Pilbara Minerals Shares Hit New 52 Week-Year Lows
Pilbara Minerals share price (ASX: PLS) hit a new 52 low today at $2.13, as the firm tries to reverse the bearish sentiment that has seen the stock drop 45.48% on a year-to-date basis. Lithium prices are largely responsible for the decline along with increasing production costs, as highlighted in Pilbara’s recent earnings report. Zooming…
ASX 200 Regains 8,300 as XAO Moves Above 8,500
The leading Aussie indexes saw an upward trend at the close of trading on Tuesday, as indicated by the S&P/ASX 200 stepping up by 0.78%, and retaking the 8,300 level, and the All Ords ending comfortably above 8,500 after a previous close just below at 8,494. This increase was largely driven by strong performances in…
Commodity Price Forecast into 2025
This year has proved challenging for commodities and commodity stocks, excluding the relatively stable performances of gold and silver. Factors such as a global economic slowdown and trade uncertainties contributed to a reduced demand. As the industry looks forward to 2025, several dynamics are expected to shape the commodity market. The resolution of COVID-19 pandemic-induced…
APAC Premier by ATFX Connect: A Premium Service for Professional Traders
ATFX Connect introduces APAC Premier, an exclusive service tailored for professional traders in the Asia-Pacific region. This premium offering is designed to provide traders with expert market insights, strategic updates, and ensuring they stay ahead in the dynamic financial landscape of the APAC markets. Expert Analysis and Regional Insights At the heart of APAC Premier…
Anteris Technologies Initiates U.S. IPO Launch
Anteris Technologies Global Corp. (ASX: AVR) has announced the commencement of its roadshow for the proposed launch of its initial public offering (IPO) in the United States. The company is set to offer 14,800,000 shares of common stock as part of this strategic move. ATGC has also granted underwriters a 30-day option to purchase an…
ANZ Shares Fall as Nuno Matos Succeeds Shayne Elliott as CEO
Australia and New Zealand Banking Group (ANZ) has announced a leadership transition in its top management. Effective immediately, Nuno Matos will take over from Shayne Elliott as the Chief Executive Officer of ANZ. This move was officially recognised in an ASX announcement today, and has seen ANZ shares fall 3.6% on the day, but hanging…
IAG Shares Hit New High as AI Use Cases Drive Efficiencies
IAG’s shares (ASX: IAG) closed out up at multi year highs of $8.64, having earlier got as high as $8.69 in the session. The stock has now gained 55.68% on a YTD basis, making it a significant outperformer in the ASX. One driver of performance is coming from the significant strides IAG is making by…
Wesfarmers Shares Continue Upward as Leadership Shuffle Announced
Wesfarmers shares (ASX: WES) continue on an upward path, gaining 1.32% on the day to bring the cumulative 1 month return to 11.84%. Now with WES looking intent to retest the 52 week highs of $77.20 set back in August, a leadership reshuffle is looming. The firm recently announced significant changes in its leadership structure,…
Northern Star Resources Share Price Target Trimmed
Northern Star Resources shares (ASX: NST) are coming off a 5 day decline of 8.03%, having earlier set about looking to retest the $18 level. With the second attempt to pass this resistance failing, the focus moves back to fundamentals after a recent buyback reduced the float. In other news, RBC Capital Markets cut it’s…
Allianz Australia Finalizes A$642 Million Deal with RAA
Allianz Australia has entered into a significant partnership with the Royal Automobile Association of South Australia (RAA) through a transaction valued at A$642 million (US$416 million). This strategic move involves the purchase of RAA’s general insurance business and secures an exclusive 20-year distribution agreement, focusing on home and motor insurance products. Allianz Global shares in…
