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 Wall Street Reacts to Federal Reserve’s Rate Cut Decision: Expert Insights

Wall Street Reacts to Federal Reserve’s Rate Cut Decision: Expert Insights

September 19, 2024 12:18 PM AEST| By Team Kalkine Media

The recent move by the U.S. Federal Reserve to implement a significant 50 basis point rate cut has generated considerable discussion among economists and strategists on Wall Street. With the Fed's next policy meeting scheduled for November 6-7 and th...

 ASX Futures Signal Decline After Federal Reserve's Interest Rate Stance, Wall Street Closes Lower

ASX Futures Signal Decline After Federal Reserve's Interest Rate Stance, Wall Street Closes Lower

September 19, 2024 12:16 PM AEST| By Team Kalkine Media

The Australian share market is poised to open lower following overnight declines on Wall Street, as futures trading indicates a dip in the ASX. This comes after the U.S. Federal Reserve announced a significant 50 basis point rate cut but signaled a s...

 Australia’s Employment Data Anticipated Amid Economic Uncertainty

Australia’s Employment Data Anticipated Amid Economic Uncertainty

September 19, 2024 12:14 PM AEST| By Team Kalkine Media

The Australian Bureau of Statistics (ABS) is set to release the latest employment figures today, with analysts and market participants closely watching the data for insights into the state of the labor market. The report, scheduled for 11:30 a.m., wi...

 Fed's Bold Move and Its Impact on Key Stocks

Fed's Bold Move and Its Impact on Key Stocks

September 19, 2024 12:14 PM AEST| By Team Kalkine Media

Australian futures are pointing lower today following a mixed session on Wall Street. The Federal Reserve’s decision to cut interest rates by 0.50 percentage points has created a ripple effect across global markets. Despite initial optimism, US stock...

 New Zealand Economy Records Contraction in Q2 2023 Amidst Ongoing Challenges

New Zealand Economy Records Contraction in Q2 2023 Amidst Ongoing Challenges

September 19, 2024 12:08 PM AEST| By Team Kalkine Media

New Zealand's economy experienced a contraction in the second quarter of 2023, with gross domestic product (GDP) declining by 0.2% compared to the previous quarter. This downturn, though slightly less severe than the 0.4% contraction anticipated by a...

 Fed’s Unexpected Rate Cut: What It Means for the Market

Fed’s Unexpected Rate Cut: What It Means for the Market

September 19, 2024 12:04 PM AEST| By Team Kalkine Media

On Wednesday night (Thursday morning AEST), the US Federal Reserve made a surprising decision to cut interest rates by 0.50 percentage points, a move that has left many economists and investors scrambling to understand the implications. The rate cut...

 ALQ Reports Expected Profit Impact: Minerals Division Faces Volume Challenges

ALQ Reports Expected Profit Impact: Minerals Division Faces Volume Challenges

September 19, 2024 11:59 AM AEST| By Team Kalkine Media

ALS Limited (ASX: ALQ), a global leader in testing, inspection, and certification services, has announced that its minerals business is experiencing volume-related challenges. The company anticipates a decline in its underlying net profit for the Sep...

 Cochlear Limited (ASX:COH) Appoints New CFO: Leadership Transition Highlights

Cochlear Limited (ASX:COH) Appoints New CFO: Leadership Transition Highlights

September 19, 2024 11:57 AM AEST| By Team Kalkine Media

Cochlear Limited (ASX:COH), a prominent player in the health technology sector, has announced the appointment of Sarah Thom as its new Chief Financial Officer (CFO). The transition is set to occur in November, as Stuart Sayers, the current CFO, prepa...

 Orica Limited Projects Stronger-than-Expected Earnings

Orica Limited Projects Stronger-than-Expected Earnings

September 19, 2024 11:56 AM AEST| By Team Kalkine Media

Orica Limited (ASX: ORI), a leading provider of commercial explosives, has announced that it anticipates its second-half earnings will surpass previous forecasts. The company indicated that underlying earnings are set to be higher than the prior year...

 Jerome Powell’s Bold Rate Cut and Its Impact on the US Federal Reserve’s Strategy

Jerome Powell’s Bold Rate Cut and Its Impact on the US Federal Reserve’s Strategy

September 19, 2024 11:54 AM AEST| By Team Kalkine Media

On Wednesday (Thursday AEST), the US Federal Reserve made a significant decision, opting for a substantial 0.50% cut in interest rates. This move marks a bold beginning to the much-anticipated rate-cutting cycle, surpassing many market expectations....

 Mickie Rosen to Succeed Mike Sneesby on Domain Board

Mickie Rosen to Succeed Mike Sneesby on Domain Board

September 19, 2024 11:50 AM AEST| By Team Kalkine Media

Mickie Rosen, a long-standing director at Nine Entertainment Co. Holdings Limited (ASX: NEC), is set to replace Mike Sneesby as the media company’s representative on the board of Domain Holdings Australia Limited (ASX: DHG). This transition comes on...

 Sims Limited Faces Challenges in ANZ Operations Amid Weak Demand

Sims Limited Faces Challenges in ANZ Operations Amid Weak Demand

September 19, 2024 11:49 AM AEST| By Team Kalkine Media

Sims Limited (ASX: SGM), a prominent player in the scrap metals recycling industry, has reported that its operations in Australia and New Zealand are currently experiencing significant pressures due to declining demand from China. The company’s lates...

 Monadelphous Group Secures $230 Million in New Contracts

Monadelphous Group Secures $230 Million in New Contracts

September 19, 2024 11:48 AM AEST| By Team Kalkine Media

Monadelphous Group Limited (ASX: MND), a leading engineering company, has recently announced the acquisition of a series of contracts worth a substantial $230 million. This influx of new business is set to enhance the company's operations and reinfor...

 Oil Prices Face Continued Decline Amid Mixed Signals

Oil Prices Face Continued Decline Amid Mixed Signals

September 19, 2024 11:40 AM AEST| By Team Kalkine Media

Oil prices,extended their losses for a second consecutive session, reflecting a complex interplay of factors that include diminishing demand in the United States and geopolitical tensions in the Middle East. As of the latest figures, West Texas Inter...

 ASX to Follow Wall Street Lower Despite US Fed's 50bp Rate Cut

ASX to Follow Wall Street Lower Despite US Fed's 50bp Rate Cut

September 19, 2024 11:38 AM AEST| By Team Kalkine Media

ASX futures indicate a 0.5% dip in early trading, reflecting the downturn in US and European markets.,US Federal Reserve Decision and Market Impact,The US Federal Reserve's recent decision to cut interest rates by 50 basis points (bps), lowering the...

 ASX 200 Set to Decline Amid Fed Rate Cut and Mixed Market Sentiment

ASX 200 Set to Decline Amid Fed Rate Cut and Mixed Market Sentiment

September 19, 2024 09:42 AM AEST| By Team Kalkine Media

The ASX 200 futures are indicating a drop, trading 38 points lower or down by 0.46% as of 8:30 am AEST. The US Federal Reserve's decision to cut interest rates by 50 basis points led to brief rallies in both stocks and commodities, but these gains we...

 Lithium Royalty Corp. Provides Update on Winsome Resources Scoping Study for the Adina Lithium Project

Lithium Royalty Corp. Provides Update on Winsome Resources Scoping Study for the Adina Lithium Project

September 19, 2024 09:10 AM AEST| By Business Wire

TORONTO--(BUSINESS WIRE)--$LIRC #LIRC--Lithium Royalty Corp. (TSX: LIRC) (“LRC”) is pleased to report that Winsome Resources Limited (“Winsome”) announced the completion of a scoping study for its 100...

 Westwater Resources Supports Office of the United States Trade Representative Decision to Implement Section 301 Tariffs on Natural Graphite

Westwater Resources Supports Office of the United States Trade Representative Decision to Implement Section 301 Tariffs on Natural Graphite

September 19, 2024 04:00 AM AEST| By Business Wire

Modified Section 301 tariffs will implement a new 25% tariff on natural graphite imports from China. Section 301 tariffs play a critical role in driving demand for U.S.-produced anode materials....

 Former Booking.com Leader Joins Serko to Drive Business Impact From Data

Former Booking.com Leader Joins Serko to Drive Business Impact From Data

September 19, 2024 02:00 AM AEST| By Business Wire

AUCKLAND, New Zealand--(BUSINESS WIRE)--Serko Ltd. (NZX:SKO), a leader in online travel for business, announced today the appointment of Matt Weaver as Head of Data. In his role as Head of Data, Matt...

 Hang Seng, Nikkei 225, and ASX 200 Surge as Fed Rate Cut Boosts Optimism Across Asia

Hang Seng, Nikkei 225, and ASX 200 Surge as Fed Rate Cut Boosts Optimism Across Asia

September 19, 2024 12:00 AM AEST| By Team Kalkine Media

On September 18, the US Federal Reserve delivered an unexpected 50-basis point interest rate cut, exceeding market forecasts and impacting equity markets across the globe. This rate reduction, the first of its kind since early 2020, aimed to bolster...

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