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Market updates
Westwater Resources Announces Off-Take Agreement for Sale of 100% of Fines Graphite Production from its Kellyton Plant
September 17, 2024 11:30 PM AEST| By Business WireWestwater contracts with Hiller Carbon, a leading supplier of materials to the steel and foundry industries, to supply 100% of its natural graphite Fines production. With this binding Off-Take Agr...
U.S. Crude Oil Inventories to Rise by 0.3 Million Barrels Week-Over-Week Despite Storm Impact, Macquarie Says
September 17, 2024 08:27 PM AEST| By EODHDU.S. Crude Oil Inventories to Rise by 0.3 Million Barrels Week-Over-Week Despite Storm Impact, Macquarie Says
Regal Partners' (ASX:RPL) Bid for Platinum Asset Management Could Expand Phil King's Empire to $29 Billion
September 17, 2024 06:36 PM AEST| By Team Kalkine MediaPhil King’s Regal Partners Limited (ASX:RPL) is on the verge of making a transformative move that could reshape the Australian funds management landscape. The company has made a formal bid to acquire Platinum Asset Management Limited (ASX:PTM), a glo...
Xero's Share Price Rises Following Syft Analytics Acquisition
September 17, 2024 06:13 PM AEST| By Team Kalkine MediaShares of Xero Limited (ASX: XRO) rose by 2.1% to $147.55 after the company announced its acquisition of Syft Analytics, a global cloud-based reporting, insights, and analytics platform. The deal, valued at up to $US70 million, marks a strategic move...
ASX Rally Faces Key Test with Commonwealth Bank's Dividend Reinvestment Scheme
September 17, 2024 06:12 PM AEST| By Team Kalkine MediaThe Australian Securities Exchange (ASX), buoyed by a strong rally in Commonwealth Bank of Australia (ASX:CBA) shares, faces a potential shift as the bank's highly popular dividend reinvestment plan (DRP) comes to an end. The reinvestment scheme has...
Aluminum Prices Surge After Vedanta Refinery Incident in India
September 17, 2024 06:11 PM AEST| By Team Kalkine MediaAluminum prices saw a significant uptick after reports of an accident at a Vedanta Ltd. (NSE: VEDL) alumina refinery in India. The incident involved the collapse of a water storage pond at the company's Lanjigarh plant, potentially impacting the glob...
Why Xero Ltd (ASX: XRO) and Woolworths Group Ltd (ASX: WOW) Are Worth Watching
September 17, 2024 06:04 PM AEST| By Team Kalkine MediaThe share price of Xero Ltd has surged 30.9% since the beginning of 2024. Meanwhile, Woolworths Group Ltd remains 8.0% shy of its 52-week high. This article explores why Xero and Woolworths might be compelling additions to an ASX stock watchlist.,Xer...
Why ASX Ltd and Wesfarmers Ltd (ASX:WES) Are Key Shares to Watch Now
September 17, 2024 05:27 PM AEST| By Team Kalkine MediaIn 2024, the performance of ASX Ltd and Wesfarmers Ltd has drawn attention. ASX Ltd, the cornerstone of Australia's financial markets, has seen a modest rise in its share price. Meanwhile, Wesfarmers Ltd, a major player in retail and other sectors, h...
UBS Forecasts Significant Upside Potential for Perseus Mining (ASX: PRU)
September 17, 2024 03:58 PM AEST| By Team Kalkine MediaUBS has recently initiated coverage on,Perseus Mining Limited (ASX: PRU),, emphasizing substantial upside potential for the company’s shares. The global investment bank set a target price of,$3 per share,, reflecting an anticipated increase of around...
UBS Lowers Oil Price Forecasts Amid Slowing Global Demand
September 17, 2024 03:27 PM AEST| By Team Kalkine MediaUBS has recently revised its oil price forecasts downward, pointing to weakening global demand as a key factor. This shift in demand is largely influenced by slowing growth in major economies, particularly in markets such as China and Europe. As glob...
Trump Unveils Crypto Initiative Amid Controversies
September 17, 2024 01:58 PM AEST| By Team Kalkine MediaDonald Trump recently made headlines by unveiling a new cryptocurrency initiative, World Liberty Financial, aimed at entering the decentralized finance (DeFi) sector. This venture represents a notable expansion into the digital assets space, characte...
Webjet to Split into Two ASX-Listed Entities Following Shareholder Approval
September 17, 2024 01:52 PM AEST| By Team Kalkine MediaShareholder Approval,Webjet Limited (ASX: WEB) has received overwhelming support from its shareholders for a significant strategic shift. In a decisive vote, over 95% of Webjet’s shareholders approved the company's proposal to demerge into two separa...
ASX Peaks Above Previous Record Before Retreating
September 17, 2024 12:15 PM AEST| By Team Kalkine MediaRecord Intra-Day High,On 17,September, 2024 the Australian Securities Exchange (ASX) experienced a noteworthy moment in its trading history, achieving a new intra-day record. At 11:08 AM, the ASX soared to 8148.8 points, surpassing the previous recor...
Iron Ore Prices May Fall to $US80 Amid China’s Steel Sector Crisis, Warns CBA
September 17, 2024 12:14 PM AEST| By Team Kalkine MediaIron ore prices are under significant pressure due to ongoing challenges in the Chinese steel sector, with recent warnings suggesting a potential decline to $US80 per tonne.,Current Market Conditions,According to Commonwealth Bank (CBA), iron ore pri...
Oil Prices Surge Amid Decline in Libyan Exports and Fed Rate Cut Anticipation
September 17, 2024 11:56 AM AEST| By Team Kalkine MediaOil prices experienced a significant uptick as Libyan oil exports continued to dwindle and expectations grew for a more aggressive stance by the Federal Reserve on interest rate cuts.,Oil Price Movements,West Texas Intermediate (WTI) crude saw a more...
Morgan Stanley Analysis Highlights Divergence in Stock and Bond Market Expectations
September 17, 2024 11:55 AM AEST| By Team Kalkine MediaLisa Shalett, Chief Investment Officer at Morgan Stanley Wealth Management, recently provided insights into the contrasting scenarios being priced into U.S. stocks and bonds. According to Shalett, the current market dynamics reflect significantly dif...
Goldman Sachs Revises Iron Ore Price Forecast Amid Global Oversupply Concerns
September 17, 2024 11:53 AM AEST| By Team Kalkine MediaGoldman Sachs (GS) has revised its iron ore price forecast for the December quarter, lowering it by 15% to $US85 per tonne from the previous projection of $US100 per tonne. This downward revision reflects the growing imbalance between supply and dema...
Apple (NASDAQ:AAPL)Shares Decline Amid Concerns Over iPhone 16 Demand
September 17, 2024 11:52 AM AEST| By Team Kalkine MediaApple Inc. (NASDAQ:AAPL) shares experienced a notable decline on Monday as market sentiment shifted following concerns over lower-than-expected demand for the newly launched iPhone 16 Pro. The company’s stock dropped approximately 3% during early tra...
Star Entertainment (ASX: SGR) Secures Lender Support Amid Financial Struggles
September 17, 2024 11:51 AM AEST| By Team Kalkine MediaShares in Star Entertainment Group (ASX: SGR) are under close watch following reports that the embattled casino operator has reached a crucial deal with its lenders. According to The Australian Financial Review, the company has secured a lifeline fro...
Oil Prices Surge Amid Libyan Export Disruptions and Federal Reserve Rate Expectations
September 17, 2024 11:49 AM AEST| By Team Kalkine MediaOil prices experienced a notable increase this morning as disruptions in Libya's oil exports, coupled with expectations of a more aggressive Federal Reserve rate cut, created a bullish environment for crude. West Texas Intermediate (,NYSE:WTI,) crude...
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