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Market updates
Lawsuit Filed Against McDonald’s Over E. coli Outbreak Linked to Quarter Pounders
October 25, 2024 02:03 PM AEDT| By Team Kalkine MediaHighlights,First lawsuit filed after E. coli outbreak tied to McDonald's Quarter Pounders.,Over 40 illnesses reported, leading to increased legal and safety concerns.,McDonald’s responds by halting affected ingredients as investigations continue.,A l...
Australian Market Rebounds Amidst WiseTech Surge, with Mixed Sector Performances
October 25, 2024 01:28 PM AEDT| By Team Kalkine MediaHighlights,Australian market sees recovery, led by a significant rise in,WiseTech,shares.,Tech sector outperforms, while Mineral Resources and Metcash see declines.,Major banks stabilize, while miners and select retailers show mixed results.,Australi...
Qantas Chairman John Mullen Re-elected Amid Shareholder Dissent
October 25, 2024 01:04 PM AEDT| By Team Kalkine MediaHighlights,John Mullen re-elected as Qantas,chairman,despite some shareholder opposition.,Mullen addresses concerns over workload during the annual meeting.,Majority of shareholders support his reappointment with 88% voting in favor.,At the recent an...
WiseTech Soars Amid CEO Exit, MinRes Falls: ASX Update
October 25, 2024 11:52 AM AEDT| By Team Kalkine MediaHighlights,WiseTech,surges as CEO exit news stirs markets,MinRes,declines after board controversy,Technology sector leads the ASX gains,Australian shares edged higher in early Friday trading, driven by a significant jump in WiseTech (ASX:WTC) followi...
Accolade and Pernod Ricard Merge to Strengthen Wine Business
October 25, 2024 11:14 AM AEDT| By Team Kalkine MediaHighlights,Bain Capital consortium confirms Accolade Wines and Pernod Ricard merger.,Australian regulators approve the merger, enhancing market competitiveness.,Oversupply of red wine continues to challenge profitability in the industry.,The merger o...
ASX Stays Flat as Banks Boost Financials, Tech Drags on Market
October 24, 2024 04:25 PM AEDT| By Team Kalkine MediaHighlights,ASX200 closes slightly lower after tech sector weighs on the market.,Banking sector provides support, offsetting losses in tech stocks.,Small cap sector shows gains with notable performers in mining and energy.,The Australian stock market...
Resilient Growth and Market Potential for ASX Retailers
October 24, 2024 03:52 PM AEDT| By Team Kalkine MediaHighlights,Amotiv,positioned as a resilient player in the automotive sector,Temple & Webster shows,strong growth,in the homewares segment,Paragon Care gaining market share in healthcare services,Amotiv, formerly known as GUD Holdings, has solidified...
Hyperion Dominates Software Sector, Takes Top Spot in Mercer’s Equities Survey
October 24, 2024 02:52 PM AEDT| By Team Kalkine MediaHighlights,Hyperion's Australian Growth Fund leads with strong returns.,Key holdings include software companies like WiseTech and Xero.,ECP Asset Management and Platypus Australian Equities follow closely behind.,Hyperion Asset Management’s Australia...
Singapore to Offer 30-Year Licences for Low-Carbon Energy Projects
October 24, 2024 02:19 PM AEDT| By Team Kalkine MediaHighlights,Singapore grants long-term,licences,for low-carbon energy imports.,Companies can recover upfront investments over 30 years.,Projects span across multiple countries, aiming for 6GW of power by 2035.,In a notable move towards sustainability,...
Australian Shares Fall Amid Interest Rate Concerns and Banking Flexibility Discussions
October 24, 2024 01:10 PM AEDT| By Team Kalkine MediaHighlights,Australian shares follow Wall Street's downward trend,Banking Association suggests flexibility in home loan buffer,Interest rate concerns impact market sentiment,Australian shares have dipped as market sentiment follows the trend from Wall...
ASX Rebounds Despite Disappointments from Fortescue, Newmont, and Reece
October 24, 2024 12:40 PM AEDT| By Team Kalkine MediaHighlights,ASX rises despite earlier declines in major stocks.,Commonwealth Bank supports recovery with gains.,Newmont, Fortescue, and Reece face setbacks after key announcements.,Australian shares reversed earlier losses by midday, showing resilienc...
Tesla Adds $80 Billion in Market Value After Exceeding Profit Expectations
October 24, 2024 12:35 PM AEDT| By Team Kalkine MediaHighlights,Tesla added $80 billion to its market value after Q3 results.,Company reported growth in profit but slight revenue miss.,Tesla continues investing in autonomous tech and affordable models.,Tesla Inc (NASDAQ:TSLA) saw a significant increase...
Top Performing Australian Equity Funds Lead Mercer Rankings
October 24, 2024 11:28 AM AEDT| By Team Kalkine MediaHighlights,Hyperion's Australian Growth Fund leads Mercer survey for three- and 12-month performance.,ECP Asset Management closely,follows with,its All-Cap Fund.,Acadian's Long Short Equity fund tops hedge fund performance rankings.,Hyperion Asset Ma...
ASX Gains as Traders Adjust to Market Volatility: Gold Hits Record High
October 23, 2024 04:41 PM AEDT| By Team Kalkine MediaHighlights,ASX rebounds slightly after previous session's losses.,Supermarkets and gold miners show strong performance.,Several key stocks face turbulence due to external factors.,The Australian stock market saw a modest recovery on Wednesday, as the...
Gold Hits Record High Amid Geopolitical Tensions
October 23, 2024 04:19 PM AEDT| By Team Kalkine MediaHighlights,Gold reaches an all-time high amid rising global tensions.,Precious metals, including silver, experience upward momentum.,The US bond market's selloff contributes to gold's demand.,Gold surged to a record high as global market uncertainty...
Goldman Sachs Adjusts Outlook on Indian Equities Amid Slowing Growth
October 23, 2024 03:56 PM AEDT| By Team Kalkine MediaHighlights,Indian equity outlook has been adjusted to neutral from overweight.,Slowing economic growth is affecting corporate earnings.,High valuations and weaker earnings sentiment limit near-term growth.,Goldman Sachs Group has revised its stance...
IMF Raises Concerns Over Australia’s Inflation Outlook Amid Global Uncertainty
October 23, 2024 03:44 PM AEDT| By Team Kalkine MediaHighlights,Australia’s inflation forecast for 2025 has been raised to 3.6%.,IMF report warns of potential global trade tensions and economic risks.,Australia’s projected inflation will outpace most advanced economies.,Australia’s inflation rate is ex...
Bitcoin Traders Brace for Regulatory Shift Amid Potential Trump Presidency
October 23, 2024 03:23 PM AEDT| By Team Kalkine MediaHighlights,Bitcoin gains momentum amid US political shifts.,Traders eye potential regulatory changes under Trump's possible return.,Rising demand for Bitcoin ETFs signals growing interest in crypto.,Bitcoin traders are closely watching the political...
Supermarkets and Gold Miners Lift ASX Despite Pressure on Tech Stocks
October 23, 2024 02:32 PM AEDT| By Team Kalkine MediaHighlights,Supermarket giants lead gains, lifting ASX slightly higher.,Gold miners edge up as metal prices stabilize near record highs.,WiseTech continues to drag tech shares lower amid recent controversies.,Australian shares are trading modestly hig...
Australia's Inflation Woes and the Property Dilemma
October 23, 2024 02:18 PM AEDT| By Team Kalkine MediaHighlights,Inflation remains a key concern for Australia's economy.,Property prices and construction demand are driving inflation.,Companies in the construction sector face challenges due to weak demand.,Australia’s ongoing fixation on property owner...
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