Market updates
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Oil Prices Ease Amid Hopes for Iran-Israel De-escalation and Weak Demand Outlook
September 24, 2024 12:24 PM AEST| By Team Kalkine MediaOil prices retreated due to a combination of factors, including a weak outlook for fuel demand and the potential for a de-escalation of tensions between Iran and Israel after a recent flare-up. The price of West Texas Intermediate (WTI) crude slipped...

Lowered Fair Value Estimates for Mining Companies Amid Weakening Commodity Prices
September 24, 2024 11:48 AM AEST| By Team Kalkine MediaRecent assessments have indicated a notable decline in fair value estimates for several mining companies due to a general downturn in commodity prices during the September-ending quarter. This trend has been particularly pronounced for iron ore and b...

FMG and Hub24 Ltd: Two ASX Shares Worth Exploring
September 24, 2024 11:46 AM AEST| By Team Kalkine MediaThe share price of Fortescue Metals Group Ltd has experienced a significant decline of 39.8% since the beginning of 2024, while HUB24 Ltd has seen its shares rebound, tracking 95.7% above its 52-week lows. Both companies are making waves in their res...

Former Regal Fund Managers to Launch New Healthcare Investment Fund
September 24, 2024 11:38 AM AEST| By Team Kalkine MediaTwo former portfolio managers from Regal Funds Management are set to establish a new long/short healthcare fund targeting companies in Australia and Asia. The fund, which has already secured over $70 million in backing from an overseas institutional...

Asian Markets Anticipate Gains Amid US Rate-Cut Speculation
September 24, 2024 11:23 AM AEST| By Team Kalkine MediaAsian equity markets are positioned to gain traction, influenced by signals from U.S. Federal Reserve officials indicating potential easing of monetary policy and rising hopes for economic stimulus measures from China.,Market Indicators and Futures,T...

ASX to Slip as Wall Street Rises: Analyzing Market Dynamics
September 24, 2024 11:22 AM AEST| By Team Kalkine MediaAustralian shares are anticipated to dip slightly despite positive momentum from Wall Street, as investors digest remarks from several U.S. policymakers concerning the future direction of interest rates.,ASX Futures Outlook,As of early morning AEST,...

Ideagen earns prestigious recognition in the 2024 The Educator Service Provider Awards
September 24, 2024 10:00 AM AEST| By Business WireSYDNEY--(BUSINESS WIRE)--#DavidGriffiths--Ideagen is delighted to announce its inclusion in the prestigious 2024 The Educator Service Provider Awards, a comprehensive roundup in the school sector that...

ASX Market Update: Australian Stocks Dip Ahead of RBA Decision | September 24, 2024
September 24, 2024 09:51 AM AEST| By Team Kalkine MediaThe ASX200 is expected to open 0.12% lower today, despite strong gains on Wall Street. Investors in Australia are awaiting the Reserve Bank of Australia's (RBA) announcement on interest rates, with a decision due later today.,In the U.S., all three m...

ASX 200 Futures Flat, US Markets Reach Record Close, and RBA Holds Steady
September 24, 2024 09:31 AM AEST| By Team Kalkine MediaAs of 8:30 am AEST, ASX 200 futures are trading 9 points lower, marking a 0.10% decline. This follows a session of strong gains in the US markets, with the S&P 500 and Dow Jones Industrial Average reaching new record highs. Meanwhile, the Reserve Ban...

Apromore Unveils Compliance Center, Transforming Operational Risk Management with Process Intelligence
September 24, 2024 04:53 AM AEST| By Business WireLatest release introduces Apromore Compliance Center, GenAI-enabled Copilot and Variant Comparison among key enhancements MELBOURNE, Australia & NEW YORK--(BUSINESS WIRE)--#AI--Apromore, a global lea...

Defence Support Selects Adarga’s AI Software to Deliver Enhanced Information Analysis
September 23, 2024 09:55 PM AEST| By Business WireLONDON--(BUSINESS WIRE)--Adarga, the leader in AI-driven information intelligence, has been awarded a contract with Defence Support, part of the UK’s Strategic Command. Defence Support has selected A...

Market Highlights: Gold Surpasses US$2,600; Uranium Stocks Surge Following Constellation-Microsoft Nuclear Agreement
September 23, 2024 07:06 PM AEST| By Team Kalkine MediaThe ASX is set to retreat from Friday’s record highs as concerns grow among investors regarding the Reserve Bank's potential delay in rate cuts until next year, despite actions taken by other central banks. As of 8 a.m. AEST, the SPI ASX200 futures c...

ASX Market Update: ACCC Takes Action Against Woolworths and Coles as Beston Enters Administration | September 23, 2024
September 23, 2024 06:59 PM AEST| By Team Kalkine MediaThe ASX200 index is experiencing a decline of approximately half a percent, with Consumer Staples stocks leading the downturn. This decline comes amid ongoing scrutiny from the Australian Competition and Consumer Commission (ACCC) against major retai...

Aussie Companies Position Themselves in the Battery Metals Market
September 23, 2024 06:26 PM AEST| By Team Kalkine MediaAustralian companies South32 Limited,(ASX: S32),and Element 25 Limited,(ASX: E25),are making strides in the battery metals marketplace, particularly in high purity manganese sulfate (HPMSM) projects in the United States. This initiative aligns with e...

Microsoft’s Nuclear Deal Boosts Uranium Miners
September 23, 2024 03:30 PM AEST| By Team Kalkine MediaUranium miners saw a surge in their stock prices on Monday following a significant deal by Microsoft (NASDAQ: MSFT) to revive the U.S.-based Three Mile Island nuclear plant. Under the terms of the agreement, Microsoft will purchase 100% of the plant'...

Lumos Diagnostics Hits Milestone in Premature Birth Test Development
September 23, 2024 12:41 PM AEST| By Team Kalkine MediaLumos Diagnostics Holdings Limited (ASX:LDX) has achieved a key milestone as part of its development agreement to produce a next-generation foetal fibronectin (fFN) test. This diagnostic tool is designed to predict a pregnant woman's risk of pre-term...

Johns Lyng Group Expands Market Reach with 87.5% Acquisition of Keystone Group
September 23, 2024 12:21 PM AEST| By Team Kalkine MediaJohns Lyng Group (ASX:JLG) has strengthened its market position through the acquisition of a controlling stake in Keystone Group, a Queensland-based insurance repair company. This strategic move involves the acquisition of 87.5% of Keystone, which op...

Legal Action Against Coles (ASX: COL) and Woolworths (ASX: WOW) Over Misleading Pricing Claims
September 23, 2024 12:04 PM AEST| By Team Kalkine MediaColes Group Ltd,(ASX: COL),and Woolworths Group Ltd,(ASX: WOW),are facing significant legal challenges as the Australian Competition & Consumer Commission (ACCC) initiates separate court proceedings against the two major retailers. The ACCC alleges t...

WOOLWORTHS AND COLES FACE SIGNIFICANT STOCK DECLINES AMID ACCC LAWSUIT
September 23, 2024 11:35 AM AEST| By Team Kalkine MediaShares in Australian supermarket giants Woolworths Group Ltd (ASX: WOW) and Coles Group Ltd (ASX: COL) are experiencing one of their most challenging trading days of 2024 following the announcement that the Australian Competition and Consumer Commiss...

Traders Reduce Expectations for Reserve Bank of Australia (RBA) Rate Cut This Year
September 23, 2024 11:27 AM AEST| By Team Kalkine MediaTraders have adjusted their expectations regarding potential interest rate cuts by the,Reserve Bank of Australia (RBA),, significantly lowering the likelihood of rate relief before the year's end. Current money market indicators suggest a,63%,chance...

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