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ASX Stock Update: Notable Movers and Market Trends
September 26, 2024 06:20 PM AEST| By Team Kalkine MediaHighlights,The ASX 200,has opened,approximately 0.6% higher following positive developments in the iron ore market.,Star Entertainment Group is expected to release its financial report, revealing secured loans to navigate current challenges.,Premier1...
ASX Gains Momentum as China Unveils Stimulus Measures
September 26, 2024 05:36 PM AEST| By Team Kalkine MediaHighlights,The Australian sharemarket experienced a notable rally, with the S&P/ASX 200 Index rising 1% due to positive stimulus news from China.,Major mining stocks, including Rio Tinto and BHP Group, saw significant gains amidst higher iron ore pri...
ASX Climbs Amid Broad Rally as Star Entertainment Reports Billion Loss
September 26, 2024 03:26 PM AEST| By Team Kalkine MediaHighlights,ASX rises broadly despite a mixed session on Wall Street.,Star Entertainment reports a $1.7 billion loss.,Brickworks gains 8.1% despite posting a net loss.,The Australian sharemarket experienced a broad rally on Thursday, pushing the S&P/A...
ASX200 Gains Across All Sectors Led by Retailers and Gaming Stocks
September 26, 2024 03:01 PM AEST| By Team Kalkine MediaHighlights,ASX200 rises, with all sectors performing positively.,Retailers and gaming stocks drive Consumer Discretionary sector gains.,Iron ore prices fluctuate, slowing after,initial,growth.,The ASX200 index showed solid gains at midday, up 0.8%, w...
ASX200 Gains Amid Mixed Global Markets
September 26, 2024 02:45 PM AEST| By Team Kalkine MediaHighlights,The ASX200 has shown positive movement amid mixed global markets.,Utilities and Telecommunications sectors lead the gains today.,Washington H Soul Pattinson reports a profit decline while increasing dividends.,The ASX200 index has shown re...
DroneShield Showcases Innovation at ASX Small and Mid Cap Conference
September 26, 2024 12:35 PM AEST| By Team Kalkine MediaHighlights,DroneShield Ltd showcased its counter-UAS technology at the ASX Small and Mid Cap Conference.,The company provides tailored and off-the-shelf solutions for military, government, and commercial sectors.,CEO Oleg Vornik emphasized the growin...
Australian Markets Rally Despite Wall Street's Lower Finish
September 26, 2024 12:29 PM AEST| By Team Kalkine MediaHighlights,The S&P/ASX 200 rises 0.56% to 8,172, led by strong consumer discretionary stocks.,TPG Telecom shines with a 3.66% increase, while Reece falls 1.5%.,Gold trades at $2,681.80 per ounce; iron ore rises to $96.35 per tonne.,The S&P/ASX 200 in...
Washington H Soul Pattinson Reports Decline in Profit Amid Resilience in Dividends
September 26, 2024 12:13 PM AEST| By Team Kalkine MediaHighlights,Washington H Soul Pattinson FY2024 profit fell 27.8% to $498.8 million, largely due to lower subsidiary contributions.,The dividend rose 9.2% to 95 cents per share.,Brickworks reported a $119 million statutory loss in FY2024, affected by p...
ASX200 Set for Gains as Iron Ore Prices Strengthen
September 26, 2024 11:51 AM AEST| By Team Kalkine MediaHighlights,The ASX200 is projected to rise by 0.4% at the opening, driven by stronger iron ore prices.,Iron ore prices have increased by 1.75%, reaching $96.40 on the Singapore Exchange, influenced by China's stimulus plans.,Washington H. Soul Pattin...
ASX Sees Broad Rally Amid Mixed Global Markets
September 26, 2024 11:29 AM AEST| By Team Kalkine MediaHighlights,The S&P/ASX 200 Index opened with a 0.7% increase, boosted by gains across most sectors.,Key performers include Wesfarmers and JB Hi-Fi, both showing solid upward movement.,Brickworks surged 5% despite reporting a statutory net loss for FY...
ASX to Open Higher as Wall Street Experiences Declines
September 26, 2024 10:29 AM AEST| By Team Kalkine MediaAustralian shares are set for an increase, supported by a slight rise in futures, while Wall Street saw declines in major indices. Wall Street's session was influenced by key companies like Amgen Inc. (NASDAQ:AMGN), Chevron Corporation (NYSE:CVX), an...
Goldman Sachs Lowers 10-Year Yield Forecasts for US, Germany, Japan
September 26, 2024 10:17 AM AEST| By Team Kalkine MediaGoldman Sachs has recently revised its forecasts for 10-year government bond yields in key markets, including the United States, Germany, and Japan. The Wall Street institution adjusted these projections in response to evolving market dynamics and gl...
Global Markets Overview and ASX Opening Outlook
September 26, 2024 10:15 AM AEST| By Team Kalkine MediaSummary Points,US markets closed mixed as investors weighed Fed rate cut expectations and AI demand signals.,Oil prices dropped over 2% due to easing supply concerns and weak demand forecasts.,Australian small caps, including QMines Ltd and Brookside...
ASX to Open Slightly Higher Despite Wall Street's Dip
September 26, 2024 09:55 AM AEST| By Team Kalkine MediaThe Australian market is set for a modest rise on Thursday as the,ASX200,futures contract pointed to a 0.2% increase at 8 a.m. AEST. Despite this, stocks in the U.S. had a challenging session, with the S&P 500 down 0.19%, the Dow Jones dropping 0.7%,...
ASX Set to Rise Amid Iron Ore Price Increase; Platinum Asset Management Rejects Regal Bid; Soul Pattinson Reports Profit Decline
September 26, 2024 09:53 AM AEST| By Team Kalkine MediaAustralian shares are positioned for a potential rise, buoyed by the rally in iron ore prices, despite Wall Street's mixed performance overnight. The ASX futures index indicated a 0.2% gain, with a rise of 17 points near 7 am AEST. Meanwhile, the US...
ASX 200 Expected to Rise, While S&P 500 Retreats and China’s Market Slows
September 26, 2024 09:47 AM AEST| By Team Kalkine MediaThe ASX 200 is expected to open higher, with futures pointing to a 17-point gain, up 0.20% as of 8:30 am AEST. Meanwhile, global market movements show major US indices pulling back from record highs, while China's market rally appears to lose momentu...
Oil Market Update: Prices Steady Amid Geopolitical Tensions and Economic Stimulus
September 25, 2024 06:32 PM AEST| By Team Kalkine MediaHighlights,Brent crude remains above $75 per barrel, while West Texas Intermediate trades near $72.,China's recent economic stimulus measures may influence future energy demand, though effects remain uncertain.,US crude inventories have reportedly de...
ASX Performance Update: CPI Drops to 2.7%, Market Shifts in Response
September 25, 2024 06:22 PM AEST| By Team Kalkine MediaHighlights,The ASX closed 0.19% lower at 8,126.40 points following a CPI decline to 2.7% in August.,Mineral Resources and Sayona Mining saw significant gains amid market declines.,Premier Investments and Sigma Healthcare faced notable losses due to d...
Inflation Cools to 2.7% in August, Aligning with RBA Targets
September 25, 2024 05:47 PM AEST| By Team Kalkine MediaHighlights,Inflation dropped to 2.7% in August, meeting the RBA's target for the first time since mid-2021.,The RBA kept the cash rate at 4.35%, awaiting more evidence of sustainable inflation control.,Despite global easing, the RBA has ruled out rat...
Solomon Lew Sees Potential in Myer Merger Talks, No Red Flags Identified
September 25, 2024 05:39 PM AEST| By Team Kalkine MediaHighlights,Solomon Lew finds no red flags in Myer merger talks.,Premier’s brands earn 20 cents per dollar, Myer just 1.5 cents, indicating strong merger potential.,Smiggle demerger delayed to prioritize Myer merger discussions.,Retail magnate Solomon...
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