Market updates

ASX 200 Nears Record High as Banks Rally
October 07, 2024 04:35 PM AEDT| By Team Kalkine MediaHighlights,ASX 200 is just 5 points shy of its record high.,Banking stocks lead the market's gains.,Positive US economic data boosts global market sentiment.,The Australian share market is on the verge of setting a new record, with the S&P/ASX 200 in...

Nintendo Shares Rise as Saudi Arabia Considers Increasing Stake
October 07, 2024 03:16 PM AEDT| By Team Kalkine MediaHighlights,Nintendo shares surged 3.9% after Saudi Arabia expressed interest in increasing its stake.,Saudi Arabia’s Public Investment Fund (PIF) aims to expand its gaming industry investments.,PIF currently holds an 8.6% stake in Nintendo.,Nintendo...

Goldman Sachs Optimistic on China Stocks Amid Stimulus Rally
October 07, 2024 02:40 PM AEDT| By Team Kalkine MediaHighlights,Goldman Sachs upgraded its outlook on Chinese stocks due to recent stimulus efforts.,Chinese stock indices may see an,additional,15%-20% rise if policy measures are successful.,Risks,remain,, including weaker stimulus and global political...

ASX Gains, Led by Banks and Technology, Amid Global Tensions
October 07, 2024 01:52 PM AEDT| By Team Kalkine MediaHighlights,ASX edged up 0.5% with banks and technology leading gains.,Arcadium,Lithium surged 44% after Rio Tinto takeover talks.,Pro Medicus secured a significant contract renewal.,The ASX rose by more than 0.5% by midday on Monday, driven by strong...

Oil Prices Retreat After Strongest Weekly Surge in Over a Year Amid Middle East Tensions
October 07, 2024 01:44 PM AEDT| By Team Kalkine MediaHighlights:,Oil prices retraced some gains after posting their strongest weekly rise in over a year, driven by escalating tensions in the Middle East.,Brent crude and US West Texas Intermediate (WTI) saw significant weekly surges, with Brent climbing...

Iron Ore Prices Surge Amid Optimism on China’s Economic Stimulus
October 07, 2024 01:29 PM AEDT| By Team Kalkine MediaHighlights:,Iron ore prices rose 1.2% in early trade, supported by optimism over China’s economic stimulus measures, reaching $US110 in November futures contracts.,On the ASX, BHP Group Ltd (,ASX:BHP,) and Fortescue Metals Group Ltd (,ASX:FMG,) advan...

ASX Gains Amid Global Uncertainty as Banks Lead, Energy Stocks Slip
October 07, 2024 01:20 PM AEDT| By Team Kalkine MediaHighlights:,Australian Shares Gain Amidst Global Uncertainty,:,The S&P/ASX 200 rose 0.3% as banks and tech stocks led the gains despite ongoing concerns over the Middle East conflict and oil supply disruptions.,Energy Stocks Slip Alongside Oil Prices...

ASX 200 Futures and Lithium Stocks in Focus Amid Global Shifts
October 07, 2024 11:35 AM AEDT| By Team Kalkine MediaHighlights,ASX 200 futures,rise,0.31% ahead of,market,open,.,Lithium stocks soar following Rio Tinto’s bid for,Arcadium,Lithium.,US,nonfarm,payrolls far exceed expectations, boosting markets.,ASX 200 futures are up by 26 points or 0.31%, setting the...

X (formerly Twitter) Faces Fines for Breaching Australia's Online Safety Act
October 07, 2024 11:20 AM AEDT| By Team Kalkine MediaHighlights,X (formerly Twitter) was fined $610,500 under Australia's Online Safety Act.,The fine relates to inadequate responses,on,child abuse material inquiries.,The court upheld the fine, rejecting X Corp's appeal.,Elon Musk’s social media platfor...
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Oil Surge Lifts Energy Stocks, ASX200 Slips on Mining Weakness
October 04, 2024 05:52 PM AEST| By Team Kalkine MediaHighlights,ASX200 falls 0.67%, led by declines in mining and IT sectors.,Energy sector rises, driven by oil price surge amid Middle East tensions.,Notable movements include gains in Strike Energy and declines in Neurotech International.,The ASX200 cl...

ASX Loses Ground as Middle East Tensions Snap Three-Week Winning Streak
October 04, 2024 05:06 PM AEST| By Team Kalkine MediaHighlights,ASX ends a three-week winning streak due to Middle East tensions.,Energy stocks gain as oil prices surge; mining and banks decline.,Small-cap tech and gaming stocks see notable gains.,The Australian share market ended its three-week winnin...

Chinese Tech Stocks Surge as Fresh Buying Leads the Rally
October 04, 2024 05:01 PM AEST| By Team Kalkine MediaHighlights,Chinese tech stocks surge after stimulus measures.,Fresh buying drives the rally, not short covering.,Hang Seng Tech Index jumps over 45% in under four weeks.,Chinese tech stocks have seen a remarkable surge following the country's announc...

Middle East Tensions Set to End ASX’s Three-Week Rally
October 04, 2024 03:29 PM AEST| By Team Kalkine MediaHighlights,ASX set to break its three-week winning streak amid Middle East tensions.,Oil prices rise, boosting energy stocks like Woodside and Santos.,Mining sector drops as Chinese stimulus effects wane.,The Australian share market is on course to s...

Petrol Prices at Risk as Middle East Tensions Shake Oil Markets
October 04, 2024 01:23 PM AEST| By Team Kalkine MediaHighlights,Middle East tensions stir oil markets and fuel price concerns.,Israeli strike on Iranian oil facilities being discussed.,Petrol prices in Sydney at a two-year low, but could rise.,The potential for escalating conflict in the Middle East ha...

UBS Predicts ASX to Hit 8500 Points by Mid-2025
October 04, 2024 12:47 PM AEST| By Team Kalkine MediaHighlights,UBS expects ASX to reach 8500 points by mid-2025.,Earnings upgrades and rate cuts seen as key drivers.,Dexus, REA Group, and Newmont highlighted as,benefiting,stocks.,UBS has forecasted a strong rise for the ASX, projecting it to reach 850...

ASX 200 Index Declines 1.1%: Energy Sector Shows Resilience Amid Geopolitical Concerns
October 04, 2024 12:38 PM AEST| By Team Kalkine MediaHighlights:,The,S&P/ASX 200,index fell by 1.09%, with 10 out of 11 sectors down, driven primarily by weakness in Materials.,Energy,was the only sector to post gains, with,Ampol Ltd (ASX:ALD),leading the performance.,Mineral Resources Ltd (ASX:MIN,) w...

China's Stock Rally Faces Potential Downturn, Warns Nomura
October 04, 2024 12:15 PM AEST| By Team Kalkine MediaHighlights,China's stock rally faces potential risks of a downturn.,Economic vulnerabilities include the housing crisis and government debt.,Nomura warns of,possible capital,flight and yuan depreciation.,After a recent surge in China’s stock market,...

Mark Zuckerberg Overtakes Jeff Bezos as World’s Second-Richest Person
October 04, 2024 11:17 AM AEST| By Team Kalkine MediaHighlights,Zuckerberg becomes the world's second-richest person, overtaking Bezos.,Meta's stock surge contributes to Zuckerberg's growing fortune.,Zuckerberg's wealth boosted by AI investments and metaverse projects.,Mark Zuckerberg, the co-founder a...

Australian Shares Expected to Fall Amid Middle East Tensions and Rising Oil Prices
October 04, 2024 10:55 AM AEST| By Team Kalkine MediaHighlights,Australian shares set to drop amid Middle East tensions.,Oil prices surge as market eyes potential Iran retaliation.,Key U.S. jobs report expected to,impact,Federal Reserve decisions.,Australian shares are poised for a drop, following a do...
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Australian Shares Fall as Oil Stocks Rise Amid Middle East Tensions
October 04, 2024 10:49 AM AEST| By Team Kalkine MediaHighlights,Australian shares dip as oil stocks rise amid Middle East tensions.,Energy stocks gain while most ASX sectors fall, led by mining.,Woodside reports a fatality at its Texas site, investigation underway.,Australian shares opened lower today,...

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