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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.

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US stocks react to reports on global economy

08 Jun 2023 - The S&P 500 and Nasdaq Composite closed lower Wednesday, with the broad market index fluctuating near its highest closing levels since August 2022.

Energy sector tumbles: ASX closes 0.16% lower

07 Jun 2023 - At the closing bell, the S&P/ASX 200 was 0.16 per cent lower at 7,118.00. The energy sector was the worst performing, down 0.7 per cent.

GDP grew by 0.2% in March quarter: ASX up 0.07% at noon

07 Jun 2023 - According to the Australian Bureau of Statistics, Australia's economy grew by 0.2 per cent in the first quarter of the year, compared to 0.6 per cent in the previous …

US SEC cracks down on Binance and Coinbase

07 Jun 2023 - The S&P 500 advanced modestly on Tuesday to its highest close since 2023 began as Wall Street digested a recent rally that led the broad index to its highest level in…

ASX closes 1.2% lower as RBA decides to lift cash rate 25 basis points

06 Jun 2023 - At the closing bell, the S&P/ASX 200 was 1.2 per cent lower at 7,144.50, after the Reserve Bank's decision to lift the cash rate by 0.25 per cent.

ASX 0.7% lower as investors await RBA's interest rate decision

06 Jun 2023 - At noon, the S&P/ASX 200 is 0.7 per cent lower at 7,165.50 as traders await the Reserve Bank of Australia’s interest rate decision at 2.30pm.

Markets react as investors focus on Fed's target to bring down inflation

06 Jun 2023 - The S&P 500 finished lower on Monday, erasing earlier gains that brought the benchmark index to trade at its highest level on an intraday basis in nine months.

Miners surge due to high iron ore prices: ASX closes 1% higher

05 Jun 2023 - At the closing bell, the S&P/ASX 200 was 1.00 per cent higher at 7,216.30. The increase was driven by the mining and consumer discretionary sectors, which offset loss…

Australia's inventories increased for the March Qtr: ASX 1.05% higher at noon

05 Jun 2023 - In the March quarter, Australia's inventories increased by 1.2 per cent compared to the previous quarter, surpassing Bloomberg's predicted 0.3 per cent growth. On the…

US DOE Critical Materials Assessment 2023

03 Jun 2023 - The U.S. Department of Energy (DOE) has issued a Request for Information (RFI) in order to gather public input on the draft Critical Materials Assessment.

ASX increased by 0.48% after US Senate passes debt ceiling legislation

02 Jun 2023 - The US Senate has passed comprehensive legislation that suspends the $US31.4 trillion debt ceiling and includes federal spending cuts. This legislation supports a bip…

ASX jumps 0.37% at noon as lithium miners surge

02 Jun 2023 - At noon, the S&P/ASX 200 is 0.37 per cent higher at 7,137.3, with mining stocks leading the march. Sentiment for risk assets had improved in Wall Street on optimism t…

US stocks jump as debt ceiling looks to pass through Senate by week's end

02 Jun 2023 - US stocks reached a nine-month high on Thursday as lawmakers in Washington boosted traders’ hopes that the debt ceiling will pass through the Senate by the end of the…

Aus sectors mixed as ASX gains 0.3%

01 Jun 2023 - Despite weak international cues, Australia's share market managed to close slightly higher as the US debt ceiling bill was passed in the House.

ASX jumps 0.22% as US House passes debt ceiling bill

01 Jun 2023 - The Australian sharemarket has rebounded from earlier losses and is now higher after the US House of Representatives passed the debt ceiling bill.

Major US indexes fall after investors react to debt ceiling debate

01 Jun 2023 - Stocks fell Wednesday as investors kept an eye on the federal debt ceiling debate in Washington on the final trading day of May.

ASX suffers worst day in three months dropping by 1.64%

31 May 2023 - Australia's stock market experienced its worst day in three months due to higher-than-expected domestic CPI data and lower-than-expected China PMI data. The S&P/ASX 2…

Inflation figures for April exceeds expectations: ASX 1.09% lower at noon

31 May 2023 - The monthly inflation data for April has exceeded expectations, primarily due to the increased cost of petrol. According to the Australian Bureau of Statistics, the C…

Stocks react as Congress looks to vote on debt ceiling Wednesday

31 May 2023 - The Dow Jones Industrial Average fell on Tuesday as Wall Street considered the likelihood of Congress passing a tentative deal on raising the US debt ceiling.

ASX closes 0.11% lower after holidays in US, UK and Germany

30 May 2023 - At the closing bell, the S&P/ASX 200 was 0.11 per cent lower at 7,209.30. The sectors showed mixed performance, with some experiencing small gains and others incurrin…

ASX down 0.05% at noon: Wesfarmers provides update on operations

30 May 2023 - Local sharemarket has remained relatively stable as gains in the mining and telecommunications sectors were counterbalanced by declines in the banking and real estate…

US political leaders hurry to pass debt ceiling bill before June 5

30 May 2023 - US equity markets and the FTSE 100 were closed overnight. However European stock markets were mixed Monday after US President Joe Biden and House Speaker Kevin McCart…

ASX closed 0.9% higher with nine out of eleven sectors in green

29 May 2023 - At the closing bell, the S&P/ASX 200 was 0.87% or 62.6001 points higher at 7,217.40. This increase was driven by mining and real estate stocks, with investors reactin…

ASX up 1% at noon after the US agrees on a debt ceiling deal

29 May 2023 - All sectors are up except Consumer Discretionary, sparked by the US debt ceiling deal. Overall, at noon, the S&P/ASX 200 is 1.01% higher at 7,227.30.

Biden, McCarthy reach US debt ceiling deal

29 May 2023 - Stocks jumped on Friday as traders grew hopeful that lawmakers will reach a deal to raise the US debt ceiling, avoiding a potentially catastrophic default.