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Business news
Gold prices unlikely to make further gains as risk appetite improves, experts say
June 30, 2025 04:01 PM AEST| By InvezzGold prices rose slightly on Monday, but the precious metal is likely to struggle to make further gains amid improved market sentiment. Expectations of more frequent and sooner-than-anticipated interest rate cuts by the US Federal Reserve (Fed)...
Beyond Europe’s 5% defence spending: the numbers tell a very different story
June 30, 2025 01:16 PM AEST| By InvezzEurope’s NATO allies just made history. At the latest summit in The Hague, all 32 member states endorsed a bold new target: spend 5% of GDP on defence to prepare for a world where Russia is strengthening, while the US threatens to walk away. It was m...
Oil prices face litmus test as US-Iran nuclear talks, OPEC meeting to shape market next week
June 29, 2025 06:24 PM AEST| By InvezzOil prices have stabilised at pre-Middle East conflict levels following the start of the ceasefire. Expanding the oil supply further, however, could prove to be a critical test. “The weekly US inventory report had prevented a further price slide beca...
Brent crude oil price forecast ahead of OPEC+ meeting
June 29, 2025 03:15 PM AEST| By InvezzBrent crude oil price has suffered a harsh reversal in the past few days as the crisis in the Middle East eased. It plunged from a high of $80.13 on Monday to the current $67.9, its lowest level since June 11. Other oil benchmarks have also plu...
Bolivians turn to crypto as inflation woes hit, transactions up 530%
June 28, 2025 06:23 AM AEST| By InvezzBolivians are increasingly embracing cryptocurrencies as they look to shield themselves against soaring inflation and persistent U.S. dollar shortages, Reuters reported. The move, aligning with a broader outlook across the Latin America region, has d...
Citi Wealth CIO says traders ignoring warning signs in S&P 500
June 28, 2025 04:14 AM AEST| By InvezzThe U.S. stock market is presently witnessing an extraordinary period, with the S&P 500 Index trading at all-time highs. This remarkable rally has seen approximately $10 trillion added to the value of U.S. stocks since the index was on the verge...
London braces for scorching heatwave, hottest start to Wimbledon expected
June 28, 2025 01:52 AM AEST| By InvezzLondon is likely to experience scorching heatwaves this weekend, with temperatures climbing and peaking on Monday, according to the Met Office. Rising temperatures coincide with the start of play at the All England Club on Monday, potentially making...
Germany says DeepSeek illegally sends data to China, urges Apple, Google to review app
June 28, 2025 01:19 AM AEST| By InvezzA top German data protection watchdog has called for tech giants Apple and Google to consider removing the Chinese AI app DeepSeek from their platforms, alleging the service unlawfully transfers user data to China without adequate safeguards. Meike K...
Canada’s GDP slips in April as manufacturing falters
June 28, 2025 12:40 AM AEST| By InvezzCanada’s real GDP fell 0.1% in April, reversing a 0.2% increase in March, according to Statistics Canada. The national economy was dragged down by a broad recession in goods-producing industries, which fell by 0.6%, led by a sharp drop in manuf...
China’s smelters process Chilean copper for free amid historic supply crunch
June 27, 2025 11:36 PM AEST| By InvezzChina’s copper smelters have agreed to process copper concentrate from Chilean miner Antofagasta for free, setting a new low for treatment and refining charges (TC/RCs) in the global copper business. Four sources familiar with the situation tol...
Morningstar lifts Netflix target but warns shares remain overvalued
June 27, 2025 11:27 PM AEST| By InvezzNetflix shares have soared more than 47% in 2025, outperforming the broader market and leaving rival entertainment stocks trailing. Yet Morningstar analyst Matthew Dolgin remains one of the few skeptics on Wall Street, warning that the stock is still...
Nike shares jump on improved outlook, shift from China; analysts see recovery
June 27, 2025 08:35 PM AEST| By InvezzShares of Nike surged as much as 10% in premarket trading on Friday after the company offered a more optimistic first-quarter revenue forecast and outlined strategic measures to reduce its dependence on Chinese manufacturing. The moves, aimed at coun...
Crude oil sees steep weekly fall; tight US market limits further declines
June 27, 2025 08:13 PM AEST| By InvezzThe risk premium on crude oil faded considerably this week, with prices set for their steepest weekly fall since March 2023 on Friday. However, further declines in oil prices were arrested due to a tight US market, according to experts. This we...
US-China sign trade deal, 10 more with trading partners ‘imminent’: report
June 27, 2025 06:04 PM AEST| By InvezzThe United States and China have formally finalized a trade understanding first reached last month in Geneva, a move that could ease tensions between the world’s two largest economies. The deal, which includes a Chinese commitment to deliver rare ear...
Gold outlook shaky as markets look for economic direction
June 27, 2025 05:58 PM AEST| By InvezzThe current outlook for gold and silver prices remain uncertain as the daily moving average convergence and divergence continues to fall back to neutral levels, experts said. Gold is set for considerable weekly losses on Friday, with new risks...
Commerzbank sees China economic growth slowing in second half of 2025
June 27, 2025 03:49 PM AEST| By InvezzThe recent rise in retail sales growth in China due to stimulus measures is just temporary, according to Commerzbank AG. The policy impact is unlikely to be long-lasting, the German bank said. A significant increase in loss-making busines...
Copper price forecast as the rally gains steam
June 27, 2025 07:08 AM AEST| By InvezzLike most other assets, copper has had a wild 2025 as it hit a fresh all-time high in late March before plunging by about 25% less than two weeks later. Even so, it is still up 25% year-to-date. On Thursday, copper price extended its previous gains a...
China books first Argentine soymeal cargo since 2019 to diversify supply: report
June 27, 2025 02:18 AM AEST| By InvezzChina’s feed producers have sealed their first soymeal bulk cargo booking from Argentina since imports were approved by Beijing in 2019, as per a Reuters report. This could mean the start of a new direction in the country’s soymeal sourci...
Shell prioritises share repurchases over BP takeover rumours
June 27, 2025 02:13 AM AEST| By InvezzShell issued a definitive denial on Thursday, stating it has not, and is not actively considering, a bid for BP. The company further noted it is now subject to UK regulations that prohibit it from bidding for BP for the next six months. Repurch...
Donald Trump’s tariff deadline looms as India-US trade deal faces hurdles
June 27, 2025 01:47 AM AEST| By InvezzDisagreements on import duties for auto components, steel, and farm goods have stalled trade talks between India and the US. The disagreements jeopardise hopes for a deal before US President Donald Trump’s July 9 deadline for reciprocal tariffs...
