Market updates
ASX Soars on Eased US Inflation Fears, Bank and Tech Stocks Lead the Way
January 16, 2025 05:53 PM AEDT| By Team Kalkine MediaHighlights,ASX 200 sees a strong rally, gaining 1.4% to close at 8,327.,Big banks and tech stocks show solid performance following positive US inflation data.,Zip Co (ASX:Z1P) surges 10% on strong performance from a US rival.,The Australian share mar...
Hindenburg Research Shuts Down: The End of a Notorious Era in Activist Short-Selling
January 16, 2025 05:32 PM AEDT| By Team Kalkine MediaHighlights,Hindenburg Research, led by Nate Anderson, disbands after eight years of activity.,The firm made major headlines by targeting Block (NYSE:SQ) and Adani Group (BSE:ADANI).,Anderson cites completion of ongoing cases and work with regulators...
ASX Market Momentum Strengthens with Bank and Tech Stock Gains; Zip Soars 7%
January 16, 2025 05:30 PM AEDT| By Team Kalkine MediaHighlights,The S&P/ASX 200 Index rises 1.4%, led by strong performances from banks and tech stocks.,Australia’s December employment numbers show a surprising increase of 56,300 jobs.,Zip Co (ASX:Z1P) surges 7.1% on stronger-than-expected holiday dema...
ASX Surges as Strong Jobs Data Boosts Market Confidence
January 16, 2025 03:05 PM AEDT| By Team Kalkine MediaHighlights,ASX climbs 1.4% after robust jobs data.,Commonwealth Bank (CBA) gains 2.7%.,Neuren Pharmaceuticals (NEU) sees biggest single-session rise of 9%.,The Australian stock market rallied on Thursday, with the S&P/ASX 200 index climbing 1.4% by m...
Australian Sharemarket Surges 1.5% as Banks and Technology Stocks Rally
January 16, 2025 11:38 AM AEDT| By Team Kalkine MediaHighlights,The S&P/ASX 200 Index gained 1.5% as US inflation cooled, driving optimism in equity markets.,Major Australian banks rallied over 2%, mirroring gains from US financial giants' strong results.,Technology and real estate sectors saw signific...
Australian Employment Surges in December Amidst Rising Unemployment Rate
January 16, 2025 11:37 AM AEDT| By Team Kalkine MediaHighlights:,Employment Growth:,Australian employment rose by 56,300 in December, surpassing expectations of 15,000.,Unemployment Rate:,The unemployment rate increased slightly to 4.0%, up from 3.9% in November.,RBA Outlook:,The Reserve Bank of Austra...
ASX Set for Strong Gains as US Markets Rally Amid Easing Inflation
January 16, 2025 11:23 AM AEDT| By Team Kalkine MediaHighlights:,The ASX200 is projected to rise sharply, driven by a positive lead from US markets and easing inflation data.,US banking and,megacap,technology stocks surged, with the Nasdaq climbing 2.5% and the S&P500 rising 1.8%.,Commodities rallied a...
ASX Gains Anticipated After Positive U.S. Inflation Data and Bank Results
January 16, 2025 11:17 AM AEDT| By Team Kalkine MediaHighlights:,Strong U.S. Market Surge:,Wall Street rallied, with the Nasdaq gaining 2.2% and the Dow Jones climbing 1.6%, buoyed by optimistic U.S. inflation data.,ASX Outlook:,ASX 200 futures point to a 1.26% rise,,indicating,a strong start for Austr...
ASX 200 Futures Surge as US Core CPI Slows and Wall Street Rallies"
January 16, 2025 11:09 AM AEDT| By Team Kalkine MediaHighlights:,US Core Inflation:,December core CPI rose 0.2% month-on-month, below expectations, driving bond yields lower and boosting market sentiment.,Wall Street Rally:,Major US indices logged their strongest sessions in months,,fueled,by robust ea...
Live Verdure's Strategic Partnerships Propel AI Innovation
January 16, 2025 11:00 AM AEDT| By Team Kalkine MediaLive Verdure's Strategic Partnerships Propel AI Innovation
Insider Traders Incur AU$108k Loss Due to Morella's Decline
January 15, 2025 04:15 PM AEDT| By Team Kalkine MediaInsider Traders Incur AU$108k Loss Due to Morella's Decline
IFM Investors, HESTA Partner with Splend Group to Boost EV Adoption
January 15, 2025 02:50 PM AEDT| By Team Kalkine MediaHighlights,IFM Investors and HESTA team up for a 49% stake in Splend Group.,Splend is one of Australia's largest electric vehicle fleets, focusing on rideshare electrification.,Investment will support fleet expansion and the development of EV chargin...
Historic Arrest of South Korea’s Impeached President Marks a New Era in Political Turmoil
January 15, 2025 02:36 PM AEDT| By Team Kalkine MediaHighlights,South Korea’s impeached President Yoon Suk Yeol arrested after controversial martial law declaration.,Unprecedented event in South Korea’s history, marking the first arrest of a sitting president.,Impeachment also leads to political instab...
China's Central Bank Boosts Liquidity Amid New Year Cash Crunch
January 15, 2025 02:32 PM AEDT| By Team Kalkine MediaHighlights,China’s central bank injects over $210 billion into the financial system.,The move aims to address cash shortages before Lunar New Year.,Efforts to maintain liquidity support despite pressures on the yuan.,The People’s Bank of China (PBOC)...
Surprising December Wholesale Inflation Data Lifts Market Optimism
January 15, 2025 01:13 PM AEDT| By Team Kalkine MediaHighlights,U.S. producer prices rise by just 0.2% in December, surprising economists.,Major,drop in vegetable prices helps reduce inflation pressures.,Market,reacts positively with,modest,uptick in,S&,P 500.,In December, the U.S. wholesale inflation...
How Undervalued ASX Stocks Can Lead to Strong Gains: The "Dogs of the ASX" Strategy
January 15, 2025 12:48 PM AEDT| By Team Kalkine MediaHighlights,Look for undervalued ASX stocks that could see rebounds after a tough period.,Companies going through a management revamp may offer great turnaround potential.,The ASX 200 saw uneven performance in 2024, with a few stocks playing key roles...
Australian Stock Market on the Rise; Baby Bunting (ASX:BBN) Soars Following Strong Profit Report
January 15, 2025 12:45 PM AEDT| By Team Kalkine MediaHighlights,Australian,sharemarket,edges higher, driven by gains in real estate stocks.,Property,sector leads the way, with Stockland (,ASX:SGP,) and Mirvac (,ASX:MGR,) showing notable rises.,Baby Bunting (,ASX:BBN,) sees a dramatic 7% surge following...
ACCC Launches Public Inquiry into Uniti's Pricing Amid Customer Concerns
January 15, 2025 11:48 AM AEDT| By Team Kalkine MediaHighlights,ACCC initiates review,on,Uniti's pricing practices.,Opticomm's,fees exceed NBN's by $8 per month.,Interim rules implemented to ensure fair access.,The Australian Competition and Consumer Commission (ACCC) has launched a public inquiry into...
SEC Targets Elon Musk Over Delayed Disclosure of Twitter Stock Purchase
January 15, 2025 11:47 AM AEDT| By Team Kalkine MediaHighlights,SEC sues Elon Musk over delayed Twitter ownership disclosure.,Musk,accused,of underpaying $150M for Twitter stock.,Legal scrutiny intensifies following Musk’s controversial Twitter acquisition.,Elon Musk is facing a legal battle with the U...
ASX 200 Futures Point to Modest Gains Amid Global Market Anticipation of US CPI Data
January 15, 2025 11:09 AM AEDT| By Team Kalkine MediaHighlights:,ASX 200 futures,indicate,a slight rise of 10 points (+0.12%) as of 8:30 AM AEDT, with the market awaiting pivotal US inflation data.,US markets experienced a choppy session with light volumes, while defensives and rate-sensitive sectors o...
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