Closing Bell 17th November: Gold Mining Stocks Shine Amidst Energy Sector’s Decline
ASX ends the week flat amidst mixed performances: Mining sector gains led by gold explorers, while energy stocks fall following a plunge in oil prices.
Closing Bell 16th November: ASX Mixed Amid Australian Employment Data and GrainCorp Dividend News
ASX shows mixed responses as Australian employment figures rise and GrainCorp announces dividends, highlighting diverse market reactions to economic and corporate developments.
Strategy Update: Agriculture Reporting Season – GrainCorp Earnings Update
GrainCorp’s FY23 earnings showcased robust performance with an EBITDA of $565 million, strong international demand, record FFO results, and strategic UMG stake liquidation.
Closing Bell 15th November: ASX Nears Two-Month High as US Inflation Data Fuels Market Optimism
Australian shares approach a two-month peak, driven by a global rally after the US inflation report hints at potential stabilization in interest rates.
Closing Bell 14th November: ASX Rallies Ahead of Key US Inflation Data; Miners and CBA Lead Gains
ASX sees a notable rally with mining and banking sectors soaring as investors await crucial US inflation data to gauge future interest rate trends.
Closing Bell 13th November: Elders Surges in Declining ASX Market Dominated by Energy and Banking Losses
Amidst a general ASX downturn driven by energy and bank stock losses, Elders stands out with a notable surge, defying broader market trends.
Strategy Update: Agriculture Reporting Season – Elders Earnings Update
Elders have reported results this morning beating expectations and rallying 10%. This positivity
Weekend Edition: 11th November 2023
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Closing Bell 10th November: Fed Chairman Powell Hints at Further Rate Hikes, Markets React
In a shift from previous expectations, Fed Chairman Jerome Powell’s comments on potential rate hikes spooked Wall Street, leading to a drop in bond yields.
Balanced Portfolio Recommendation: Trim Neuren Pharmaceuticals (NEU)
At all time highs, we recommend a trim of 1% (one third) of the holding
Strategy Update: Agriculture Reporting Season Update
The Biden administration has flagged $79bl as a point where the US will top up their strategic reserves, we see crude oil here at $77 good value and risk/reward
Closing Bell 9th November: ASX Rises Amid Tech Turbulence and Mining Moderation
ASX edges higher despite tech sector slump, with healthcare gains and mining giants’ resilience amidst global economic and interest rate concerns.