ASX 200 Recaptures 8,000 as Rally Extends to 4 Days
The S&P/ASX 200 rose by 0.92% to 8,070.6 points today, with energy the driving factor on the day, up 2.46%. This bounce back above the 8,000 level could prove to be a turning point for the index. With a gain of 3.2% having been achieved over the past 4 trading sessions, a return to green on…
How Macroeconomic Trends Can Benefit Bitcoin
Bitcoin has recently suffered a startling price drop. With economic uncertainty abound, crypto is taking a hit across the board. We discuss if Bitcoin may actually be able to benefit from these circumstances in the article below. Crypto investors have had a rocky ride over the past year. From Bitcoin halving events to ETFs,…
Lynas Rare Earths Shares (ASX:LYC) Rally Extends to 19%
Lynas Rare Earths shares (ASX:LYC) have started 2025 in fine form, with gains of 19.14% year-to-date. This marks a significant outperformance to the ASX 200’s negative 5.52% return over the same period. But not all has been smooth sailing. As the world’s largest producer of separated rare earth elements outside of China, Lynas Rare Earths…
ASX 200 Drops 1.8% as VIX (AXVI) Back on the Rise
The ASX 200 faced a notable downturn today, closing 1.8% and wiping out much of Tuesday’s gains, as the implementation of US President Donald Trump’s “reciprocal” tariffs hit hard. The tariffs affected several international trade channels, imposing a 10% tariff on Australian goods and a severe 104% on Chinese imports after an acceleration in trade…
BHP Invests $13 Billion to Streamline Chilean Mining Operations
BHP Group is gearing up for a major investment in Chile’s mining sector, with a planned outlay of $13 billion aimed at revitalising its aging copper mines. This move is aligned with the Chilean government’s recent initiative to expedite the mining permit process, a shift that could benefit not only BHP but the entire mining…
Domino’s Pizza Enterprises Shares (ASX: DMP) Move off Lows
Shares of Domino’s Pizza Enterprises Ltd (ASX: DMP), the global fast-food giant, have moved firmly off the bottom in recent days, with a 7.93% rise over the past two sessions moving the price back above $26. With a new 52 week low of $23.88 being made in Monday’s session, the turnaround will certainly be welcome…
Zip Co Shares (ASX:ZIP) Recent Struggles – What Next?
Zip Co shares (ASX:ZIP) have faced intense selling pressure over the past week, reflecting broader market anxieties and a reassessment of high-growth technology stocks. The company’s stock price managed to rally today, gaining 6.72% on the day, but remaining firmly down over the past week (-23.49%), and even moreso YTD (-57.24%). This has been a…
Abacus Storage King Shares Surge on A$1.93 bn Takeover Bid
Abacus Storage King (ASX: ASK), a major player in the self-storage market, has been catapulted into the M&A spotlight following a significant, unsolicited takeover proposal from a consortium including U.S. storage giant Public Storage (NYSE: PSA) and Ki Corporation. The conditional, non-binding offer has ignited investor interest and prompted a sharp re-evaluation of the company’s…
Fortescue Shares Make New 52 Week Low as Bears Pile on Pressure
Fortescue shares (ASX: FMG) continued their downward trajectory this week, closing down 2.99%, and critically below the $15level. In closing at $14.94, Fortescue’s share price also made a new 52 week low at $14.86 on the day, with the year high of $27.67 a long way away. The recent single-day decline is symptomatic…
Rio Tinto Shares Make New Low as Recent Range Breaks To Downside
Miner Rio Tinto’s shares (ASX: RIO) fell back 2.73% today, falling to the low point of the year in closing at $111.94. From a technical standpoint, the stock continues to make lower lows, slipping below the range that had held for much of the past 6 months ($114- $125). While the recent price action has…
