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Market updates
Australian Dollar Strengthens as Bond Yields Rise Following Strong Job Report
October 17, 2024 01:17 PM AEDT| By Team Kalkine MediaHighlights,Australian dollar rises as job report beats expectations.,Bond yields increase with the three-year return reaching 3.80%.,Market odds of an RBA rate cut by December decline significantly.,The Australian dollar saw a notable rise of 0.3%, r...
ASX200 Expected to Rise Amid Strong Market Performance
October 17, 2024 12:45 PM AEDT| By Team Kalkine MediaHighlights,ASX200 set for a potential rise today.,BHP exceeds iron ore sale estimates in the September quarter.,Commonwealth Bank fined for customer spamming.,The ASX200 is projected to rise by 0.67% around 8:30 AM Sydney time, indicating the Austral...
ASX Loses Momentum Following Weaker Jobs Data
October 17, 2024 11:49 AM AEDT| By Team Kalkine MediaHighlights,ASX edges lower after employment data,misses,forecasts.,Real estate sector sees cooling after early gains.,Unemployment rate drops slightly despite weaker job growth.,The Australian Stock Exchange saw gains trimmed after the release of Aus...
Governance and Leadership at Treasury Wines & Qantas Chair Speaks
October 17, 2024 11:28 AM AEDT| By Team Kalkine MediaHighlights,Treasury Wines,chairman,discusses governance challenges.,John Mullen addresses his multiple roles in corporate Australia.,A shareholder protest highlights concerns at Treasury Wines' annual meeting.,John Mullen, the chairman of Treasury Wi...
ASX Retreats from Record High Amid Market Sector Weakness
October 16, 2024 05:58 PM AEDT| By Team Kalkine MediaHighlights,ASX dips 0.32% after reaching record highs yesterday.,Tech and Consumer Staples sectors led market weakness.,Financial and Real Estate sectors saw marginal gains.,The Australian Securities Exchange (ASX) experienced a day of mixed trading,...
US Department of Justice Explores Breaking Up Google in Landmark Antitrust Case
October 16, 2024 05:21 PM AEDT| By Team Kalkine MediaHighlights,DOJ considers splitting Google’s core business from other key products.,A court ruling found Google violated antitrust laws, calling it a monopolist.,Potential outcomes could reshape how users interact with search engines.,The U.S. Departm...
ASX Sees Slight Drop, Mining and Tech Stocks Under Pressure
October 16, 2024 03:37 PM AEDT| By Team Kalkine MediaHighlights,Australian shares fell slightly on Wednesday, led by tech stocks,Evolution Mining surged alongside gold prices near record highs,Financials gained, with Bank of Queensland rising on profit results,Australian shares experienced a slight dip...
Myer’s Executive Revamp Led by Olivia Wirth with Key Hires from Qantas
October 16, 2024 03:31 PM AEDT| By Team Kalkine MediaHighlights,Myer undergoes a leadership shakeup under Olivia Wirth's direction.,Former Qantas executives join Myer in key transformation roles.,Major changes aim to strengthen Myer’s core business and drive growth.,Myer is undergoing significant leade...
Government Spending Surge in Australia Poses Growing Challenge for the Economy
October 16, 2024 03:02 PM AEDT| By Team Kalkine MediaHighlights,Australian government spending is at record-high levels, impacting economic targets.,State debts continue to rise, while federal debt remains lower for now.,Public sector wages and infrastructure projects are key contributors to the spendi...
ASX Slips as Energy and Mining Sectors Lead Declines
October 16, 2024 01:02 PM AEDT| By Team Kalkine MediaHighlights,Australian stocks decline as resource-linked sectors fall.,Energy and mining companies lead losses amid global shifts.,Major banks show mixed performance.,The Australian stock market experienced a pullback, with the S&P/ASX 200 index shedd...
Graphene Manufacturing Group Named Among Australia's Top Innovators in 2024
October 16, 2024 11:21 AM AEDT| By Team Kalkine MediaHighlights,GMG recognized for innovation in graphene and clean technology.,Achievements in energy storage and electronics highlighted.,Award underscores the company's mission to drive sustainable solutions.,Graphene Manufacturing Group (GMG) has been...
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IMARC 2024 to Spotlight Decarbonisation and Sustainability in Australia’s Top Mining Conference
October 15, 2024 06:28 PM AEDT| By Team Kalkine MediaHighlights,IMARC 2024 highlights global speakers and sustainability themes.,The event features technical talks, panels, and keynotes across three days.,Topics include ESG, supply chains, and circular economy initiatives.,As the mining industry looks...
ASX Closes Higher with Financials Leading Gains, Energy Sector Lags
October 15, 2024 06:11 PM AEDT| By Team Kalkine MediaHighlights,ASX ends with a 0.79% rise at 8,318.4 points.,Financial sector leads with strong performances from major banks.,Energy stocks fall amid declining oil prices.,The Australian Securities Exchange closed 0.79% higher at 8,318.4 points on Octob...
Bronte Capital Reassesses Strategy After Challenging Month
October 15, 2024 03:52 PM AEDT| By Team Kalkine MediaHighlights,Bronte Capital faced its worst month since 2022.,Review of strategy underway to reduce risks.,Notable losses from long holdings like Visa and Alphabet.,Bronte Capital, led by John Hempton, experienced a tough September as the hedge fund po...
ASX Market Update: Tech and Resource Stocks Surge While Energy Faces Pressure
October 15, 2024 01:27 PM AEDT| By Team Kalkine MediaHighlights,ASX 200 hits new record as InfoTech and Telcos lead early trading.,Crude oil weakness impacts Woodside and Santos.,Small-cap stocks,Nanoveu,and African Gold post strong gains.,The ASX 200 opened on a high note today, buoyed by a positive l...
ASX and Global Markets Can the Bull Market Last?
October 15, 2024 01:23 PM AEDT| By Team Kalkine MediaHighlights,ASX and Wall Street continue to set record highs despite challenges.,Economic growth, global rate cuts, and stimulus are factors supporting the rally.,Investors should watch for potential risks such as rising debt and market concentration....
Virgin Australia’s Profits Continue to Soar as Bain Capital Reaps Over $1 Billion
October 15, 2024 12:37 PM AEDT| By Team Kalkine MediaHighlights,Virgin Australia reports significant profit increase for the second consecutive year.,Bain Capital has gained over,$1 billion,since,acquiring,Virgin Australia.,Qatar Airways plans to,acquire,a 25% stake in Virgin Australia.,Virgin Australi...
Chinese Steel Exports Reach Highest Levels Since 2016 Amid Global Concerns
October 15, 2024 12:29 PM AEDT| By Team Kalkine MediaHighlights,Chinese steel exports hit highest levels since 2016.,Exports increase despite trade tensions and market challenges.,Domestic market slowdown contributes to export surge.,Chinese steel exports in September reached their highest levels in se...
Bitcoin Rises After Harris Pledges Support for Crypto Regulation
October 15, 2024 11:47 AM AEDT| By Team Kalkine MediaHighlights,Bitcoin sees notable rise after Harris' crypto framework pledge.,Smaller cryptocurrencies like Ether and Solana also gained.,Bitcoin-related companies experienced a surge in shares.,Bitcoin reached its highest point in two weeks following...
Crown Melbourne Penalized for Failing to Enforce Self-Exclusion Rules
October 15, 2024 11:16 AM AEDT| By Team Kalkine MediaHighlights,Crown Melbourne fined due to self-exclusion breaches,242 self-excluded gamblers placed bets between 2023 and 2024,Victorian regulator orders improvements to prevent future violations,Crown Melbourne, owned by Blackstone, has been fined $2...
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