Finance News Network

News by Melissa Darmawan

Melissa Darmawan

China scares commodity investors: ASX closes 1.1% lower over the week

15 Jul 2022 - Australian stocks snapped a 3-day winning streak as a fall in the heavyweight miners offset gains from the defensive sectors. The materials sector tumbled for its 6th…

ASX snaps 3-day winning streak, miners weigh: Aus shares tumble 1.3% at noon

15 Jul 2022 - China’s soft economic growth in the 3-months ending in June missed consensus as rolling Covid-19 lockdowns weighed on the economy. Demand slowdown has pushed prices o…

Stocks of the Hour: Rio Tinto, Michael Hill, WiseTech

15 Jul 2022 - A snapshot of the stocks on the move featuring, Rio Tinto (ASX:RIO), Michael Hill (ASX:MHJ), and WiseTech (ASX:WTC).

Will weak commodity prices cool hot producer prices?

15 Jul 2022 - The US dollar jumped to a fresh 20-year high as investors bought into the greenback in a flight to safety. Consumer inflation is accelerating faster than producer inf…

Resources-led rally lifts ASX higher for 3rd day, closes up by 0.4%

14 Jul 2022 - Australian shares lifted for a 3rd straight day, propped up by resources stocks and the power from technology firms.

Stocks of the Hour: Galan Lithium, Pilbara Minerals, Select Harvests, Data#3

14 Jul 2022 - A snapshot of the stocks on the move featuring, Galan Lithium (ASX:GAL), Pilbara Minerals (ASX:PLS), Select Harvests (ASX:SHV), and Data#3 (ASX:DTL).

Lowest jobless rate since 1974, Resources sector rebounds: ASX up 0.3% at noon

14 Jul 2022 - Australia’s workforce continues to grow after employers added more jobs than economists expected in June, sending the unemployment rate to the lowest in 50 years.

Looming US inflation makes traders cautious, Crude price stabilises: ASX closes 0.2% higher

13 Jul 2022 - Australian shares lacked conviction as investors remained cautious ahead of the US inflation data. The index remained in a holding pattern as it jumped above and belo…

Construction activity falls for 3rd quarter, June labour force figures ahead

13 Jul 2022 - Construction activity in Australia has tumbled for a 3rd straight quarter, according to the ABS. According to the HIA, the boom in building activity was linked to the…

M&A in spotlight, ANZ in talks to buy MYOB, Regional Express eyes Cobham: ASX down 0.2% at noon

13 Jul 2022 - Australian stocks have lacked conviction today, shuffling above and below the flat line as investors weigh up the prospect of an aggressive rate hiking path to combat…

Stocks of the Hour: KMD Brands, BNK Banking, Qantas, Regional Express

13 Jul 2022 - A snapshot of the stocks on the move featuring, KMD Brands (ASX:KMD), BNK Banking (ASX:BBC), Qantas Airways (ASX:QAN), and Regional Express (ASX:REX).

ANZ Bank (ASX:ANZ) confirms MYOB talks with KKR

13 Jul 2022 - Rumours around ANZ Bank (ASX:ANZ) being in talks with Kohlberg Kravis Roberts & Co (KKR) about a potential acquisition of MYOB were confirmed today.

Buy the rumour, sell the news, Gold hangs on, USD climbs, Bear market deepens, US CPI print looms

13 Jul 2022 - The size and scope of the message coming from the treasuries market keeps getting stronger. Overnight, the US 2-year and 10-year yield inverted for a 5th straight da…

Recession fears weigh ahead of looming US inflation print: ASX closes 0.1% higher

12 Jul 2022 - The rally was short-lived on the Australian sharemarket as investors eyed the start of the local earnings season while business and consumer sentiment results painted…

Stocks of the Hour: Envirosuite, Stealth Global, Firefinch

12 Jul 2022 - A snapshot of the stocks on the move featuring, Envirosuite (ASX:EVS), Stealth Global (ASX:SGI), Firefinch (ASX:FFX)

Zip jumps 4% after abandoning merger with Sezzle: ASX up 0.3% at noon

12 Jul 2022 - Healthcare stocks are lifting the Australian sharemarket, overshadowing the weakness in the materials and information technology sectors. Investors have eyed the star…

Sezzle (ASX:SZL) and Zip Co (ASX:ZIP) abandon merger deal

12 Jul 2022 - Sezzle (ASX:SZL) and Zip Co (ASX:ZIP) have mutually agreed to abandon the deal to merge, effective immediately after signing it in February this year.

RAS Technology (ASX:RTH) signs 5-year deal with Entain for $5m

12 Jul 2022 - Sports betting company Entain Group has awarded Racing and Sports Technology Holdings (ASX:RTH) a 5-year extension on their deal to provide racing content valued at $…

Defensive play emerges on renewed recession fears: ASX closes 1.1 lower

11 Jul 2022 - Investors turned defensive after recession fears emerged amid rising Covid cases in China. This comes ahead of a big week of economic news and input data that could r…

US inflation, China's fresh curbs, Biden's Middle East trip - What are Treasuries telling us?

11 Jul 2022 - Investor sentiment continues to be weak as Covid-19 infections emerge in China while fresh Europe-Russia gas angst is mounting up.

Energy surge can't chase away ASX blues, down 0.5% at noon

11 Jul 2022 - The fall in materials and information tech led the retreat on the Australian sharemarket as gains in energy and financial stocks weren’t enough to offset the decline.

Stocks of the Hour: Anson Resources, RPM Automotive, ImpediMed, Galileo Mining

11 Jul 2022 - A snapshot of the stocks on the move featuring, Anson Resources (ASX:ASN), RPM Automotive Group (ASX:RPM), ImpediMed (ASX:IPD), and Galileo Mining (ASX:GAL).

Reprieve for ASX-copper stocks on growth hopes

08 Jul 2022 - Bearish-copper investors were given a scare today after learning that Beijing is weighing up a US$220b stimulus package to speed up infrastructure spending. The news …

ASX climbs for 2nd day, up 0.8% at noon, spurred by resources and tech stocks

08 Jul 2022 - The Australian sharemarket has started on an optimistic note, with gains building for a second day. Hopes that the Federal Reserve can navigate a soft landing has spu…

China stimulus spurs rebound in metals, Russian court orders stop to Caspian oil pipeline

08 Jul 2022 - We learnt at the end of June that China’s manufacturing purchasing managers’ index rebounded in June, indicating expansion for the first time since February as major …