Market updates
Bitcoin Approaches All-Time High Amid ETF Inflows and Regulatory Optimism
October 21, 2024 05:28 PM AEDT| By Team Kalkine MediaHighlights,Bitcoin approaches new highs driven by optimism about U.S. regulations.,U.S. Bitcoin ETFs see strong inflows.,Smaller cryptocurrencies remain stable amid market shifts.,Bitcoin is once again gaining attention as it approaches the significa...
Mining Stocks Propel ASX as Tech and Retail Slip
October 21, 2024 04:02 PM AEDT| By Team Kalkine MediaHighlights,Mining sector leads ASX rise, supported by higher iron ore and gold prices.,WiseTech and Mineral Resources see significant declines due to corporate issues.,Nick Scali reports impact of higher freight rates on profit margins.,Australia's s...
Central Banks Shift to Jumbo Rate Cuts, Canada Expected to Follow
October 21, 2024 03:41 PM AEDT| By Team Kalkine MediaHighlights,Canada likely to join global central banks in larger rate cuts.,Australia remains an outlier as others slash rates.,European and Swiss central banks also hint at more aggressive moves.,This week, the Bank of Canada is expected to implement...
Aldoro Resources Secures Kameelburg Licences, Raises Over One Million
October 21, 2024 03:22 PM AEDT| By Team Kalkine MediaHighlights,Aldoro Resources Ltd completes transfer of Kameelburg licences in Namibia.,Raised $1.54 million from Aurum Resources Ltd share sale.,Exploration drilling for rare earth elements and niobium underway.,Aldoro Resources Ltd (ASX:ARN) has achi...
Oil Rebounds Amid Middle East Tensions and Supply Uncertainty
October 21, 2024 02:23 PM AEDT| By Team Kalkine MediaHighlights,Oil prices rise amid tensions in the Middle East.,Israeli actions against Hezbollah and Iran influence crude prices.,Concerns grow over potential surplus in global oil supplies.,Oil prices are seeing a resurgence after a significant declin...
China Reduces Lending Rates to Support Economic Recovery
October 21, 2024 01:07 PM AEDT| By Team Kalkine MediaHighlights,China reduces key lending rates to boost economic recovery.,One-year loan prime rate drops to 3.10%, five-year rate to 3.60%.,Efforts aim to support borrowing amid housing market challenges.,In an effort to stimulate economic growth, China...
ASX Rises as Materials Surge; WiseTech and MinRes Drop
October 21, 2024 12:32 PM AEDT| By Team Kalkine MediaHighlights,ASX index rises due to,strong performance,in materials and healthcare sectors.,WiseTech,drops after controversy involving its founder.,Mineral Resources faces pressure after tax investigation reports.,The Australian stock market made notab...
Gold Reaches Record High Amid Geopolitical Tensions, US Election Uncertainty
October 21, 2024 11:05 AM AEDT| By Team Kalkine MediaHighlights,Gold reaches a record high amid geopolitical tensions and US election uncertainty.,Middle East conflicts and upcoming US elections drive demand for safe-haven assets.,Central bank purchases and rate-cut expectations support gold's upward m...
Keywords Studios Expands with Acquisition of Game Developer Certain Affinity
October 18, 2024 06:06 PM AEDT| By Team Kalkine MediaHighlights,Keywords Studios strengthens its position in game development with a key acquisition.,Certain Affinity known for contributions to major gaming franchises like Halo and Call of Duty.,Deal enhances Keywords' presence in the US and Canada.,Ke...
ASX200 Closes Lower as Market Faces Broader Losses
October 18, 2024 05:22 PM AEDT| By Team Kalkine MediaHighlights,ASX200 ended the week down, with all sectors closing in negative territory.,Talga Group and BSA stood out with strong performances.,Flight Centre and APA Group faced significant declines.,The ASX200 closed down 0.87%, finishing the week at...
Iron Ore Prices Could Climb Amid China’s Stimulus Plans
October 18, 2024 04:28 PM AEDT| By Team Kalkine MediaHighlights,Iron ore prices could rise to $130 per tonne next year.,China’s stimulus package is a key factor in the price forecast.,Supply increases from major miners may limit price growth.,Deutsche Bank has forecasted a potential rise in iron ore pr...
ASX Declines as China Data Disappoints, Gold Miners Stand Strong
October 18, 2024 03:52 PM AEDT| By Team Kalkine MediaHighlights,ASX falls as weak Chinese economic data hits commodity stocks.,Gold miners rally while most sectors experience losses.,Major banks post mixed results amidst broader market decline.,Australian stocks extended their losses after underwhelmin...
China's Industrial Output and Retail Sales Exceed Expectations
October 18, 2024 02:56 PM AEDT| By Team Kalkine MediaHighlights,China’s industrial output and retail sales exceeded expectations in September,.,Industrial output increased by 5.4%, surpassing the previous month’s growth,.,Retail sales saw a notable jump, reflecting stronger consumer demand.,China’s ind...
China’s Industrial and Retail Sectors Show Stronger Growth in September
October 18, 2024 01:21 PM AEDT| By Team Kalkine MediaHighlights,Industrial output surged in September, surpassing expectations.,Retail sales growth also accelerated,,indicating,improved consumer activity.,Fixed asset investment remained steady, further supporting economic growth.,China's industrial out...
Iron Ore Prices Drop Amid Concerns Over China's Economic Growth
October 18, 2024 12:14 PM AEDT| By Team Kalkine MediaHighlights,Iron ore prices fall as expectations of significant fiscal stimulus in China diminish.,Singapore and China exchanges see notable declines in iron ore futures.,Market,anticipates,slower GDP growth from China, leading to cautious outlook.,Ir...
Regal Funds Management Indicted by South Korean Authorities for Short-Selling Violations
October 18, 2024 11:36 AM AEDT| By Team Kalkine MediaHighlights,South Korean authorities have indicted Regal Funds Management and a former employee.,The charges relate to breaches of short-selling laws in South Korea.,Regal Funds Management denies the allegations, which stem from a single day of tradin...
ASX Hits Record High as Energy Stocks Surge
October 17, 2024 07:08 PM AEDT| By Team Kalkine MediaHighlights,ASX reaches record high, driven by energy stocks.,AMP surges with strong financial returns and business growth.,Key sectors like banking, energy, and mining show notable movement.,Australian shares have set a new record high, bolstered by...
China Expands Housing Support to Boost Real Estate Market
October 17, 2024 05:36 PM AEDT| By Team Kalkine MediaHighlights,China plans to expand its “white list” for housing projects.,Bank lending for approved projects will increase to 4 trillion yuan.,Over 5,300 projects have been approved with significant funding already.,China is taking additional steps to...
ASX Reaches Record High as AMP, Santos, and Woodside Lead the Surge
October 17, 2024 02:57 PM AEDT| By Team Kalkine MediaHighlights,ASX 200 hits a new record high, led by energy and financial sectors.,AMP sees strong growth, shares rise significantly.,Santos and Woodside surge following oil price gains.,The Australian stock market has surged to a new record, with the S...
China Stocks Rise Amid Anticipation of Property Market Support
October 17, 2024 01:52 PM AEDT| By Team Kalkine MediaHighlights,China stocks surged ahead of a key housing ministry briefing.,CSI 300 Index and Hang Seng China Enterprises Index saw notable gains.,Investors show caution despite hints of strong government measures.,Chinese stocks rose significantly as m...
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