Thanks for joining us today and come back tomorrow when the latest economic growth figures are released. To leave a comment on the blog, please log in or sign up for an ABC account. Asana’s (ASAN) second-quarter fiscal 2023 results https://investmentsanalysis.info/ reflect growth in revenues, driven by a customer-base expansion on product launches. WESCO (WCC) signs an agreement to acquire Rahi Systems Holdings to expand its presence in the booming hyperscale data-center market.
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- Investors are mostly betting that the central bank will maintain that pause through the rest of the year.
- He says the higher interest rates we have now are helping to establish a more sustainable balance between demand and supply in the economy.
And not much sooner than that began that multiple spodumene-bearing pegmatite dykes were discovered at the project. • Major lithium exploration is now planned at Raiden’s Andover North and Andover South, Mt Sholl and Arrow projects. • The company announced its decision to acquire new lithium acreage in WA’s Pilbara, earning in on five new tenements alongside Western Exploration. But… we can tell you there were NINE 100%+ stonkers that month in the mining resources sector.
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And the Reserve Bank has kept official interest rates on hold at 4.1 per cent, prompting an Australian dollar sell-off, and the ASX has lost ground. MELBOURNE, Australia–Australia’s main exchange operator ASX Ltd. (ASX.AU) said its profit was up 10% in the first nine months of its financial year, helped by a rise in listings. We will focus on a shared vision for the future of Australian financial markets. We will earn trust by maintaining high standards of corporate governance in accordance with all applicable regulation, policies and procedures, and by delivering systems and processes that are stable, secure, reliable and fair.
Who Made the Gains? Here are the top ASX miners and explorers for August 2023
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Not all economists think the RBA is done with raising official interest rates. If you’re experiencing financial distress, there are a number of support services available for you to access. Most sectors ended in the red with utilities, energy, real estate firms, miners and banks among the losers. “The decision by Alan Joyce to stand down as chief executive officer of Qantas marks the end of one era and the start of a new one with both major Australian airlines led by women.
In Case You Missed It: Irish wave energy deal and a plethora of placements
The Australian Bureau of Statistics (ABS) reports today that our ToT fell 7.9% in the June quarter. Analysts are still concerned about the potential for a recession, but those concerns have lessened as inflation cools and the economy remains resilient. Wall Street expects the Fed to hold its benchmark interest rate steady at its next meeting later in September, just as it did at its previous meeting. Investors are mostly betting that the central bank will maintain that pause through the rest of the year. Losses in industrial, health care and financial stocks were the biggest drag on the benchmark S&P 500. Information technology companies (down 1.5 per cent) were also among the weakest on the index as WiseTech (down 0.5 per cent), Xero (down 1.6 per cent) and Altium (down 4.4 per cent) all declined.
- Every month we hear from a lot of you in the comments who tell us that you’re doing it tough at the moment, but know that there are several resources available to help.
- The decentralized ledger system used to record transactions for the digital currency bitcoin has received an endorsement by a group of the world’s biggest banks and stock exchanges.
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He says the new Monetary Policy Board with more external members will have a bigger impact on interest rate decisions than the new governor. “Our expectation is that Governor Bullock will not represent a discrete change in policy thinking, or is easily characterised as either more hawkish or more dovish than Governor Lowe.” “The RBA paused again today with data since the last meeting not enough to warrant a hike.” Every month we hear from a lot of you in the comments who tell us that you’re doing it tough at the moment, but know that there are several resources available to help.
Recce gets Vietnam trademark
The Australian sharemarket dropped on Wednesday, dragged down by the financial and information technology sectors after a weaker session on Wall Street overnight. The Reserve Bank is almost certain to leave the cash rate steady at 4.1 percent when Philip Lowe chairs his final meeting as governor later today. “But inflation is still too high and will remain so for some time yet. While goods price inflation has eased, the prices of many services are rising briskly. Rent inflation is also elevated. RBA governor Philip Lowe says the RBA Board has kept the cash rate steady for another month for a number of reasons.
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ASX 200 commodity shares down amid biggest drop in Australia’s terms of trade since 2009
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Receive the latest price and company information directly from the source. Freshly relisted after a four-month trading halt, LLI kicked off the first week of August with the news it has initiated a comprehensive exploration program at its recently acquired Hidden Lake project in lithium-rich Canada. Exports of goods fell 7%, the largest fall since June quarter 2014, as prices for energy commodities like coal and LNG continued to fall from the highs seen in 2022. The terms of trade fell 7.9% in the June quarter, Best investment opportunities largely due to declining prices for key export commodities. BHP chief executive Mike Henry said the world’s biggest miner still has “some ways to go” to create a safe environment for all female employees after the company recently saw a 20 per cent increase in reported sexual harassment. “There’s not much going on other than investors doing the mental arithmetic over whether the Federal Reserve will or will not continue to hike interest rates,” said Sam Stovall, chief investment strategist at CFRA.