Iron Ore Slump Tests Mettle of Mining Giants BHP, Rio Tinto, and Fortescue
Investors in three of the world’s major iron ore producers, BHP (ASX: BHP), Rio Tinto (ASX: RIO), and Fortescue Metals Group (ASX: FMG), are facing pressures as their share prices have tumbled significantly. With declines ranging from 15 to 20% from their year-to-date highs, these companies have been affected by a notable downturn in iron…
Australian Stocks Marginally Higher with Tech and Gold Leading the Charge
In the latest trade session, Australian stocks saw a modest uptick, powered by positive movements in the Gold, Information Technology, and Utilities sectors. The S&P/ASX 200, a benchmark index representative of the Australian equity market, reported an increase of 0.11% at the market’s close in Sydney, reflecting cautious optimism among investors. Specifically, standout performers for…
Pioneering Copper Exploration: GCX Metals Launches Drilling Campaign at Dante Project
GCX Metals (ASX:GCX) has embarked on an ambitious journey to unearth the copper wealth of its Dante project in the prolific West Musgrave region with the initiation of its first Reverse Circulation (RC) drilling campaign. The company has spotlighted approximately 7,000 meters of magmatic copper-gold sulphide targets, underpinning the potential magnitude of mineral resources at…
eToro Shares : Australia Regulated Trading App Considering IPO in New York or London
eToro stock may become available for investors through a much anticipated IPO, that was originally slated in the form of a SPAC before that model came under pressure. In a significant development that epitomizes the current activity increase in retail trading, eToro is reportedly contemplating a stock exchange listing that could see the company valued…
Global Markets Broadly Down – Japan Facing Interest Rate Adjustments
Asian-Pacific stock markets broadly experienced a downturn on Monday with Japan’s shares leading the losses, as new economic data suggests the country has sidestepped a technical recession. This development has ignited speculation that the Bank of Japan may contemplate an interest rate hike, a move that investors fear could impact corporate earnings and consumer spending….
ASX200 Starts The Week Slowly, One Commodity Continues To Shine
The ASX200 opened the week with a marked downturn, following cues from a Wall Street retreat last Friday, signalling concerns for investors down under. The index declined by 1.82% as market players reacted to international economic cues and braced for potential headwinds. In contrast to the broader market, gold-centric ASX 200 listed players, such as…
Last Week In Europe : Momentum With Record Highs in Germany and France
European stock markets showcased an air of calm on Friday, sustaining the previous week’s vigorous performance, particularly underscored by the historic peaks reached by German and French stocks. Investor sentiment has seemingly entered a state of equilibrium as the Stoxx Europe 600 index solidified its position, celebrating an unprecedented seventh consecutive week at all-time highs….
Inghams Group (ASX:ING) Going Ex-Dividend as Investors Eye AU$0.12 Per Share
Investors looking to capture the forthcoming dividend payment from Inghams Group Limited (ASX:ING) will need to act rapidly, as the company is approaching its ex-dividend date imminently. With March 14th marked as the record date for the dividend entitlement, the pivotal ex-dividend date falls just one day earlier. Inghams, a prominent name within the poultry…
Westpac Banking Corp (ASX:WBC) Outpace Market with Strong Start to 2024
Investors of Westpac Banking Corp (ASX: WBC) have significant reasons to smile as the banking giant’s share price has impressively risen by 20.2% since the turn of the year, showcasing a performance that may raise expectations of whether it can surpass the broader market index, the All Ordinaries (XAO). As of the latest market data,…
ASX 200 Hits Record Highs Buoyed by Banking Rally. 30%+ For Which ASX Share?
In a momentous market uplift, the S&P/ASX 200 index achieved a historic milestone, rising more than 83 points (+1.07%) to reach an all-time high of 7847 points by the end of the week, and Friday session. Fuelling this ascent was a notable rally in the banking sector led by the Commonwealth Bank Of Australia, along…
