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ASX200 Set for Gains as Iron Ore Prices Strengthen
September 26, 2024 11:51 AM AEST| By Team Kalkine MediaHighlights,The ASX200 is projected to rise by 0.4% at the opening, driven by stronger iron ore prices.,Iron ore prices have increased by 1.75%, reaching $96.40 on the Singapore Exchange, influenced by China's stimulus plans.,Washington H. Soul Pattin...
ASX Sees Broad Rally Amid Mixed Global Markets
September 26, 2024 11:29 AM AEST| By Team Kalkine MediaHighlights,The S&P/ASX 200 Index opened with a 0.7% increase, boosted by gains across most sectors.,Key performers include Wesfarmers and JB Hi-Fi, both showing solid upward movement.,Brickworks surged 5% despite reporting a statutory net loss for FY...
QX Resources (ASX:QXR) Expands US Lithium Portfolio with Renegotiated Agreements
September 26, 2024 11:27 AM AEST| By Sonal GoyalHighlights,QXR has renegotiated its option agreement for the Liberty Lithium Brine Project, lowering cash option payments from US$1.7 million to US$500,000.,Under the restructured agreement, QXR gains the option to acquire a 25% stake in IG Lithium L...
ASX to Open Higher as Wall Street Experiences Declines
September 26, 2024 10:29 AM AEST| By Team Kalkine MediaAustralian shares are set for an increase, supported by a slight rise in futures, while Wall Street saw declines in major indices. Wall Street's session was influenced by key companies like Amgen Inc. (NASDAQ:AMGN), Chevron Corporation (NYSE:CVX), an...
Goldman Sachs Lowers 10-Year Yield Forecasts for US, Germany, Japan
September 26, 2024 10:17 AM AEST| By Team Kalkine MediaGoldman Sachs has recently revised its forecasts for 10-year government bond yields in key markets, including the United States, Germany, and Japan. The Wall Street institution adjusted these projections in response to evolving market dynamics and gl...
Global Markets Overview and ASX Opening Outlook
September 26, 2024 10:15 AM AEST| By Team Kalkine MediaSummary Points,US markets closed mixed as investors weighed Fed rate cut expectations and AI demand signals.,Oil prices dropped over 2% due to easing supply concerns and weak demand forecasts.,Australian small caps, including QMines Ltd and Brookside...
ASX to Open Slightly Higher Despite Wall Street's Dip
September 26, 2024 09:55 AM AEST| By Team Kalkine MediaThe Australian market is set for a modest rise on Thursday as the,ASX200,futures contract pointed to a 0.2% increase at 8 a.m. AEST. Despite this, stocks in the U.S. had a challenging session, with the S&P 500 down 0.19%, the Dow Jones dropping 0.7%,...
ASX Set to Rise Amid Iron Ore Price Increase; Platinum Asset Management Rejects Regal Bid; Soul Pattinson Reports Profit Decline
September 26, 2024 09:53 AM AEST| By Team Kalkine MediaAustralian shares are positioned for a potential rise, buoyed by the rally in iron ore prices, despite Wall Street's mixed performance overnight. The ASX futures index indicated a 0.2% gain, with a rise of 17 points near 7 am AEST. Meanwhile, the US...
ASX 200 Expected to Rise, While S&P 500 Retreats and China’s Market Slows
September 26, 2024 09:47 AM AEST| By Team Kalkine MediaThe ASX 200 is expected to open higher, with futures pointing to a 17-point gain, up 0.20% as of 8:30 am AEST. Meanwhile, global market movements show major US indices pulling back from record highs, while China's market rally appears to lose momentu...
Oil Market Update: Prices Steady Amid Geopolitical Tensions and Economic Stimulus
September 25, 2024 06:32 PM AEST| By Team Kalkine MediaHighlights,Brent crude remains above $75 per barrel, while West Texas Intermediate trades near $72.,China's recent economic stimulus measures may influence future energy demand, though effects remain uncertain.,US crude inventories have reportedly de...
ASX Performance Update: CPI Drops to 2.7%, Market Shifts in Response
September 25, 2024 06:22 PM AEST| By Team Kalkine MediaHighlights,The ASX closed 0.19% lower at 8,126.40 points following a CPI decline to 2.7% in August.,Mineral Resources and Sayona Mining saw significant gains amid market declines.,Premier Investments and Sigma Healthcare faced notable losses due to d...
Inflation Cools to 2.7% in August, Aligning with RBA Targets
September 25, 2024 05:47 PM AEST| By Team Kalkine MediaHighlights,Inflation dropped to 2.7% in August, meeting the RBA's target for the first time since mid-2021.,The RBA kept the cash rate at 4.35%, awaiting more evidence of sustainable inflation control.,Despite global easing, the RBA has ruled out rat...
Telix Pharmaceuticals (ASX:TLX) turns profitable in 1HFY24, eyes over 50% revenue growth in FY24
September 25, 2024 05:43 PM AEST| By Team Kalkine MediaHighlights,Revenue for 1HFY24 was AUD 364.0 million, up 64.9% YoY,Sales of lead imaging product, Illuccix® made significant contribution in half year revenueTLX turned profitable with a net profit of AUD 29.7 million in 1HFY24,The company expects 48-...
Solomon Lew Sees Potential in Myer Merger Talks, No Red Flags Identified
September 25, 2024 05:39 PM AEST| By Team Kalkine MediaHighlights,Solomon Lew finds no red flags in Myer merger talks.,Premier’s brands earn 20 cents per dollar, Myer just 1.5 cents, indicating strong merger potential.,Smiggle demerger delayed to prioritize Myer merger discussions.,Retail magnate Solomon...
RBA's Cautious Approach: Inflation, Mortgage Dynamics, and Global Pressures
September 25, 2024 02:57 PM AEST| By Team Kalkine MediaHighlights,RBA holds cash rate at 4.35%, tightening less than global peers.,Australia's inflation remains high due to unique mortgage market dynamics.,Flexible exchange rate shields economy, but China's slowdown adds pressure.,The Reserve Bank of Aus...
Exciting ASX Market Update on Key Developments and Must-Watch Small Caps
September 25, 2024 02:07 PM AEST| By Team Kalkine MediaHighlights,ASX set to rise 0.25% ahead of CPI report, driven by Wall Street gains and China's stimulus.,Gold hits US$2,658.30, iron ore jumps 6% to US$95.15, with CPI growth expected at 2.7%.,Watch small caps: Black Canyon (ASX:BCA) for manganese, In...
Chimeric Therapeutics (ASX:CHM) partners with US biotech firm to expand cell therapy reach
September 25, 2024 01:29 PM AEST| By Sonal GoyalHighlights,Chimeric Therapeutics and Achieve Clinics have formed a collaboration to expand the reach of CHM’s cell therapies.,Achieve Clinics’ PRO-Aph,TM,is expected to streamline future development plans for CHM and improve access to CHM CDH17.,The...
ASX Morning Update: Top Performers on a Positive Start
September 25, 2024 01:21 PM AEST| By Team Kalkine MediaHighlights,ReNu Energy doubled after an $8 million green hydrogen grant.,Western Gold Resources rose on a positive Gold Duke project Scoping Study.,Great Boulder Resources revealed high gold grades at the Mulga Bill project.,Good morning! Here are th...
Revolutionizing the Beauty Industry with Attractive Profit Margins and Positive Growth Potential
September 25, 2024 12:43 PM AEST| By Team Kalkine MediaHighlights,Market Potential: Australian injectables exceed,$4 billion,; laser hair removal boasts a 99% margin,.,Expansion Plans:,Stormeur,aims to raise $6-7 million for new outlets in Sydney and Melbourne,.,Profit Strategy: Uniform store design targ...
ASX Set to Rise Ahead of Inflation Data Release
September 25, 2024 12:09 PM AEST| By Team Kalkine MediaHighlights,ASX Set to Rise: ASX expected to open higher with SPI 200 futures up 0.32%, awaiting CPI data.,Wall Street Records: US indexes hit record highs despite weak consumer confidence, boosted by China's stimulus.,Commodity Gains: Oil prices reac...
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