Market updates
ASX Dips Amid Inflation Concerns; Gold Miners and SiteMinder Shine
October 11, 2024 02:21 PM AEDT| By Team Kalkine MediaHighlights,ASX set to end lower amid inflation and jobless claims concerns.,Gold miners, including Regis Resources and Genesis Minerals, rally.,SiteMinder surges as tech stocks see significant movement.,The Australian share market is positioned to fi...
Oil Prices See Weekly Gain Amid Rising Middle East Tensions
October 11, 2024 02:05 PM AEDT| By Team Kalkine MediaHighlights,Brent crude prices increase by over 1% this week.,Middle East tensions drive potential crude supply risks.,Israel and Iran conflict heightens market concerns.,Brent crude, the global benchmark, has edged closer to $US79 per barrel, marking...
ASX Dips on US Inflation; Gold Stocks Rise, WiseTech Falls
October 11, 2024 12:32 PM AEDT| By Team Kalkine MediaHighlights,ASX index down as Wall Street weakens.,Gold stocks show,strong performance,amid rising prices.,WiseTech,shares decline after insider sales.,The Australian stock market opened lower, following a weak performance in US markets. The S&P/ASX 2...
Cadoux Ltd Advances High-Purity Alumina and Rare Earth Strategy
October 11, 2024 11:26 AM AEDT| By Team Kalkine MediaHighlights,Cadoux Ltd secures $848,880 R&D tax incentive for HPA production.,Focus on high-purity alumina and rare earths through,Minhub,Project.,Strategic alignment with Australia’s critical minerals policy.,Cadoux Ltd (ASX:CCM) has received an $848...
Albanese Government Unveils Landmark Cyber Security Act
October 11, 2024 11:10 AM AEDT| By Team Kalkine MediaHighlights,The Albanese government introduces Australia's first standalone Cyber Security Act.,New laws focus on ransomware, cyber incident reporting, and device security standards.,Critical infrastructure sectors face stricter cyber protection requi...
Global Market Update Tech Surge and Oil Eases Pressure
October 10, 2024 08:02 PM AEDT| By Team Kalkine MediaHighlights,Tech stocks drive markets higher, with notable movements from Apple and Nvidia.,European automobile stocks lifted on improved forecasts, while banking stocks saw slight declines.,Commodities, including oil and metals, felt downward pressur...
Potential Regulatory Challenges Ahead for Alphabet’s AI Initiatives Amid Antitrust Case
October 10, 2024 07:50 PM AEDT| By Team Kalkine MediaHighlights,Proposed remedies could,impact,Alphabet Inc.'s (GOOGL) AI initiatives.,Potential actions include separation of key Google products like Chrome, Google Play, and Android.,Final ruling in the antitrust case is expected by 2025.,The ongoing a...
ASX Set for Positive Start Amid Wall Street Gains
October 10, 2024 07:45 PM AEDT| By Team Kalkine MediaHighlights,ASX market poised for rise with Wall Street hitting new highs.,Key stocks like Alphabet (GOOGL), Tesla (TSLA), and TSMC (TSM) in focus.,ASX small caps Power Minerals (PNN), Artemis Resources (ARV), and others gaining attention.,The Austral...
RBA Interest Rate Cuts Expected by February, Says KPMG
October 10, 2024 07:32 PM AEDT| By Team Kalkine MediaHighlights,KPMG expects the Reserve Bank of Australia (RBA) to start cutting interest rates in February.,Forecast suggests a potential drop in the cash rate to around 3% by 2026.,Economic challenges persist with household income and spending remainin...
ASX200 Nears Record Highs as Arcadium Lithium and Wildcat Resources Surge
October 10, 2024 07:24 PM AEDT| By Team Kalkine MediaHighlights,ASX200 climbs 0.48%, approaching record highs.,Arcadium Lithium soars 39% after Rio Tinto's takeover interest.,Wildcat Resources and Perenti post notable gains.,The ASX200 index rose by 0.48% during afternoon trade, reaching 8,215 points,...
Dalian Iron Ore Futures Rebound on Fresh China Stimulus Hopes
October 10, 2024 07:17 PM AEDT| By Team Kalkine MediaHighlights,Dalian iron ore futures rebound on renewed China stimulus hopes.,China's upcoming fiscal measures boost market sentiment.,Seasonal demand for steel strengthens alongside policy support.,Iron ore futures on the Dalian Commodity Exchange (DC...
US CPI Data The Key for November Market Trends?
October 10, 2024 07:03 PM AEDT| By Team Kalkine MediaHighlights,US CPI data could influence November market trends.,The US Fed cut rates by 50bps recently.,Analysts expect US CPI to show a 2.3% decrease for September.,The release of tonight’s US Consumer Price Index (CPI) data is poised to play a cruci...
China Introduces 500 Billion Yuan Swap Facility to Support Capital Market
October 10, 2024 06:47 PM AEDT| By Team Kalkine MediaHighlights,China's central bank launches 500 billion yuan funding scheme.,The scheme aims to support securities firms, fund companies, and insurers.,Assets can be used as collateral for liquid assets.,In a move to strengthen its financial markets, th...
ASX Rises as China Markets Show Some Recovery
October 10, 2024 06:42 PM AEDT| By Team Kalkine MediaHighlights,ASX 200 closed 0.44% higher, trimming early gains.,Materials and Energy sectors led, while Utilities fell.,KPMG forecasts RBA rate cuts starting in February 2024.,The Australian stock market,(,ASX 200,),closed 0.44% higher at 8,223.5 point...
ASX Lifts as BHP and Rio Tinto Lead the Market
October 10, 2024 12:50 PM AEDT| By Team Kalkine MediaHighlights:,The S&P/ASX 200 rose 0.5%, driven by gains in mining and energy sectors, following positive cues from Wall Street and expectations of policy easing in the US and China.,Rio Tinto (,ASX:RIO,) climbed 0.4% amid a takeover bid for,Arcadium,L...
ASX 200 Set to Rise as US Markets Reach Record Highs and Investors Brace for US CPI Data
October 10, 2024 10:02 AM AEDT| By Team Kalkine MediaHighlights:,ASX,200 Futures Up 0.40%,:,ASX 200 futures rise as global markets rally, with US CPI data expected to,impact,volatility.,Key,Corporate News,:,Highlights include Auckland Airport’s strong retail offer, Newmont’s gold mine sale, and Rio Tin...
China to Unveil Key Fiscal Stimulus Plans Amid Economic Slowdown
October 09, 2024 06:29 PM AEDT| By Team Kalkine MediaHighlights,China's finance ministry to announce detailed fiscal stimulus measures.,Special bonds are expected to be a key tool to boost economic recovery.,Markets anticipate these actions to stabilize the economy and spur growth.,China's finance mini...
ASX200 Rises as Echo IQ, Novonix and Equinox Resources Lead
October 09, 2024 05:48 PM AEDT| By Team Kalkine MediaHighlights,Tech sector boosts Wall Street to near record highs.,Iron ore prices continue downward trend amid China’s slowing stimulus.,Echo IQ and Novonix see notable gains from positive company news.,The ASX200 showed a slight increase in afternoon...
Dimon and Dalio's Economic Outlook The Real Concern is Debt
October 09, 2024 03:46 PM AEDT| By Team Kalkine MediaHighlights,Economic leaders highlight concerns about long-term inflation rather than short-term rate cuts.,The growing US debt is a pressing issue that may have long-term effects on the economy.,Geopolitical risks add complexity to the global financi...
Oil Prices Steady Amid Economic Concerns and Middle East Tensions
October 09, 2024 03:42 PM AEDT| By Team Kalkine MediaHighlights,Oil prices stabilize after a major drop amid concerns about China's economic outlook.,Traders keep a close watch on the situation in the Middle East, particularly tensions between Israel and Iran.,Uncertainty looms in the oil market as glo...
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