Market updates

Wall Street Reacts to Federal Reserve’s Rate Cut Decision: Expert Insights
September 19, 2024 12:18 PM AEST| By Team Kalkine MediaThe 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
September 19, 2024 12:16 PM AEST| By Team Kalkine MediaThe 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
September 19, 2024 12:14 PM AEST| By Team Kalkine MediaThe 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
September 19, 2024 12:14 PM AEST| By Team Kalkine MediaAustralian 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
September 19, 2024 12:08 PM AEST| By Team Kalkine MediaNew 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
September 19, 2024 12:04 PM AEST| By Team Kalkine MediaOn 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
September 19, 2024 11:59 AM AEST| By Team Kalkine MediaALS 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
September 19, 2024 11:57 AM AEST| By Team Kalkine MediaCochlear 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
September 19, 2024 11:56 AM AEST| By Team Kalkine MediaOrica 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
September 19, 2024 11:54 AM AEST| By Team Kalkine MediaOn 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....
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Mickie Rosen to Succeed Mike Sneesby on Domain Board
September 19, 2024 11:50 AM AEST| By Team Kalkine MediaMickie 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
September 19, 2024 11:49 AM AEST| By Team Kalkine MediaSims 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
September 19, 2024 11:48 AM AEST| By Team Kalkine MediaMonadelphous 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
September 19, 2024 11:40 AM AEST| By Team Kalkine MediaOil 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
September 19, 2024 11:38 AM AEST| By Team Kalkine MediaASX 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
September 19, 2024 09:42 AM AEST| By Team Kalkine MediaThe 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
September 19, 2024 09:10 AM AEST| By Business WireTORONTO--(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
September 19, 2024 04:00 AM AEST| By Business WireModified 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
September 19, 2024 02:00 AM AEST| By Business WireAUCKLAND, 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
September 19, 2024 12:00 AM AEST| By Team Kalkine MediaOn 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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