Market updates

Australian Shares Rise as Banks and Utilities Gain Momentum
November 15, 2024 03:02 PM AEDT| By Team Kalkine MediaHighlights,Utilities and major banks fueled the S&P/ASX 200 Index rise at midday,.,APA Group led the utilities sector with a 2.9% gain, maintaining FY25 guidance,.,Lendlease surged in the property sector following a planned $500 million share buyback...

Tesla and Rivals Brace for Tax Credit Repeal Under New US Tax Reforms
November 15, 2024 01:50 PM AEDT| By Team Kalkine MediaHighlights,Federal tax credit for EVs faces repeal under new US tax reforms,.,Tesla's stance supports the subsidy removal, despite sector-wide concerns,.,EV makers like Rivian and Lucid,anticipate,challenges as policy shifts.,The electric vehicle (EV...

Airbus- A Leader in Aviation Facing Market Challenges
November 15, 2024 01:48 PM AEDT| By Team Kalkine MediaHighlights,Airbus is recognized for its leadership in short-haul travel within a duopoly market.,Antipodes Partners’ Vihari Ross shared insights on Airbus at an Adelaide conference.,Airbus shares have experienced slight declines this year.,The aviati...

Terra Capital Highlights Coeur Mining’s Potential in Silver Sector at Sohn Conference
November 15, 2024 01:39 PM AEDT| By Team Kalkine MediaHighlights,Terra Capital’s Jeremy Bond highlights Coeur Mining at Sohn Conference.,Emphasis placed on silver's performance in current market conditions.,Strategic insight into the silver sector provided to delegates.,The Sohn Hearts & Minds conferenc...

Northcape Capital Showcases Estee Lauder’s Resilience at Sohn Conference
November 15, 2024 12:50 PM AEDT| By Team Kalkine MediaHighlights,Northcape,Capital’s Fleur Wright spotlights Estee Lauder’s strengths.,Discussion centers on Estee Lauder’s potential in the beauty sector.,Estee Lauder’s evolving strategy aligns with current market demands.,At the recent Sohn Hearts & Min...

Block Inc. Positioned for Growth in Digital Payment Market
November 15, 2024 12:43 PM AEDT| By Team Kalkine MediaHighlights,Block Inc. seen as competitively valued in the digital payments sector.,Significant gross profit growth reported alongside optimistic projections.,PayPal and Australian banks offer contrasting growth and valuation metrics.,At the Sohn Hear...

Australia’s Geopolitical Crossroads: US or China? Howard Marks Weighs In
November 15, 2024 12:40 PM AEDT| By Team Kalkine MediaHighlights,Howard Marks discusses Australia’s potential geopolitical choices between the US and China.,Oaktree’s Marks notes Chinese economic challenges amid concerns about investment conditions.,Marks shares views on the potential impact of China-Ta...

ASX Gains as Utilities and Real Estate Stocks Surge: APA Group, Lendlease Lead the Way
November 15, 2024 12:36 PM AEDT| By Team Kalkine MediaHighlights,ASX 200 rises with utilities and real estate sectors showing,strong performance,.,APA Group and Lendlease drive sector gains.,Perpetual and Corporate Travel also see notable increases.,The Australian stock market made notable gains at midd...

OakTree Capital’s Perspective on U.S. Sharemarket Stability
November 15, 2024 12:04 PM AEDT| By Team Kalkine MediaHighlights,OakTree's Howard Marks discusses ongoing rally in the U.S.,sharemarket,.,Marks,links,stock performance to economic health, not just presidencies.,Insight shared at Sohn Hearts & Minds conference.,OakTree Capital Management, led by Howard M...

Tencent Music Shows Robust Growth as China’s Streaming Sector Expands
November 15, 2024 11:38 AM AEDT| By Team Kalkine MediaHighlights,Tencent Music gains traction as China's streaming industry evolves.,Unique position due to significant ownership and strategic buybacks.,Comparison to global music streaming growth highlights expansive opportunities.,Tencent Music (NYSE:TM...

Wellcome Trust Chief Projects Low Interest Rates Won't Return Soon
November 15, 2024 11:33 AM AEDT| By Team Kalkine MediaHighlights,Wellcome,Trust’s chief predicts no return to low interest rates seen pre-2022.,Higher rates expected to,impact,asset valuations and private equity.,Wellcome’s,strategic bond issuance highlights foresight in long-term funding.,The chief inv...

ASX Set for a Positive Open Following Stable US Inflation Data and Mining Sector Updates
November 14, 2024 05:19 PM AEDT| By Team Kalkine MediaHighlights,ASX poised for a higher open following steady inflation news from the US.,Orica Ltd reports robust financials with significant earnings growth.,De Grey Mining Ltd sees increase in Hemi Gold Project resource estimate.,The Australian stock m...

Australian Market Rises as Tech and Banking Rally, Mining Mixed
November 14, 2024 04:31 PM AEDT| By Team Kalkine MediaHighlights,ASX closes higher as technology and banking sectors gain momentum.,Xero shines with impressive earnings growth, boosting tech sector.,Mining giants BHP and Fortescue Metals see declines amid lower iron ore prices.,The Australian stock mark...

Seek Ltd Offers to Acquire Xref for A$41M, Board Backs the Deal
November 14, 2024 03:30 PM AEDT| By Team Kalkine MediaHighlights,Xref Board endorses Seek’s acquisition proposal.,Offer price of 21.8 cents per share values Xref at A$41 million.,Xref directors unanimously recommend shareholders approve the deal.,Australia’s leading job advertisement platform, Seek Ltd...

NSW Approves HumeLink Project to Strengthen Regional Power Network
November 14, 2024 02:58 PM AEDT| By Team Kalkine MediaHighlights,NSW approves the HumeLink project to support Snowy 2.0 power transmission.,Project brings 1,600 construction jobs and $6.3 billion in regional investment.,Transgrid will lead the project, addressing community and environmental concerns.,Th...

Tech Surge and Banking Gains Propel ASX Higher Amid Market Adjustments
November 14, 2024 02:18 PM AEDT| By Team Kalkine MediaHighlights,Technology and banking sector gains lifted the ASX.,Major iron ore drop impacts mining stocks.,Mixed performance across companies in spotlight.,The Australian stock market experienced a lift on Thursday, driven by technology and banking se...

Copper Market Uncertain Amid Trade Policies and Global Manufacturing Struggles
November 14, 2024 02:12 PM AEDT| By Team Kalkine MediaHighlights,Copper price forecast lowered amid trade policy uncertainty and China stimulus concerns.,Elevated tariffs and weak global manufacturing sentiment pose risks to copper demand.,China’s stimulus may not suffice to lift copper demand amidst tr...

Shell’s Legal Victory in The Hague Highlights Shifting Climate Policy Landscape
November 14, 2024 01:49 PM AEDT| By Team Kalkine MediaHighlights,Dutch appeals court overturns Shell's carbon reduction mandate, citing government responsibility.,Ruling reflects the complex role of courts in setting climate goals for corporations.,COP29 underscores global dialogue on fossil fuel transi...

Tech and Bank Gains Propel ASX; Nufarm Surges Amidst Mixed Earnings
November 14, 2024 12:30 PM AEDT| By Team Kalkine MediaHighlights,Australian sharemarket rises on gains in tech and banking sectors.,XRO climbs 6.4% on strong earnings, boosting the tech sector.,NUF surges 10% despite a dip in annual earnings.,The Australian sharemarket saw positive momentum as the S&P/A...

Australian Stocks Climb as Tech Sector Shines; Xero Up, Orica Down
November 14, 2024 11:32 AM AEDT| By Team Kalkine MediaHighlights,Australian shares opened with gains, boosted by technology sector performance.,XRO rose 5% following impressive earnings growth.,ORI faced a decline despite reporting solid annual results.,Australian shares experienced a positive opening,...

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