Australian shares are down 0.55 per cent by mid afternoon following a weak Wall Street performance and lower-than-expected November inflation. Mining stocks, especially iron ore giants, dropped 1.4 per cent, while uranium stocks rose due to US interest in domestic supply. Bitcoin also fell by 3.5 per cent following a false SEC tweet.
The November consumer price indicator eased to 4.3 per cent, which may impact the Reserve Bank of Australia's February decision.
Notable stock movements include Alumina surging by 13.5 per cent, Mineral Resources acquiring a 9.97 per cent stake in Kali Metals, and Neometals gaining 14.3 per cent with a $30 million order from Mercedes-Benz. Meanwhile, Worley remains halted amid allegations of illegality and bad faith by an Ecuadorian tribunal.
Copyright 2024 – Finance News Network
21 Oct 2022 - Stocks fell in choppy trading on Thursday as investors weighed several key earnings reports and kept an eye on the bond market, where Treasury yields continue to climb.The selling pressure across the market appears to be coming from retail investors who are piling into cash, with nearly $140bn switched into retail money market funds so far in 2022.
19 Feb 2020 - After a flat start the ASX rose after lunchtime trading and managed to close 0.4% higher. Hearing device manufacturer Cochlear’s (ASX:COH) shares jumped over $250. Wisetech Global (ASX:WTC) shares are down over 27 per cent after downgrading its guidance - they blame coronavirus. Caltex Australia (ASX:CTX) confirms that it has received a takeover offer from EG Group to acquire the company's retail business for $3.9 billion.
07 Oct 2019 - Aussie investors are collectively breathing a sigh of relief today as the S&P/ASX200 closes 0.7% higher, every sector managing to snap some gains. Exploration and mining company, Mineral Commodities (ASX:MRC) has announced the successful completion of the acquisition of Skaland Graphite.
17 Feb 2021 - At the closing bell the S&P/ASX 200 index closed 32 points down, or 0.5% lower to finish at 6,885. Shares in Evolution Mining (ASX:EVN) are down today despite their Board approval to progress the development of a surface decline at the Red Lake gold mine in Ontario, Canada lifting annual production rates there to over a million tonnes. EML Payments did well today after they announced record revenues of $95.3 million and EBITDA OF $28.1...
05 Dec 2021 - The ASX closed almost flat today, 2 points down or 0.03 per cent lower at 6,682. Shares in Silver Lake Resources (ASX:SLR) rose today. Zip Co (ASX:Z1P) shares are down today. Yesterday they opened their Share Purchase Plan. The Cardinal Resources (ASX:CDV) board recommends shareholders accept the Shandong Gold offer without delay.
15 Nov 2019 - Aus shares close 0.9% higher. All sectors in the green. GrainCorp Limited (ASX:GNC) shares surged 11.5 per cent after the ACCC said it would not intervene in the sale of the company's port facilities to ANZ Terminals.
30 Nov 2023 - The S&P 500 and the Dow Jones Industrial Average ended Wednesday near the flat line, but the major averages remain on track for their biggest monthly gain in 2023.
19 Nov 2019 - The local sharemarket is poised to open flat following a quiet session on Wall Street on Monday. In the US stocks reached fresh records but pared back to close the session little changed. The technology sector posted some of the bigger gains while energy stocks pulled back as crude oil fell. Synlait (ASX:SM1) and The a2 Milk Company have extended their supply agreement to 2025.
16 Aug 2021 - A mixed close across the major markets around the globe after an earnings showcase mixed with economic news kept investors cautious. The highly infectious delta variant of Covid-19 remains a concern. Coverage on the bipartisan infrastructure deal versus the US$3.5 trillion reconciliation bill. Why Credit Suisse rates National Australia Bank (ASX:NAB) as outperform. Economic outlook review both locally and globally for the week ahead.
02 Jan 2020 - The ASX 200 opened lower, had a tumultuous start to the day but managed to stabilise over the afternoon after housing market data indicated a faster recovery than expected. Diversified mining explorer and producer, Independence Group (ASX:IGO) is granting all Panoramic (ASX:PAN) shareholders who accepted their hostile takeover offer the right to withdraw their acceptance.