Yearly Archives - 2022

Coal the star performer as energy crisis worsens in Europe

06 Sep 2022 - European equity markets finished lower on Monday, but off to the worst levels. US equity futures higher with US markets closed for the Labour Day holiday today. The price of thermal coal rose to a new high recently with Newcastle futures trading above $US440 ($648) a tonne, more than doubling since the start of 2022.

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Solar stocks shine amidst energy crisis gloom

05 Sep 2022 - US equities fell on Friday to cap their third straight weekly decline, after a solid August jobs report failed to ease fears that the Federal Reserve would keep aggressively hiking interest rates to fight inflation. The only bright sector was Solar Energy, with the sector performing strongly during August.

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Biden Administration moves to ban chip sales into China

02 Sep 2022 - The Dow Jones Industrial Average and the S&P 500 ended the first day of September on a high note as traders looked forward to the jobs report tomorrow. Nvidia shares fell 7.7 per cent after the chipmaker said the US government is restricting some sales in China.

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