Market News

Oil prices in Asia remained stable following a significant increase on Thursday, despite concerns over higher interest rates in the US and Europe. The jump in prices was driven by a weaker dollar and expectations of more stimulus measures in China. West Texas Intermediate maintained a level above $70 per barrel after a 3.4 per […]

Iceni Gold (ASX:ICL) announced that assays and fieldwork have confirmed high-grade vein at Everleigh in WA. Technical Director David Nixon commented: “Fieldwork continues to focus along the length of the soil anomaly in the search for further outcropping veining along strike.” Shares are trading 11.11 per cent higher at 11 cents. Austco (ASX:AHC) has been

The Technology sector recorded robust gains, rallying over 2 per cent after Apple and Microsoft each reset their record highs overnight on Wall Street. Accounting software Xero (ASX:XRO) rose 3.2 per cent and was among the best performing stocks. WiseTech (ASX:WTC) shares jumped 2.5 per cent. TechnologyOne (ASX:TNE) shares rose 1.2 per cent. NextDC (ASX:NXT)

Twelve times the Reserve Bank has lifted its cash rate to try cap and then push inflation lower by slowing demand, and yet the jobs market has refused to buckle. May was no different as seasonally adjusted, more than 75,000 new jobs were created last month and the jobless rate dipped to 3.6% from 3.7%

The Dow Jones Industrial Average on Thursday rallied more than 400 points and the S&P 500 touched a fresh 13-month high, as investors bet the Federal Reserve was close to done raising rates after the central bank this week skipped a hike. Fed Chair Powell’s post-meeting press conference revealed that the Federal Open Market Committee

Chinese crude steel production dipped again in May to a three month low, defying optimism from a solid rise in iron ore imports in the month. Data from China’s National Bureau of Statistics showed 90.62 million tonnes of crude steel was turned out last month, down from 92.64 million tonnes in April and more than

The US Federal Reserve now thinks it has managed to guide the US economy onto the firm bit of the runway, instead of an overshoot into a recession, as it seemed to suggest in its March forecasts. The central bank has lifted its GDP forecast for this year from anaemic and near recessionary 0.4% in

News snippets during Thursday’s ASX trading session from three companies at the smaller end of the local industrials sector. ………… Small listed wine group Australian Vintage (ASX:AVG), has joined its much larger rival Treasury Wine Estates in reporting difficult trading conditions and the need for intense cost-cutting. TWE revealed its problems in Australia and the

The Australian sharemarket experienced its longest winning streak in over two months as a result of interest rate cuts by China to revive its struggling economy. These rate cuts helped offset the impact of a stronger-than-expected jobs report in Australia. At the closing bell, the S&P/ASX 200 was 0.19 per cent higher at 7,175.30. The

Magnis Energy Technologies (ASX:MNS; OTCQX: MNSEF; FSE: U1P) announced that the lithium-ion batteries produced at the iM3NY Battery Plant have received UN38.3 certification. MD Hoshi Daruwalla commented: “Our batteries have met the strict safety requirements developed by the UN for transportation.” Shares are trading 2.86 per cent lower at 17 cents. GreenTech Metals (ASX:GRE) has