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ASX to Open Lower as Wall Street Sell-Off Deepens Amid US Inflation Concerns
January 13, 2025 11:21 AM AEDT| By Team Kalkine MediaHighlights:,ASX 200 futures point to a 0.9% decline, reflecting Wall Street's sharp sell-off driven by unexpectedly strong US jobs data.,Rising US bond yields and a stronger US dollar exert downward pressure on the Australian dollar, which closed at...
Accent Group Limited (ASX:AX1) Attracts Fewer Investors Than Anticipated
January 13, 2025 11:00 AM AEDT| By Team Kalkine MediaAccent Group Limited (ASX:AX1) Attracts Fewer Investors Than Anticipated
What’s Driving AuMake's Recent Performance Amid Market Volatility?
January 13, 2025 11:00 AM AEDT| By Team Kalkine MediaHighlights:,AuMake (ASX:AUK) has faced significant share price decline recently.,Revenue growth remains strong, with substantial increases over the past three years.,The P/S ratio reflects market skepticism about future growth despite strong past per...
Unibail-Rodamco-Westfield Sells 25% Stake in Prague's Centrum Černý Most for €553M
January 10, 2025 04:09 PM AEDT| By Team Kalkine MediaHighlights,Unibail-Rodamco-Westfield (URW) sold a,25% stake,in Centrum Černý Most, Prague, for,€553 million,, initiating a long-term joint venture.,A,green mortgage loan of €268 million,, the largest in the Czech market since 2023, will help finance...
Victorian Gas Exploration Fee Hike Sparks Debate Amid Looming Gas Shortage
January 10, 2025 12:54 PM AEDT| By Team Kalkine MediaHighlight:,The Victorian government has implemented a 300% increase in gas exploration permit fees, which is seen as a significant burden on the sector and a potential deterrent for future investment.,Critics argue that this move sends conflicting si...
Lovisa Shares Plunge 7% Amid Broker Downgrades and Competitor Lawsuit
January 09, 2025 12:12 PM AEDT| By Team Kalkine MediaHighlights:,Stock Performance,: Lovisa shares dropped 7% in early trade, compounding a 9% decline over the past month.,Broker Downgrades,: UBS and Jefferies downgraded Lovisa this week, lowering the stock’s consensus rating from "buy" to "hold.",Comp...
ASX Poised for Lower Open Amid Retail Sales Anticipation
January 09, 2025 11:52 AM AEDT| By Team Kalkine MediaHighlights,ASX 200 futures,indicate,a 0.4% dip as retail sales figures draw market focus.,Mixed global market performance driven by US jobs data, Fed minutes, and geopolitical developments.,Commodity prices fluctuate as currency weakness and US fuel...
Star Entertainment Group Faces Mounting Financial Pressure as Cash Reserves Decline
January 09, 2025 11:50 AM AEDT| By Team Kalkine MediaHighlights,Star Entertainment Group Ltd (,ASX:SGR,) reported a 46% decline in cash reserves during Q4 2024, leaving $79 million as of December 31.,Shares fell 26% to a record low of A$0.145 amid ongoing regulatory fines, legal fees, and operational s...
Wall Street’s Tech Surge Fuels Optimism for ASX Performance
January 07, 2025 11:24 AM AEDT| By Team Kalkine MediaHighlight:,Strong gains in US technology and semiconductor stocks have positively influenced Australian markets, with ASX futures rising slightly by 0.1%.,Global commodity prices experienced mixed trends, with gains in base metals offset by declines...
Wall Street's Volatile Start to 2025 and the Australian Dollar's Struggles
January 03, 2025 12:00 AM AEDT| By Team Kalkine MediaHighlights:,Wall Street's Rocky Start:,US equity markets faced a volatile first trading day of 2025, with significant losses after an initial rally. Major indices like the Dow, S&P 500, and Nasdaq ended the day in the red, reflecting a retreat from e...
Woolworths Group Limited (ASX:WOW) Reverses Australia Day Merchandise Decision
January 02, 2025 12:00 AM AEDT| By Team Kalkine MediaHighlights:,Strategic Shift,: Woolworths Group Limited (ASX:WOW) has reversed its 2023 decision to scale back Australia Day merchandise, now focusing on promoting Australian-made products for the holiday.,Community-Centric Approach,: The retailer cit...
Aussie Dollar Dips to Two-Year Low Amid Market Volatility
January 02, 2025 12:00 AM AEDT| By Team Kalkine MediaHighlights:,ASX Futures Signal Lower Opening:,A 0.75% decline anticipated as global economic uncertainties persist.,Weak Chinese Economy Weighs on Aussie Dollar:,Australian dollar drops to a two-year low at 62 US cents.,Mixed Market Movements:,US equ...
Australian Dollar Hits Multi-Year Low Amid Yuan Weakness and US Dollar Strength
January 02, 2025 12:00 AM AEDT| By Team Kalkine MediaHighlights:,The Australian dollar has dropped to its lowest level since October 2022, trading at 61.88 US cents, due to a sharp decline in the Chinese yuan and the continued strength of the US dollar.,Analysts link the weakening of the Australian dol...
Market Turbulence Marks End of 2024
December 31, 2024 12:00 AM AEDT| By Team Kalkine MediaHighlights,Wall Street Weakness,: Major US indices, including the Dow, S&P 500, and Nasdaq, recorded declines, led by Big Tech sell-offs. The Dow fell 418 points, while the Nasdaq slid 1.2%. Boeing shares also dropped following a safety probe linked...
High Fuel Price Cycles Prolonged, NRMA Survey Reveals Discrepancies Across Australian Cities
December 31, 2024 12:00 AM AEDT| By Team Kalkine MediaHighlights:,Significant Price Differences,: Perth emerges as the cheapest city for fuel at 181.4 cents per litre, while Canberra and Brisbane face the highest fuel prices, with averages of 196.3 and 195 cents per litre, respectively.,Extended Petrol...
Liquor Industry Struggles as Changing Consumer Habits and Economic Pressures Weigh on Sales
December 31, 2024 12:00 AM AEDT| By Team Kalkine MediaHighlight Summary:,Changing Consumer Preferences,: Younger generations are shifting away from alcohol, prioritizing health-conscious, low-alcohol options, and non-alcoholic experiences. The proportion of 18-24-year-olds abstaining from alcohol has ri...
ASX Set for a Higher Open After Quiet Wall Street Session
December 27, 2024 12:00 AM AEDT| By Team Kalkine MediaHighlights:,ASX Futures Up 0.2%,The Australian market is poised for a positive start, with ASX futures rising by 19 points (0.2%) to 8,217 following a quiet US trading session. Wall Street saw minimal movement, with the Dow Jones up slightly, while t...
Australian Retail Stocks See Gains Despite Mixed Sentiment
December 16, 2024 01:01 PM AEDT| By Team Kalkine MediaHighlights,JB Hi-Fi and Wesfarmers Lead Gains,: Retailing heavyweights continue to perform well, despite Morningstar labeling them as overvalued.,Liquor Market Worries,: Concerns over softer liquor sales suggest potential structural shifts in consume...
Jefferies Recommends "Hold" on Metcash Amid Challenges in Margins and Market Conditions
December 11, 2024 12:53 PM AEDT| By Team Kalkine MediaHighlights,Jefferies Retains "Hold" Rating:,Despite healthy margins, moderating food inflation and cost pressures pose challenges for Metcash.,Hardware Weakness Observed:,Lower building activity impacts the hardware division due to operating delevera...
JB Hi-Fi Shares Surge 90% in 12 Months, But CEO Sells $500K in Stock: What Does It Mean?
November 13, 2024 01:12 PM AEDT| By Team Kalkine MediaHighlights,Impressive Performance,: JB Hi-Fi has outperformed the ASX 200 index by 72% in the past year, with shares up 90%.,CEO Sells Shares,: CEO Terry Smart sold 6,500 shares for over AU$500,000 on November 11, reducing his indirect holdings.,Stro...
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