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Market updates
Australia’s Unemployment Rate Holds Steady at 4.2% in August; Job Gains Exceed Expectations
September 20, 2024 01:22 AM AEST| By Team Kalkine MediaAustralia’s unemployment rate held steady at 4.2% in August, reflecting a strong job market despite ongoing economic pressures. The economy added a net 47,500 jobs during the month, surpassing economists' forecasts of 26,000 new positions. The increa...
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ASX Achieves Record High After US Federal Reserve Rate Cut
September 20, 2024 01:20 AM AEST| By Team Kalkine MediaThe ASX200 surged to a new record high on Thursday, propelled by the recent reduction in the US Federal Reserve's interest rate. At midday, the ASX200 stood at 8,152.5, marking an increase of 10 points, or 0.13 percent. By the close of trading, the b...
Closing Bell: ASX Hits New Record with Boost from Iron Ore Giants; RBA Rate Cut Unlikely Amidst Tight Job Market
September 20, 2024 01:19 AM AEST| By Team Kalkine MediaMarket Update: ASX Reaches Record Highs Amid Iron Ore Rally; RBA Rate Cut Unlikely as Job Market Remains Robust,The ASX200 achieved a new record high today, driven by a rally in mining stocks following the first interest rate reduction from the US Fe...
Markets Remain Steady Despite Robust Jobs Data
September 19, 2024 12:31 PM AEST| By Team Kalkine MediaThe latest employment data has triggered a modest yet notable response in Australian financial markets. Despite the upbeat report indicating strong job growth, market movements have been relatively stable. Australian bond yields saw a slight uptick o...
August Unemployment Data Preview: Analysts Weigh In
September 19, 2024 12:25 PM AEST| By Team Kalkine MediaThe Australian Bureau of Statistics is set to release the August labor force report at 11:30 a.m. AEST on Thursday. Analysts have offered varied expectations for the upcoming data, which will provide crucial insights into the current state of the lab...
Wall Street Reacts to Federal Reserve’s Rate Cut Decision: Expert Insights
September 19, 2024 12:18 PM AEST| By Team Kalkine MediaThe recent move by the U.S. Federal Reserve to implement a significant 50 basis point rate cut has generated considerable discussion among economists and strategists on Wall Street. With the Fed's next policy meeting scheduled for November 6-7 and th...
ASX Futures Signal Decline After Federal Reserve's Interest Rate Stance, Wall Street Closes Lower
September 19, 2024 12:16 PM AEST| By Team Kalkine MediaThe Australian share market is poised to open lower following overnight declines on Wall Street, as futures trading indicates a dip in the ASX. This comes after the U.S. Federal Reserve announced a significant 50 basis point rate cut but signaled a s...
Australia’s Employment Data Anticipated Amid Economic Uncertainty
September 19, 2024 12:14 PM AEST| By Team Kalkine MediaThe Australian Bureau of Statistics (ABS) is set to release the latest employment figures today, with analysts and market participants closely watching the data for insights into the state of the labor market. The report, scheduled for 11:30 a.m., wi...
Fed's Bold Move and Its Impact on Key Stocks
September 19, 2024 12:14 PM AEST| By Team Kalkine MediaAustralian futures are pointing lower today following a mixed session on Wall Street. The Federal Reserve’s decision to cut interest rates by 0.50 percentage points has created a ripple effect across global markets. Despite initial optimism, US stock...
New Zealand Economy Records Contraction in Q2 2023 Amidst Ongoing Challenges
September 19, 2024 12:08 PM AEST| By Team Kalkine MediaNew Zealand's economy experienced a contraction in the second quarter of 2023, with gross domestic product (GDP) declining by 0.2% compared to the previous quarter. This downturn, though slightly less severe than the 0.4% contraction anticipated by a...
Fed’s Unexpected Rate Cut: What It Means for the Market
September 19, 2024 12:04 PM AEST| By Team Kalkine MediaOn Wednesday night (Thursday morning AEST), the US Federal Reserve made a surprising decision to cut interest rates by 0.50 percentage points, a move that has left many economists and investors scrambling to understand the implications. The rate cut...
ALQ Reports Expected Profit Impact: Minerals Division Faces Volume Challenges
September 19, 2024 11:59 AM AEST| By Team Kalkine MediaALS Limited (ASX: ALQ), a global leader in testing, inspection, and certification services, has announced that its minerals business is experiencing volume-related challenges. The company anticipates a decline in its underlying net profit for the Sep...
Cochlear Limited (ASX:COH) Appoints New CFO: Leadership Transition Highlights
September 19, 2024 11:57 AM AEST| By Team Kalkine MediaCochlear Limited (ASX:COH), a prominent player in the health technology sector, has announced the appointment of Sarah Thom as its new Chief Financial Officer (CFO). The transition is set to occur in November, as Stuart Sayers, the current CFO, prepa...
Orica Limited Projects Stronger-than-Expected Earnings
September 19, 2024 11:56 AM AEST| By Team Kalkine MediaOrica Limited (ASX: ORI), a leading provider of commercial explosives, has announced that it anticipates its second-half earnings will surpass previous forecasts. The company indicated that underlying earnings are set to be higher than the prior year...
Jerome Powell’s Bold Rate Cut and Its Impact on the US Federal Reserve’s Strategy
September 19, 2024 11:54 AM AEST| By Team Kalkine MediaOn Wednesday (Thursday AEST), the US Federal Reserve made a significant decision, opting for a substantial 0.50% cut in interest rates. This move marks a bold beginning to the much-anticipated rate-cutting cycle, surpassing many market expectations....
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Mickie Rosen to Succeed Mike Sneesby on Domain Board
September 19, 2024 11:50 AM AEST| By Team Kalkine MediaMickie Rosen, a long-standing director at Nine Entertainment Co. Holdings Limited (ASX: NEC), is set to replace Mike Sneesby as the media company’s representative on the board of Domain Holdings Australia Limited (ASX: DHG). This transition comes on...
Sims Limited Faces Challenges in ANZ Operations Amid Weak Demand
September 19, 2024 11:49 AM AEST| By Team Kalkine MediaSims Limited (ASX: SGM), a prominent player in the scrap metals recycling industry, has reported that its operations in Australia and New Zealand are currently experiencing significant pressures due to declining demand from China. The company’s lates...
Monadelphous Group Secures $230 Million in New Contracts
September 19, 2024 11:48 AM AEST| By Team Kalkine MediaMonadelphous Group Limited (ASX: MND), a leading engineering company, has recently announced the acquisition of a series of contracts worth a substantial $230 million. This influx of new business is set to enhance the company's operations and reinfor...
Oil Prices Face Continued Decline Amid Mixed Signals
September 19, 2024 11:40 AM AEST| By Team Kalkine MediaOil prices,extended their losses for a second consecutive session, reflecting a complex interplay of factors that include diminishing demand in the United States and geopolitical tensions in the Middle East. As of the latest figures, West Texas Inter...
ASX to Follow Wall Street Lower Despite US Fed's 50bp Rate Cut
September 19, 2024 11:38 AM AEST| By Team Kalkine MediaASX futures indicate a 0.5% dip in early trading, reflecting the downturn in US and European markets.,US Federal Reserve Decision and Market Impact,The US Federal Reserve's recent decision to cut interest rates by 50 basis points (bps), lowering the...
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