(ASX:RIO) Rio Tinto Battles Production Headwinds In Q1
Mining giant Rio Tinto (ASX:RIO) had a green day today, gaining 2.16 points, translating to a 1.68% increase. Despite a stellar last month where Rio’s shares shot up 10.49 points (8.71%), the company have reported subdued production figures for the first quarter of 2024, indicating a series of operational challenges that have impacted its output…
A Closer Look at Reliance Worldwide Corporation Shares – Is RWC A Buy?
Despite coming off the back of a 1 month drop in share price of 9.20%, Reliance Wordwide Corporation has delivered admirably for shareholders over the past 6 months. In the landscape of modern investing, the movement of stocks often serves as a barometer for the market’s perception of a company’s future prospects, but peaks and…
ASX 200 Sheds 1.81%, All Ords Drop 1.84% To Go Red On Year
The Australian stock market faced a wave of selling pressure, resulting in a broad decline with the ASX 200 index plummeting by 140 points, translating to a substantial 1.81% drop on Tuesday. The All Ords suffered a similar fate with a 1.84% drop, down 147.10 points. The last 5 days has seen a reversal in…
Are Recent Gains In Ampol Shares (ASX: ALD) Sustainable?
In last six months, Ampol Limited (ASX:ALD) has witnessed its stock price appreciate by a notable 19.85%, inviting investors to consider if its underlying financial performance is a driving factor for the upturn in market sentiment. As the last week brought a pullback in ALD shares, down 5.43%, we want to take a closer look….
ASX 200, All Ords Market Roundup, Banking and Technology Down, Mining Up
Australian shares closed on a somber note on Monday, with the banking sector leading the downturn as the latest U.S. inflation figures led investors to temper expectations for rate cuts. The ASX 200 index concluded the trading day 0.46% lower, settling at 7,752.5 points. The All Ords Index has also fallen 0.5%, down from 8050.20…
Rio Tinto Shares Up 3.63% Today – Will Space Tech Help Exploration Efforts?
Rio Tinto shares (ASX: RIO) have climbed 3.63% today, to add to an excellent recent trend, having added 12.83% in the last month. In the mining giant’s relentless quest to uncover new resources, the company is taking a bold step by integrating space-age technology into its earthbound operations. After a hiatus in major mineral discoveries since…
Australian Silver Miners Soaring: 4 Top ASX Silver Stocks To Watch
In the vibrant commodity markets, Australian silver miners remain a staple for investors seeking tangible assets and industrial demand continues to underpin its value. Silver prices have soared so far this year, hitting levels not seen for 3 years, and looking to take out highs not seen in a decade. XAGUSD is pushing towards new…
ASX 200 fell 0.45% and All Ords down 0.44%. US CPI and Chinese Economic to Blame?
In the latest market wrap-up, the ASX 200 index showed resilience in the face of international pressures, closing 34.9 points lower, translating to a 0.45% dip from its peak of the day. The All Ords index also closed 0.44% down after a green 5 days. The market remained buoyant despite a rocky start which saw…
Tribune Resources Shares Are Up 41.69% In 2024. We Take A Look Why
Tribune Resources Limited’s (ASX:TBR) share price took a rare breather today, gaining 0.24% on the day and finally settling on $4.18. For technical analysis aficionados, TBR is right at the level of resistance set during a previous run up that ended in December 2022. Beyond potentially turning $4.20 into support, the path appears clear towards…
ASX 200 Gains by 0.31%, All Ords 0.35%. US Markets Get Hotter Than Expected CPI Print
The Australian markets closed out Wednesday’s trading session on a positive note, with the ASX All Ords leading (+0.35%) the benchmark 200 Index (up by 0.31% to close at 7848.5 points). This upward trajectory was primarily fuelled by a notable surge in mining stocks, catalysed by bullish forecasts around iron ore consumption. Leading the pack…
