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Market updates
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...
ASX Market Update: Tech and Resource Stocks Surge While Energy Faces Pressure
October 15, 2024 01:27 PM AEDT| By Team Kalkine MediaHighlights,ASX 200 hits new record as InfoTech and Telcos lead early trading.,Crude oil weakness impacts Woodside and Santos.,Small-cap stocks,Nanoveu,and African Gold post strong gains.,The ASX 200 opened on a high note today, buoyed by a positive l...
ASX and Global Markets Can the Bull Market Last?
October 15, 2024 01:23 PM AEDT| By Team Kalkine MediaHighlights,ASX and Wall Street continue to set record highs despite challenges.,Economic growth, global rate cuts, and stimulus are factors supporting the rally.,Investors should watch for potential risks such as rising debt and market concentration....
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...
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