ASX slips ahead of inflation print
Ahead of key inflation data at home and abroad, Australia’s share market slipped on Tuesday as investors took profits.
Ahead of key inflation data at home and abroad, Australia’s share market slipped on Tuesday as investors took profits.
Ten of 11 sectors on the ASX ended the day in the green, with rate-sensitive real estate stocks and positive sentiment around Chinese growth propelling the uplift.
Australia’s number one export may be on its knees but there are two investments that are skyrocketing – although everything still remains uncertain.
Lower gold and oil prices weighed on the Australian sharemarket on Friday, but overall the ASX 200 ended the week 1.3 per cent higher.
The ASX booked a ‘relief rally’ on Thursday on the back of a US Federal Reserve meeting that maintained its outlook for three rate cuts in 2024.
Australia’s energy market operator has sounded the alarm over a long-term forecast, warning that one industry is in “steep decline”.
The Australian sharemarket has edged lower after a day of choppy trading as cautious investors await the all-important US Federal Reserve meeting.
Australia’s surging mining giants pushed the ASX higher on the day the Reserve Bank left the cash rate unchanged.
The future of two Australian industries are in the balance as China flexes its muscles over an issue that is not going away.
Australia’s biggest company has just made a big call on its ambitions and it could influence corporates everywhere.
Ahead of the Reserve Bank’s second meeting for the year, the share market edged higher on Monday even as property stocks lost ground.
Australia’s biggest earner faces an uncertain future which could see $30 billion wiped almost overnight.
Aussie equities fell on Friday, as iron ore dragged and investors grappled with hotter-than-expected US inflation data.
A union boss has claimed the two miners who became trapped underground should not have been “doing that task in that mine”.
Low but rising unemployment and plunging commodity prices could mean less room for cost of living relief come the May budget.
Low but rising unemployment and plunging commodity prices could mean less room for cost of living relief come the May budget.
Snapping a two-day winning streak, Australian shares sank on Thursday.
Victorian Premier Jacinta Allan promises she did not get all her views on nuclear power from The Simpsons and Mr Burns’ radioactive power plant.
Victorian Premier Jacinta Allan promises she did not get all her views on nuclear power from The Simpsons and Mr Burns’ radioactive power plant.
A video about female apprentices entering the mining industry has been met with backlash by men. Women have a powerful message for the haters.
Local shares rose on Wednesday, led by retail and bank stocks, after a positive lead from Wall Street.
Australia’s future was riding on one decision from Beijing – and it’s not gone our way. The country’s cash cow may have just died.
Beleaguered miner Core Lithium has announced two key resignations, as mining operations remain shelved at its flagship project.
Beleaguered miner Core Lithium has announced two key resignations, as mining operations remain shelved at its flagship project.
The Australian market was quiet as investors waited for key US inflation data, which will provide fresh insight on where the Fed Reserve moves on rates.
On the three-year anniversary of Jakob Stausholm’s appointment, a repurposed Rio Tinto is starting to take shape.
With all sectors posting declines, the local benchmark slumped to its lowest level in four weeks on Tuesday.
An investigation has been launched after a young man died after being critically injured at one of Australia’s largest coal mines.
The budget bottom line is set to benefit from billions of dollars in extra tax collections due to iron ore prices, economist predict, which will likely deliver a second surplus for the Albanese government.
One state is facing a massive economic blow after a major mining company announced its refinery would gradually close.
One state is facing a massive economic blow after a major mining company announced its refinery would gradually close.
An acceleration of inflation in the United States and an escalation of tensions in the Red Sea pushed the benchmark lower on Friday.
Interest rate sensitive stocks buoyed the benchmark on Thursday as softer-than-expected inflation data helped offset losses in the mining sector.
Despite a cooler than expected inflation reading for November, the share market lost ground on Wednesday as iron ore miners dragged the benchmark lower.
A major refinery employing hundreds of Aussies will be shut down and its 800-strong workforce will be reduced to about 50.
A major refinery employing hundreds of Aussies will be shut down and its 800-strong workforce will be reduced to about 50.
After a four-session slide, the local share market found momentum on Tuesday with all sectors bar energy finishing in the green.
The local benchmark continued to lose ground amid continued uncertainty over the timing and depth of rate cuts.
After posting strong gains in November and December, the local share market is off to a rocky start in 2024.
A privately held coal company has slipped into administration just two days after Christmas, putting the livelihoods of about 300 people at risk.
A privately held coal company has slipped into administration just two days after Christmas, putting the livelihoods of about 300 people at risk.
Fears that central banks will not cut interest rates as aggressively as anticipated stoked a broad selloff on the benchmark on Wednesday.
The share market finished higher in its first day of trading for 2024, with the benchmark index just five points away from reaching its all time high.
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The local benchmark sank in its final session of the year, as investors looked to lock in some profits to cap off a solid December run.
Australian shares continued to advance on Thursday as a rally in the materials sector pushed the benchmark to close just 14.6 points below its record high.
In its first trading session after Christmas, the share market rallied on Wednesday as iron ore miners tracked gains in commodity futures.
Despite gains in energy and real estate stocks helping to offset a drag in consumer staples, the sharemarket finished flat on Friday.
The local share market lost ground on Thursday, as profit taking by traders led to a sell off in technology and real estate stocks.
Australian shares advanced on Wednesday, as a record breaking session on Wall Street helped propel the local market to just 1.2 per cent below record levels.
Original URL: https://www.adelaidenow.com.au/business/companies/mining/page/4