Missed expectations for Barrick’s production
For yet another quarter, the world's second-biggest gold miner has missed forecasts and forecasted an inflation-topping jump in costs for both gold and copper.
Read MoreFor yet another quarter, the world's second-biggest gold miner has missed forecasts and forecasted an inflation-topping jump in costs for both gold and copper.
Read MoreYeehaw! Big global investors are at their most confident since January 2022, according to the latest monthly survey from Bank of America. Yet, judging by the changing sentiment on Wall Street, this ebullience may be misplaced.
Read MoreThe correlation between risk and returns is widely accepted. Historically, smaller companies have often outperformed larger ones over extended periods, a principle deeply embedded in investment theory and practice. However, recent market data has cast doubt on this conventional wisdom.
Read MoreRetail investors have been flocking to relatively new spot Bitcoin exchange-traded funds, yet they seem to be overlooking gold funds, despite the yellow metal consistently hitting new highs and outperforming Bitcoin over the past month.
Read MoreMajor commodity prices slumped Wednesday across the board — all except for copper and iron ore — as the realities of US monetary policy hit home.
Read MoreNo wonder the Reserve Bank of New Zealand left its Official Cash Rate steady last week — the latest consumer inflation data shows that while easing, cost pressures continue to persist, as in Australia and the US.
Read MoreFed chair Jay Powell made it clear at a function on Tuesday that the central bank is still waiting for signs that US inflation is on the way down, as it was for most of 2023. Investors, analysts, economists, and anyone else with a view are starting to understand that this means "no rate cut."
Read MoreDespite a fairly solid Chinese crude steel production figure for March, iron ore prices slid 2.3% in Singapore on Tuesday as uncertainty about the real health of the Chinese economy took hold.
Read MoreChina’s gross domestic product grew 5.3% in the first quarter from the same period in 2023, surpassing conservative forecasts of around 4.6% to 5%. However, it was only marginally ahead of the 5.2% rate recorded in the final quarter of 2023.
Read MoreDr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses Israel/Iran fears and the rate cut uncertainty.
Read MoreIron ore prices continued rising on Monday despite another (small) rise in portside stocks at China’s top 45 ports last week.
Read MoreThe accuracy of the various surveys of US consumer sentiment, which showed weak levels of confidence, has been cast into considerable doubt by an even stronger retail sales report for March than expected.
Read MoreTesla shares slumped on Monday after online news services reported that the EV giant was about to cut its worldwide job numbers by 10%.
Read MoreThe higher for longer narrative gains traction as US consumer data holds steady and markets hit all time highs. The late cycle AI heated market rally may be cause for concern, but the more urgent risk for investors is an economy with falling yields and sticky inflation.
Read MoreAll the tremors around markets on Friday and the weekend buried the appearance of a major global oil demand estimate of the early impact of the stuttering transition away from conventionally powered vehicles to EVs in their various forms.
Read MoreChina's strong start to 2024 came to a rapid halt in March, judging by this week’s inflation and trade data.
Read MoreOil rebounded Friday even as the International Energy Agency trimmed its forecast rise in 2024 global oil demand.
Read MoreGold prices surged over $2,400 an ounce in early trading on Friday, hitting successive, never-before-contemplated highs in the wake of the very dovish statements from the European Central Bank and its head, Christine Lagarde, about a potential June rate cut.
Read MoreReality struck Wall Street on Friday from various directions, setting up a nasty opening for the ASX this morning. Friday night’s share price futures platform had the ASX 200 staring at a 50-point loss when trading resumes this morning.
Read MoreThe US March quarter reporting season accelerates this week with three more banks and Netflix down to be the most watched filers.
Read MoreWhat's ahead this week for markets? A lot of headaches, in addition to the usual flow of reports and data.
Read MoreShares in the oil major BP surged by 3.4% on Friday following reports that the United Arab Emirates' (UAE) state-owned oil company had recently considered purchasing the UK-based company but withdrew from preliminary talks.
Read MoreTwo weeks after experiencing a price slide in late March and early April, world iron ore prices made a remarkable recovery last week, registering a substantial 15% gain.
Read MoreDr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses developments in investment markets over the past week, economic activity trackers, major global economic events and Australian economic events.
Read MoreA respected industry forecaster has strongly suggested that peak steel demand in China may have already occurred.
Read MoreA significant week awaits Tesla as the company prepares to unveil its quarterly financials on Wednesday, potentially mirroring the outcomes of the same quarter in 2023.
Read MoreWinston Sammut, the Director Property of Euree Asset Management, gives his weekly take on the REITs sector.
Read MoreDeflation revisited China's economy in March, following its disappearance in February. China's consumer inflation decelerated to an annual rate of just 0.1% in March from the surprising 0.7% reading in February.
Read MoreHere's a significant warning for Elon Musk, Tesla, and investors banking on robotaxis to compensate for shelved Tesla EV variants.
Read MoreMarch's US Consumer Price Index shouldn’t come as much of a surprise to financial markets. After all, it merely continued the trend established in the January data and persisted into February – that inflation was lingering longer than desired.
Read MoreChina's car industry surged in March as demand recovered from weak levels in January, followed by a holiday-dampened February, propelling output higher.
Read MoreThe Reserve Bank of NZ believes that maintaining interest rates at their current highs will "return consumer price inflation to the bank’s 1% to 3% target by the end of 2024."
Read MoreIn a surprise announcement four months after Moody’s move, Fitch on Wednesday revised its outlook on China to negative, citing increasing risks to the country's public finance outlook from a slowing economy and its search for new ways to stimulate growth in the wake of the property crunch.
Read MoreIn a recent development, Fitch Ratings has opted to revise the outlook on China's long-term foreign debt from stable to negative. This move comes as Fitch cites escalating concerns regarding the country's public finance prospects amid a steady rise in debt levels.
Read MoreGold hit an all-time high of $2,384.50 per ounce on Tuesday on Comex in New York, before easing to trade around $2,371 per ounce at 7am Sydney time on Wednesday.
Read MoreDr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the property market.
Read MoreA bit of a "steady as she goes" report card on the health of the Australian economy last month from the National Australia Bank.
Read MoreBitcoin surged past the $71,000 mark during Asian trading hours on Monday, marking its highest point since April 1. The rally comes as anticipation builds ahead of the much-anticipated reward halving expected to take place on April 20. This surge has not only propelled Bitcoin but also bolstered bets within the Ordinal and BRC-20 ecosystem.
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