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Market Insights and Finance News

Market Insights and Finance News

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Further disarray at Star

No wonder shares in Star Entertainment Group (ASX:SGR) lost another 14% on Tuesday, following further damning disclosures during the second day of the inquiry into…
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Markets close mixed following Fed rate commentary

US markets finished close to the flatline following Federal Reserve Chair Jerome Powell comments that interest rates may need to stay elevated.The S&P 500 lost…
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Iron ore prices slide despite stable Chinese steel production

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

Australian shares experienced significant losses on Tuesday, following a decline on Wall Street fueled by strong US retail sales data, dampening expectations of interest rate…
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China’s first quarter economic performance and property crisis

China’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,…
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Rate cut uncertainty in the Middle East

Israel/Iran fears and rate cut uncertainty – shares are vulnerable to a bout of volatility but here’s five reasons why the trend will likely remain…
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ASX falls 1.26% at near noon: All sectors in red

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 to the…
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Stocks of the Hour: Dalaroo Metals, Decmil Group, Far Northern Resources

Dalaroo Metals (ASX:DAL) has announced a gold system discovery from its maiden program of air core drilling at the Goodbody West gold prospect, Lyons River…
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The unraveling of Star Entertainment Group

At the close on Monday, the near 4% fall in the price of Star Entertainment Group (ASX:SGR) shares ended up being a positive outcome on…
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Iron ore prices continue to rise in spite of increased portside stocks

Iron ore prices continued rising on Monday despite another (small) rise in portside stocks at China’s top 45 ports last week.The SGC trading platform saw…
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Strong retail sales & rising yields spook investors

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…
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Tesla faces layoffs and share slump

Tesla shares slumped on Monday after online news services reported that the EV giant was about to cut its worldwide job numbers by 10%.With over…

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