Market updates
FY24 Results Overview: Wesfarmers, Southern Cross Media, Qantas
August 29, 2024 10:05 AM AEST| By Team Kalkine MediaAs the 2024 fiscal year reporting season nears its end, major Australian companies have disclosed their financial performance, shedding light on their achievements and challenges. Among these are Wesfarmers Ltd (ASX:WES), Southern Cross Media Group L...
ASX 200 Set for Decline; Nvidia Slips Post-Earnings, Wesfarmers and MinRes Reveal FY24 Outcomes
August 29, 2024 10:02 AM AEST| By Team Kalkine MediaAs of 8:30 am AEST, ASX 200 futures are trading 22 points lower, reflecting a 0.27% decline. The market's focus is on significant earnings results, including those from Wesfarmers Ltd (ASX: WES) and Mineral Resources Ltd (ASX: MIN), both reporting th...
Pilbara Minerals (ASX: PLS) Reports High Costs and Lower Prices in FY24 Results
August 28, 2024 06:04 PM AEST| By Team Kalkine MediaPilbara Minerals,(ASX: PLS),has recently released its financial results for the fiscal year 2024, shedding light on some of the challenges the company faces in the current lithium market. The results indicate a significant decline in profitability an...
Exploring ASX and Wesfarmers Ltd: Key ASX Shares to Review
August 28, 2024 04:56 PM AEST| By Team Kalkine MediaAmid recent fluctuations in the market, ASX Ltd and Wesfarmers Ltd have displayed notable share price movements. ASX Ltd's shares are down 2.5% this year, while Wesfarmers Ltd's shares have risen significantly from their,52-week lows,, highlighting c...
Commodity Stocks Weigh Down ASX, Tabcorp Faces Major Decline
August 28, 2024 04:26 PM AEST| By Team Kalkine MediaThe Australian sharemarket took a hit on Wednesday afternoon, driven by a downturn in commodity stocks amid a busy day of corporate earnings reports.,The S&P/ASX 200 Index (ASX: XJO) dropped 29.6 points, or 0.4%, to 8,044.4 by 2:37 pm AEST. The decli...
ASX Declines; Kelsian and Woolworths Rise, Tabcorp Drops
August 28, 2024 12:18 PM AEST| By Team Kalkine MediaAustralian shares experienced a midday dip on Wednesday, reflecting a broad decline in the benchmark S&P/ASX 200 Index, which fell 49.5 points, or 0.6%, to 8,021.7. The drop was primarily driven by weaker performances in the energy and communication...
Australian Shares Set to Decline as Nvidia Earnings Loom Large
August 28, 2024 10:03 AM AEST| By Team Kalkine MediaAustralian shares are expected to open lower today, despite Wall Street closing with modest gains overnight. ASX futures were down 29 points, or 0.4%, to 7996 near 7 am AEST, indicating a bearish start. Investors are keenly awaiting the quarterly res...
ASX 200 Slips, While S&P 500 and Nasdaq Make Gains: Earnings Reports from Woolworths and Fortescue
August 28, 2024 09:58 AM AEST| By Team Kalkine MediaThe ASX 200 experienced a dip today, contrasting with the upward movement seen in the S&P 500 and Nasdaq. Market attention is focused on the latest earnings releases from major players such as Woolworths Group Limited (ASX: WOW) and Fortescue Metals...
ASX Market Experiences Decline, Weighed Down by Lovisa and Zip
August 27, 2024 04:52 PM AEST| By Team Kalkine MediaOn Tuesday, the Australian sharemarket closed lower as investors grappled with escalating tensions in the Middle East and assessed a new wave of profit reports from some of Australia's largest companies. The S&P/ASX 200 Index fell by 0.2% or 13.3 poi...
ASX 200 Steady Amidst Mixed Results; Woodside and Worley Shine
August 27, 2024 01:43 PM AEST| By Team Kalkine MediaOn Tuesday, the Australian sharemarket displayed cautious trading behavior at midday, following a mixed session on Wall Street and rising geopolitical tensions in the Middle East. The S&P/ASX 200 Index (ASX: XJO) was relatively steady, down 4.2 point...
ASX 200 Edges Higher; Lovisa Experiences Significant Decline Amidst Key Earnings Reports
August 27, 2024 11:54 AM AEST| By Team Kalkine MediaThe Australian sharemarket experienced a modest increase following a mixed session on Wall Street, as investors assessed profit reports from major Australian companies.,The S&P/ASX 200 index inched up by 0.1%, or 9.7 points, to 8094.2, approaching th...
Queensland Pacific Metals (ASX:QPM) Shifts Focus to Gas with New Contracts and National Electricity Market Sales
August 27, 2024 11:36 AM AEST| By Team Kalkine MediaQueensland Pacific Metals (ASX:QPM), formerly known as Queensland Pacific Nickel, is adapting to evolving market conditions by transitioning from nickel to natural gas. This strategic pivot follows a challenging period for nickel prices, exacerbated...
ASX 200 Earnings Overview: BHP, Coles, and Woodside Report Financials
August 27, 2024 10:05 AM AEST| By Team Kalkine MediaAs Australia navigates a crucial reporting season, three of the nation's corporate giants—BHP Group Ltd (ASX:BHP), Coles Group Ltd (ASX:COL), and Woodside Energy Group Ltd (ASX:WDS)—have disclosed their financial outcomes for the fiscal year 2024. Th...
ASX 200 Futures Steady; Dow Hits Record High Amid BHP, Woodside, and Zip Earnings
August 27, 2024 09:59 AM AEST| By Team Kalkine MediaASX 200 Futures Edge Higher as of 8:30 AM AEST,OVERNIGHT MARKETS,Major US benchmarks had a mixed performance, with markets anticipating Nvidia's earnings and additional inflation data. Gold achieved a record close, while US July durable goods orders...
Australian Shares Surge as Interest Rate Cuts Loom
August 26, 2024 03:39 PM AEST| By Team Kalkine MediaAustralian shares are poised to close the first session of the week on a positive note, driven by news from the US Federal Reserve. The S&P/ASX 200 Index has risen by 54 points, or 0.7%, to 8078 points, nearing the record high set earlier this month....
ASX 200 Set to Rise as Powell Hints at Rate Cuts; Pilbara Minerals and Bendigo Bank Report Results
August 26, 2024 09:50 AM AEST| By Team Kalkine MediaThe ASX 200 (ASX: XJO) is expected to rise following signals from Federal Reserve Chair Jerome Powell that interest rate cuts may be imminent. This has generated optimism across the markets, likely leading to gains in the Australian share market. In...
IPH Ltd (ASX: IPH) Secures $100 Million for Acquisition of Canadian IP Firm Bereskin & Parr
August 23, 2024 12:52 PM AEST| By Team Kalkine MediaIntellectual property services provider IPH Ltd (ASX: IPH) has successfully raised $100 million through an Institutional Placement aimed at funding its acquisition of Canadian intellectual property firm Bereskin & Parr.,The Institutional Placement at...
Why Fund Managers Are Growing Discontented with These 10 ASX Stars
August 23, 2024 12:14 PM AEST| By Team Kalkine MediaFor chief executives and institutional investors, the critical phase of earnings season begins after the analyst calls, media interviews, and the presentation of results have concluded. Investor roadshows offer a unique opportunity for fund managers...
ASX to Decline as Wall Street Retreats, Powell's Speech Anticipated
August 23, 2024 11:54 AM AEST| By Team Kalkine MediaAustralian shares are expected to open lower, mirroring the declines observed on Wall Street. Investors are grappling with Federal Reserve policymakers urging a reassessment of interest rate cut expectations.,Wall Street Performance (at 4 PM ET):,- D...
Australian Shares Set to End 10-Day Winning Streak
August 23, 2024 11:10 AM AEST| By Team Kalkine MediaAustralian shares are poised to end a 10-day winning streak on Friday, with the market opening down 0.2 percent at 8008 points. This decline follows a negative session on Wall Street, where the Nasdaq (NASDAQ:IXIC) experienced a drop of 1.7 percent.,...
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