Market updates

Murdoch-backed REA sweetens offer for UK's Rightmove to nearly $7.9 billion, FT reports
September 21, 2024 03:33 AM AEST| By EODHD(Reuters) - Australia's REA Group has made a second takeover proposal for Britain's largest real estate portal, Rightmove, valuing the business at close to 5.9 billion pounds ($7.86 billion), the Fina...

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...

U.S. Reports Bullish Crude Oil Market Statistics Despite Gulf of Mexico Storm Impacts, Macquarie Says
September 20, 2024 07:13 PM AEST| By EODHDU.S. Reports Bullish Crude Oil Market Statistics Despite Gulf of Mexico Storm Impacts, Macquarie Says

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...

ISG Names Women in Digital Award Winners for Asia Pacific and India
September 20, 2024 01:00 PM AEST| By Business WireLeaders with L&T Technology Services, Quinnox, Brillio, Tata Consultancy Services and Birlasoft named gold winners in five award categories SYDNEY--(BUSINESS WIRE)--#ISGEvents--Information Servic...

Woodside Contributes $50,000 to Hurricane Francine Relief Efforts
September 20, 2024 09:00 AM AEST| By EODHDHOUSTON--(BUSINESS WIRE)--Woodside Energy will contribute $50,000 to the Bayou Community Foundation in support of relief efforts following Hurricane Francine. The Category 2 hurricane impacted the Lou...

August Rents Decline, But Remain Near Peak Levels, Realtor.com Says
September 20, 2024 05:59 AM AEST| By EODHDAugust Rents Decline, But Remain Near Peak Levels, Realtor.com Says

Australia Glue Laminated Timber Market 2024-2030, with Profiles of Megabeam, The Tilling Group, Parkside Timber, Australian Sustainable Hardwoods, Hyne & Son, Vicbeam, Xlam and Timberlink Australia - ResearchAndMarkets.com
September 20, 2024 05:51 AM AEST| By Business WireDUBLIN--(BUSINESS WIRE)--The "Australia Glue Laminated Timber Market (2024-2030): Outlook, Industry, Analysis, Forecast, Trends, Value, Growth, Size, Revenue, Share & Companies: Market Forecast, B...

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