10:01 AM AEST| By Team Kalkine Media

The 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

ASX Market Update: Marginal Gains Expected as Investors Await RBA Decision

September 23, 2024 09:45 AM AEST| By Team Kalkine Media

The 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

ASX 200 Expected to Fall, S&P 500 Retreats, Gold and Uranium Stocks Climb

September 23, 2024 09:43 AM AEST| By Team Kalkine Media

As 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

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

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

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 Wire

DUBLIN--(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

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

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 Media

The 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

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 Media

ASX 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

U.S. Reports Bullish Crude Oil Market Statistics Despite Gulf of Mexico Storm Impacts, Macquarie Says

September 20, 2024 07:13 PM AEST| By EODHD

U.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

ASX Market Update: Gains Trimmed as Miners and Health Sector Slip

September 20, 2024 05:46 PM AEST| By Team Kalkine Media

The 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

Index Reaches Highest Closing Level in History

September 20, 2024 05:32 PM AEST| By Team Kalkine Media

The 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

Arcadium Lithium (ASX: LTM) Navigates Market Challenges and Growth Opportunities

September 20, 2024 05:07 PM AEST| By Team Kalkine Media

Arcadium 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

Market Reactions to the Recent US Fed Interest Rate Cut and Implications for Australia

September 20, 2024 04:27 PM AEST| By Team Kalkine Media

This 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

Australian Shares Set for Rally Following Record Highs on Wall Street

September 20, 2024 03:24 PM AEST| By Team Kalkine Media

Australian 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

3Fourteen Research Emphasizes Need for Equities Amid Changing Market Dynamics

September 20, 2024 03:22 PM AEST| By Team Kalkine Media

In 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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