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Market updates
Vast Renewables Progresses Green Methanol Project in South Australia
October 08, 2024 12:46 PM AEDT| By Team Kalkine MediaHighlights,Vast Renewables advances green methanol project with new contracts.,Engineering firms Fichtner and BSE Methanol to begin design work.,Project to produce 7,500,tonnes,of green methanol annually in Port Augusta.,Vast Renewables (NASDAQ:VSTE)...
Iron Ore Prices Surge as China Ramps Up Stimulus Efforts
October 08, 2024 12:43 PM AEDT| By Team Kalkine MediaHighlights,Iron ore prices expected to hit $US120 as China boosts stimulus measures.,China's stimulus package could drive further gains in base metals.,Economic policy announcements are set to impact commodity markets.,Iron ore prices are expected to...
Patronus Resources Prepares for Gold Resource Upgrade at Mertondale
October 08, 2024 12:25 PM AEDT| By Team Kalkine MediaHighlights,Patronus Resources advances towards a resource upgrade at,Mertondale,Gold Project.,Recent drilling reveals high-grade gold intersections and broad mineralized zones.,Mineral Resource Estimate (MRE) update expected by late Q4.,Patronus Reso...
Sun Silver Reports High-Grade Silver Discovery at Maverick Springs
October 08, 2024 11:23 AM AEDT| By Team Kalkine MediaHighlights,Sun Silver finds high-grade silver at Maverick Springs in Nevada.,Drilling shows up to 524 grams per,tonne,of silver over a 1.52m section.,New zones discovered outside the current mineral resource estimate.,Sun Silver Ltd (ASX:SS1) has unc...
ASX200 Nears Record as Big Four Banks Lead Gains
October 07, 2024 06:35 PM AEDT| By Team Kalkine MediaHighlights,ASX200 ended the day up 0.68%, nearing record levels.,Big four banks and IT sector led market gains.,Arcadium Lithium surged 45% after takeover news.,The ASX200 index closed up 0.68% at 8,205 points, inching closer to a new all-time high....
ASX Inches Closer to Record High as Arcadium and Westpac Lead Gains
October 07, 2024 04:55 PM AEDT| By Team Kalkine MediaHighlights,ASX nears record highs, fueled by gains in tech and financial stocks.,Arcadium Lithium surges 46% following takeover talks with Rio Tinto.,Mining and energy sectors see mixed performance as global commodity prices shift.,Australian shares...
ASX 200 Nears Record High as Banks Rally
October 07, 2024 04:35 PM AEDT| By Team Kalkine MediaHighlights,ASX 200 is just 5 points shy of its record high.,Banking stocks lead the market's gains.,Positive US economic data boosts global market sentiment.,The Australian share market is on the verge of setting a new record, with the S&P/ASX 200 in...
Nintendo Shares Rise as Saudi Arabia Considers Increasing Stake
October 07, 2024 03:16 PM AEDT| By Team Kalkine MediaHighlights,Nintendo shares surged 3.9% after Saudi Arabia expressed interest in increasing its stake.,Saudi Arabia’s Public Investment Fund (PIF) aims to expand its gaming industry investments.,PIF currently holds an 8.6% stake in Nintendo.,Nintendo...
Goldman Sachs Optimistic on China Stocks Amid Stimulus Rally
October 07, 2024 02:40 PM AEDT| By Team Kalkine MediaHighlights,Goldman Sachs upgraded its outlook on Chinese stocks due to recent stimulus efforts.,Chinese stock indices may see an,additional,15%-20% rise if policy measures are successful.,Risks,remain,, including weaker stimulus and global political...
ASX Gains, Led by Banks and Technology, Amid Global Tensions
October 07, 2024 01:52 PM AEDT| By Team Kalkine MediaHighlights,ASX edged up 0.5% with banks and technology leading gains.,Arcadium,Lithium surged 44% after Rio Tinto takeover talks.,Pro Medicus secured a significant contract renewal.,The ASX rose by more than 0.5% by midday on Monday, driven by strong...
Oil Prices Retreat After Strongest Weekly Surge in Over a Year Amid Middle East Tensions
October 07, 2024 01:44 PM AEDT| By Team Kalkine MediaHighlights:,Oil prices retraced some gains after posting their strongest weekly rise in over a year, driven by escalating tensions in the Middle East.,Brent crude and US West Texas Intermediate (WTI) saw significant weekly surges, with Brent climbing...
Iron Ore Prices Surge Amid Optimism on China’s Economic Stimulus
October 07, 2024 01:29 PM AEDT| By Team Kalkine MediaHighlights:,Iron ore prices rose 1.2% in early trade, supported by optimism over China’s economic stimulus measures, reaching $US110 in November futures contracts.,On the ASX, BHP Group Ltd (,ASX:BHP,) and Fortescue Metals Group Ltd (,ASX:FMG,) advan...
ASX Gains Amid Global Uncertainty as Banks Lead, Energy Stocks Slip
October 07, 2024 01:20 PM AEDT| By Team Kalkine MediaHighlights:,Australian Shares Gain Amidst Global Uncertainty,:,The S&P/ASX 200 rose 0.3% as banks and tech stocks led the gains despite ongoing concerns over the Middle East conflict and oil supply disruptions.,Energy Stocks Slip Alongside Oil Prices...
ASX 200 Futures and Lithium Stocks in Focus Amid Global Shifts
October 07, 2024 11:35 AM AEDT| By Team Kalkine MediaHighlights,ASX 200 futures,rise,0.31% ahead of,market,open,.,Lithium stocks soar following Rio Tinto’s bid for,Arcadium,Lithium.,US,nonfarm,payrolls far exceed expectations, boosting markets.,ASX 200 futures are up by 26 points or 0.31%, setting the...
X (formerly Twitter) Faces Fines for Breaching Australia's Online Safety Act
October 07, 2024 11:20 AM AEDT| By Team Kalkine MediaHighlights,X (formerly Twitter) was fined $610,500 under Australia's Online Safety Act.,The fine relates to inadequate responses,on,child abuse material inquiries.,The court upheld the fine, rejecting X Corp's appeal.,Elon Musk’s social media platfor...
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Oil Surge Lifts Energy Stocks, ASX200 Slips on Mining Weakness
October 04, 2024 05:52 PM AEST| By Team Kalkine MediaHighlights,ASX200 falls 0.67%, led by declines in mining and IT sectors.,Energy sector rises, driven by oil price surge amid Middle East tensions.,Notable movements include gains in Strike Energy and declines in Neurotech International.,The ASX200 cl...
ASX Loses Ground as Middle East Tensions Snap Three-Week Winning Streak
October 04, 2024 05:06 PM AEST| By Team Kalkine MediaHighlights,ASX ends a three-week winning streak due to Middle East tensions.,Energy stocks gain as oil prices surge; mining and banks decline.,Small-cap tech and gaming stocks see notable gains.,The Australian share market ended its three-week winnin...
Chinese Tech Stocks Surge as Fresh Buying Leads the Rally
October 04, 2024 05:01 PM AEST| By Team Kalkine MediaHighlights,Chinese tech stocks surge after stimulus measures.,Fresh buying drives the rally, not short covering.,Hang Seng Tech Index jumps over 45% in under four weeks.,Chinese tech stocks have seen a remarkable surge following the country's announc...
Middle East Tensions Set to End ASX’s Three-Week Rally
October 04, 2024 03:29 PM AEST| By Team Kalkine MediaHighlights,ASX set to break its three-week winning streak amid Middle East tensions.,Oil prices rise, boosting energy stocks like Woodside and Santos.,Mining sector drops as Chinese stimulus effects wane.,The Australian share market is on course to s...
Petrol Prices at Risk as Middle East Tensions Shake Oil Markets
October 04, 2024 01:23 PM AEST| By Team Kalkine MediaHighlights,Middle East tensions stir oil markets and fuel price concerns.,Israeli strike on Iranian oil facilities being discussed.,Petrol prices in Sydney at a two-year low, but could rise.,The potential for escalating conflict in the Middle East ha...
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