Bad news drags Australian market lower as oil cracks US$100 againBad news dominated the Australian share market as Middle East tensions pushed oil prices back above the key US$100 a barrel level and worries about the cost of AI also whacked local technology stocks.By the Friday close the ASX 200 ha…
Australian shares were little changed on Tuesday as losses in gold, mining and consumer stocks countered gains in banks and tech stocks, while software heavyweight WiseTech Global jumped to its highest in near three weeks after naming a new chair.The S&P/ASX 200 index ASX:XJO fell 0.1% to 8,824.70…
Australian shares edged lower on Monday as losses in financials and consumer stocks offset gains in commodities stocks, while Vault Minerals surged to a near four-month peak after a $5.6 billion takeover approach from Genesis Minerals.The S&P/ASX 200 index ASX:XJO fell 0.2% to 8,826, as of 0008 GMT…
By Antony CurrieMisery loves company. So BHP's ASX:BHP new CEO, Brandon Craig, and his team will feel less isolated now that China has taken to also pausing purchases of some of Fortescue's ASX:FMG iron ore shipments as a bargaining chip during contract talks. The development, reported by Reuters c…
Gold surge helps ASX to a weekly riseSurging prices for Australian gold miners helped the overall share market rally on Friday, up an impressive 1.4%, achieving a 0.9% rise for the week.Investors were more positive about the chances of fewer interest rate rises in the US this year after weaker June…
By Antony CurrieMisery loves company. So BHP's ASX:BHP new CEO, Brandon Craig, and his team will feel less isolated now that China has taken to also pausing purchases of some of Fortescue's ASX:FMG iron ore shipments as a bargaining chip during contract talks. The development, reported by Reuters c…
Australian shares rose on Friday, driven by sharp gains in gold miners after bullion prices jumped on weaker-than-expected U.S. non-farm payrolls data, while general insurer Suncorp slid after lowering its annual premium growth forecast.The S&P/ASX 200 index ASX:XJO gained 0.4% to 8,756.80 by 0010…
An Australian government report on Friday said efforts by China's state-backed iron ore buyer to cut costs for Chinese steel mills may push down prices in the medium term, in a rare acknowledgment that such activity could affect earnings.Australia is the largest exporter of iron ore, which it count…
By Aamir KhalidAustralian shares ended broadly flat on Thursday, with strength in gold and bank stocks countering investor caution ahead of the crucial U.S. payrolls report, while Northern Star jumped after naming a new CEO.The S&P/ASX 200 index ASX:XJO closed 1.6 points higher at 8,724.50 points…
Australian shares extended declines on Thursday, following weak domestic housing data released in the previous session, while Northern Star Resources jumped on appointing a new CEO a month after activist investor Elliott built a stake in the gold miner.The S&P/ASX 200 index ASX:XJO fell 0.5% to 8,6…
By Antony CurrieThere's nothing like proving the doubters wrong. Graham Kerr must be feeling that as he steps down after 11 years running South32 ASX:S32. The $13 billion Sydney-listed mining company was laughed off and dubbed a "CrapCo" by analysts, investors and journalists alike when it was spun…
By Antony CurrieThere's nothing like proving the doubters wrong. Graham Kerr must be feeling that as he steps down after 11 years running South32 ASX:S32. The $13 billion Sydney-listed mining company was laughed off and dubbed a "CrapCo" by analysts, investors and journalists alike when it was spun…
Rio Tinto Ltd ASX:RIO:
Australian shares traded flat on the last day of the financial year on Tuesday, with banks offsetting losses in mining stocks hurt by weaker gold and copper prices, while investors kept an eye out for minutes from the central bank's June policy meeting.The S&P/ASX 200 index ASX:XJO was flat at 8,82…
By Ernest ScheyderThe lithium industry is growing more optimistic about a market recovery as booming demand for battery storage systems helps offset a slowdown in some electric vehicle markets, leading producers told an industry conference this week.While electric vehicles have been the main driver…
