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ASX Market Update: Marginal Gains Expected as Investors Await RBA Decision
September 23, 2024 09:45 AM AEST| By Team Kalkine MediaThe ASX200 is projected to open 0.11% higher today, building on Friday’s record close of 8209.5 points. Investors are focused on the upcoming Reserve Bank of Australia (RBA) meeting this week, with attention centered on potential developments in the...
ASX 200 Expected to Fall, S&P 500 Retreats, Gold and Uranium Stocks Climb
September 23, 2024 09:43 AM AEST| By Team Kalkine MediaAs of 8:30 am AEST, the ASX 200 futures are trading 68 points lower, down 0.83%, indicating a potential downturn in today's session.,Market Update,Last Friday, the stock market appeared to pause after an extended rally, driven by expectations of rate...
The Morning Update: ASX Poised for Continued Gains; Jobs Data Temper Rate Hike Expectations at Home
September 20, 2024 07:41 PM AEST| By Team Kalkine MediaThe Australian Securities Exchange (ASX) is poised to continue its positive momentum today, with futures indicating a rise of 0.61% to 8,191.9 points, building on yesterday's achievement of a new 100-day high.,Rate Cut Timeline Adjusted,Recent data f...
ASX Small Caps Lunch Update: Technology Leads as Market Achieves New Record on US Economic Optimism
September 20, 2024 07:39 PM AEST| By Team Kalkine MediaASX 200 Reaches New Peak Before Minor Dip Amid Positive US Economic Sentiment,The ASX 200 achieved another personal best this morning, reflecting renewed optimism regarding the US economy and creating a positive ripple effect in local markets. At the...
ASX Market Update: Gains Trimmed as Miners and Health Sector Slip
September 20, 2024 05:46 PM AEST| By Team Kalkine MediaThe Australian Securities Exchange (ASX) has experienced a slight setback, trimming earlier gains and settling flat as several key sectors, particularly mining and healthcare, turned negative. Despite reaching an intraday high of 8,246.2 points—marki...
Index Reaches Highest Closing Level in History
September 20, 2024 05:32 PM AEST| By Team Kalkine MediaThe ASX200 closed up by 0.2% at 8,209 points, finishing the week just shy of the all-time high of 8,246 set during intraday trading. Australian markets continue to reflect the positive sentiment from Wall Street, bolstered by growing investor confide...
Arcadium Lithium (ASX: LTM) Navigates Market Challenges and Growth Opportunities
September 20, 2024 05:07 PM AEST| By Team Kalkine MediaArcadium Lithium,(ASX: LTM),, a US-Australian lithium giant, is adapting to market conditions by pausing hard rock developments in Canada and planning to close the Mt Cattlin mine in Western Australia next year. Despite these adjustments, the company...
Market Reactions to the Recent US Fed Interest Rate Cut and Implications for Australia
September 20, 2024 04:27 PM AEST| By Team Kalkine MediaThis week marked a significant shift as the US Federal Reserve cut interest rates by 50 basis points. While many anticipated this move, the immediate reaction from the markets was unexpected—stock indices declined. The cut, initially seen as a positi...
Australian Shares Set for Rally Following Record Highs on Wall Street
September 20, 2024 03:24 PM AEST| By Team Kalkine MediaAustralian shares are positioned to continue their upward momentum after US equities reached new heights, fueled by optimism that Federal Reserve policymakers have laid the groundwork for a smooth economic transition.,ASX Futures Show Positive Outloo...
3Fourteen Research Emphasizes Need for Equities Amid Changing Market Dynamics
September 20, 2024 03:22 PM AEST| By Team Kalkine MediaIn a recent report, Warren Pies of 3Fourteen Research highlighted significant shifts in market dynamics following the US Federal Reserve’s recent policy adjustments. Pies noted that investors should consider reducing their bond holdings while increas...
Poll Predicts RBA Rate Cuts in Early 2025 Amid Current Monetary Policy Stance
September 20, 2024 03:20 PM AEST| By Team Kalkine MediaAccording to a recent poll conducted by Reuters, Australia’s central bank, the Reserve Bank of Australia (RBA), is expected to maintain its key policy interest rate at 4.35% during its upcoming meeting and throughout the remainder of 2024. This decis...
Oil Prices Rise Over 1% as US Rate Cuts and Declining Inventories Provide Support
September 20, 2024 03:18 PM AEST| By Team Kalkine MediaOil prices extended their recovery on Thursday (Friday AEST), rising by more than 1% amid a significant cut in US interest rates and decreasing global stockpiles. This increase helped to alleviate some concerns regarding weak consumption, particularl...
Australian Shares Reach All-Time High Amid US Market Optimism, While Rio Tinto Faces Decline
September 20, 2024 03:16 PM AEST| By Team Kalkine MediaAustralian shares achieved a new milestone on Friday, driven by optimism that propelled Wall Street to record highs, fueled by expectations surrounding the US Federal Reserve’s significant rate cut and its implications for the global economy.,ASX Per...
China Maintains Benchmark Lending Rates Amid Economic Challenges; Market Anticipates Future Cuts
September 20, 2024 03:15 PM AEST| By Team Kalkine MediaIn a surprising move, the People’s Bank of China (PBOC) has decided to keep its benchmark lending rates unchanged during the monthly fixing on Friday, defying market expectations that anticipated a rate adjustment following the recent significant int...
Alinta Energy Transfers CORE Billing System to Tally Group
September 20, 2024 03:09 PM AEST| By Team Kalkine MediaElectricity and gas supplier Alinta Energy has entered into an agreement to sell its retail energy billing platform, CORE, to Tally Group. The financial terms of the deal were not disclosed.,Alinta had engaged Moelis Australia earlier in the year to...
Record High for Index as It Mirrors Wall Street Surge
September 20, 2024 02:04 PM AEST| By Team Kalkine MediaThe S&P/ASX 200 Index (ASX: XJO) has shown resilience, climbing 0.3% to 8,220 points after reaching an all-time high of 8,246 during intra-day trading. This positive movement in the Australian bourse aligns with a strong performance in the US markets...
Raiden Resources (ASX: RDN, DAX: YM4) Secures Drill Rigs for Andover Lithium Drilling Starting Next Week
September 20, 2024 11:17 AM AEST| By Sonal GoyalHighlights,RDN has engaged Topdrill and JB Contracting & Quarries Pty Ltd for maiden drilling at the Andover south Lithium Project.,Initial drilling program will cover 5,000m, with the option to extend up to 10,000m at RDN’s discretion.,Both contract...
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...
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