BHP looks to boost Pilbara export capacity
BHP is looking to significantly boost its iron ore export capacity from Port Hedland in a move that could boost royalty revenues for Western Australia. While the mining giant is still looking to reach its licensed capacity of 290 million tonnes a year in the medium term, BHP says improvements in its supply chain could…
Tips When Trading Bybit As A Beginner
Due to the technological innovations these days, most traders are looking for ways to improve their trading strategies and maximize their profits. This is where a cryptocurrency exchange like ByBit can help. Primarily, ByBit is a popular cryptocurrency exchange portal that provides traders a user-friendly approach to handling their digital assets. It also accommodates Bitcoin…
Parliament to return for trial week in May
Federal parliament will meet for its ordinary business in May, although it is likely to still be a cut-down version that practises social distancing. Prime Minister Scott Morrison said the week-long sitting, yet to be agreed with the opposition, would be a trial. “It is important that parliament goes about that work and we are…
ASX set to surge again after record 7% day
The Australian share market is set to surge again, having just recorded its best ever day following the announcement of a $130 billion wage subsidy package for businesses. The SPI200 futures contract was up 66 points, or 1.27 per cent, at 5,257.0 points at 0800 AEDT on Tuesday, suggesting strong early gains for local stocks….
RBA to make rates announcement on Thursday
The Reserve Bank will make an interest rate policy announcement at 2:30 pm AEDT on Thursday, according to a post on its website. The Reserve Bank of Australia had already said that Governor Philip Lowe would give a speech and conference call at 4pm but the timing of the policy statement is new. Markets widely…
CommSec Daily Reprot Wednesday
Latest news Aussie shares are sliding to near intraday lows, with coronavirus fears continuing to keep equities under pressure and markets volatile. The ASX 200 is slipping by ~260pts or 4.9 per cent to 5,033. Remarkably, the local market has fallen by approximately 30 per cent in just 19 trading sessions and today’s tumble marks…
Aust stocks dive again on stimulus delay
Disappointed by lack of promised detail on a major US stimulus plan, investors have sent Australia’s volatile share market into another deep dive. The benchmark S&P/ASX200 index was down 95.4 points, or 1.61 per cent, at 5,844.2 at midday AEDT on Wednesday, dragged down by banks amid more pressure on rates. Futures had pointed to…
US stocks fall for seventh straight day
The S&P 500 fell for the seventh straight day on Friday and the benchmark index suffered its biggest weekly drop since the 2008 global financial crisis on growing fears the fast-spreading coronavirus could push the economy into recession. Stocks regained some ground right at the end of a volatile session. The Dow and the Nasdaq…
Gold stocks exhibit strong seasonality
Before their recent surge on gold regaining $1600, the gold stocks spent much of the past half-year or so largely drifting sideways to lower. That high consolidation really weighed on sentiment, with greed giving way to apathy. This sector normally tends to suffer a seasonal slump into mid-March, paving the way for gold stocks’ spring…
Australian stocks to fall for third day
Australian shares face another hammering after big falls on US equity markets overnight following a warning for Americans to prepare for the coronavirus. The SPI200 futures contract was down 162 points, or 2.37 per cent, at 6,664 at 0800 AEDT on Wednesday, pointing to another sharp fall when the local market opens. Local stocks lost…
