Finance News Network

News by Peter Milios

Peter Milios

Peter Milios is a recent graduate from the University of Technology - majoring in Finance and Accounting. Peter is currently working under equity research analyst Di Brookman for Corporate Connect Research.

ASX down 1.5% near noon: Aus shares on course for seventh decline in eight sessions

19 Apr 2024 - Australian shares are on course for their seventh decline in eight sessions amid investor preference for higher bond yields and gold due to concerns about persistent …

Quantum computing, AI, and semiconductor innovations

19 Apr 2024 - In the dynamic landscape of technology, quantum computing and artificial intelligence (AI) emerge as transformative forces, poised to revolutionize industries and res…

US markets eyeing another negative week

19 Apr 2024 - US jobless numbers held steady overnight, adding yet another data point that suggests the US economy is firing on all cylinders.

ShareCafe & Marketech Focus - one platform to stay fully informed!

19 Apr 2024 - In collaboration with Marketech, their new, free, award-winning Focus platform now comes embedded with all the ShareCafe, Finance News Network and Corporate Connect c…

ASX closes 0.5% higher: All four banks close higher

18 Apr 2024 - Shares rebounded on Thursday, breaking a seven-day streak of losses, following Australia's jobless rate rising to 3.8% in March, aligning with market expectations.

ASX up 0.39% near noon: Australian employment decreases in March

18 Apr 2024 - Australian employment decreased by 7000 in March, resulting in a rise in unemployment to 3.8% from February's 3.7%, contrary to analysts' expectations of a 10,000 inc…

Nvidia and Big Tech lead US markets lower

18 Apr 2024 - US markets ended in the red for the fourth trading day in a row as big tech names weighed heavily on markets.

The curious case of US small-cap stocks

18 Apr 2024 - A fundamental principle in finance is the correlation between risk and returns. It's widely acknowledged that smaller company stocks tend to outperform larger ones in…

ASX closes 0.1% lower regarding the uncertain geopolitical landscape in the Middle East

14 Apr 2024 - Continuing its decline for the fifth consecutive session, the ASX experienced a downturn as the S&P/ASX 200 closed 6.9 points, or 0.1 per cent lower at 7605.6.

ASX down 0.15% near noon: Fed Chair Powell confirms rates will stay higher for longer

17 Apr 2024 - Australian shares extended their losses this week, primarily driven by the indication from the US Federal Reserve that rate cuts might not occur in the near future. T…

Markets close mixed following Fed rate commentary

17 Apr 2024 - US markets finished close to the flatline following Federal Reserve Chair Jerome Powell comments that interest rates may need to stay elevated.

ASX closes 1.8% lower to its largest one-day drop since March the previous year

16 Apr 2024 - Australian shares experienced significant losses on Tuesday, following a decline on Wall Street fueled by strong US retail sales data, dampening expectations of inter…

ASX falls 1.26% at near noon: All sectors in red

16 Apr 2024 - Australian shares declined sharply following stronger-than-expected US retail sales data, dampening hopes for interest rate cuts and triggering a 1.26 per cent drop t…

Far Northern Resources unveils significant discoveries at Empire

16 Apr 2024 - Brisbane-based gold exploration and base metals company, Far Northern Resources (ASX:FNR), debuted on the ASX on Friday and wasted no time in unveiling a noteworthy d…

Strong retail sales & rising yields spook investors

16 Apr 2024 - Stocks erased early gains to finish well in the red after much stronger than expected retail sales cast further uncertainty around the likelihood and timing of rate c…

Fed's Daly says there is no urgency to cut rates

15 Apr 2024 - Federal Reserve Bank of San Francisco President Mary Daly says there is no urgency to adjust interest rates, given a strong labor market, robust consumer spending, an…

Geopolitical concerns weigh heavily on US markets

15 Apr 2024 - Concerns have risen after the Iranian retaliation against Israel and weaker than expected bank earnings overshadowed US markets on Friday.

ASX down 0.27% near noon: US Fed Reserve officials suggest patience in fight against inflation

12 Apr 2024 - Australian shares slipped in the final session of the week as US Federal Reserve officials emphasised the need for patience in addressing global inflation concerns. A…

Markets bounce back from inflation led sell off

12 Apr 2024 - Tech stocks led the market back into positive territory after the previous sessions inflation led sell off after the March PPI number came in below estimates providin…

ASX falls 0.4% following higher-than-expected US inflation data

11 Apr 2024 - Shares rebounded on Thursday despite losses in technology and property sectors following higher-than-expected US inflation data, which led to a 0.4% decline in the S&…

ASX down 0.86% near noon: REITs get slammed

11 Apr 2024 - At 11:30am, the S&P/ASX 200 is 0.86 per cent lower at 7,781.00, as investors sold off interest rate-sensitive sectors such as property, tech, and banking stocks due t…

Higher than expected inflation number triggers selloff

11 Apr 2024 - Hotter than expected March inflation data triggered a wave of selling in US markets with the 10 year Treasury yield soaring back above 4.5 per cent.

ASX grows by 0.3% following optimistic forecasts regarding iron ore consumption

10 Apr 2024 - On Wednesday, the Australian sharemarket saw a 0.3% increase in the benchmark S&P/ASX 200 Index, reaching 7848.5 points, predominantly driven by a surge in mining sto…

Fitch revises China's rating

10 Apr 2024 - In 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 escal…

ASX up 0.24% near noon following late rebound on Wall Street

10 Apr 2024 - Australian shares opened higher, following a late rebound on Wall Street and a decrease in US Treasury yields ahead of the release of key US inflation data.