Market News

The Dow Jones Industrial Average fell on Tuesday as Wall Street considered the likelihood of Congress passing a tentative deal on raising the US debt ceiling. The 30-stock index lost 50.56 points, or 0.15 per cent, to end at 33,042.78. The S&P 500 was flat to close at 4,205.52, after trading both above and below […]

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses shares, the risk of recession and inflation. Key pointsShares are vulnerable to a pull back in the months ahead reflecting the rising risk of recession on the back of central bank tightening and weak seasonal influences.Falling inflation should enable central banks, including

Global Lithium Resources (ASX:GL1) has completed its first stage of Ore Sorting Trials at its 100 per cent owned Manna Lithium Project in WA. Global Lithium Project Director, Tony Chamberlain commented, “the Manna Lithium Project has the distinct advantage of having great visual control between ore, which is predominantly white in colour, and surrounding waste

Local sharemarket has remained relatively stable as gains in the mining and telecommunications sectors were counterbalanced by declines in the banking and real estate industries. Uranium miner Paladin Energy Limited (ASX: PDN), has tumbled 20 per cent before being placed into a trading halt as traders fretted over rumours Namibia may look to nationalise some

US equity markets and the FTSE 100 were closed overnight. However European stock markets were mixed Monday after US President Joe Biden and House Speaker Kevin McCarthy reached a deal to raise the nation’s debt ceiling. US political leaders must now gather enough bipartisan support to pass the debt ceiling bill in Congress before the

Normally, markets and economists ignore the monthly industrial company profits in China – it’s a third-tier economic data series that is usually overlooked because of its imprecision, but every now then a trend emerges that is worth examining, and so it was at the weekend when the data showed a fourth successive month of falling

Shares in Brisbane-based testing multinational ALS (ASX:ALQ) dropped more than 4% yesterday after the company’s full year results hinted at emerging pressures in global markets for its mining services. ALS reported a 23.4% rise in underlying net after tax profit to $320.6 million, from $260 million in 2021-22. ALS had forecast underlying net profit after

Shares in Australian-based African lithium miner Leo Lithium (ASX:LLL) surged more than 17% on Monday after it revealed a $A106 million investment from Chinese giant Ganfeng. Leo said it had entered into a binding agreement with a unit of China’s Ganfeng Lithium Group Co Ltd to raise A$106.1 million and to cooperate for the ramp-up

At the closing bell, the S&P/ASX 200 was 0.87 per cent or 62.6001 points higher at 7,217.40. This increase was driven by mining and real estate stocks, with investors reacting positively to a potential agreement to raise the US debt ceiling. IDP Education (ASX: IEL) experienced a significant decline of 15.9% to $21.71 following Canada’s