Iron ore, copper futures, AUD down after China’s underwhelming economic update. RBA’s ‘step down’ in hawkishness evident in September minutes, but deputy governor Andrew Hauser says inflation job’s not done yet.
Rio Tinto’s takeover approach lifts Arcadium Lithium appeal. West African Resources drops on Burkina Faso mining concerns. Qantas may avoid second strike after proxy backing.
US President Joe Biden triggers oil price jump. Mesoblast top gainer. Sinopec wants price review on APLNG deal. Platinum grants Regal access for higher offer. Ratings upgrade for Cochlear. Optimism underpinning latest Bendigo Bank, UBS forecasts.
The Mexican fast-food chain has been added to the sell basket over its ‘overly ambitious’ store expansion plan, ‘inappropriately’ pegged stretched valuation and a stock overhang.
Property giants lift on ‘cheaper debt outlook’. Santos down despite oil price spike. Origin loses ground after abandoning hydrogen plans. Sell rating weighs on ‘overly ambitious’ Guzman y Gomez. IMF backs RBA’s tight stance.
Oil, gold stocks jump on Middle East conflict escalation. Jobs to go in Country Road restructure. SiteMinder insider’s $85.4m selldown. Kennett to retire after juice company merger. CEO changes at Collins Foods, KMD. CBA shuffles top deck.
August retail sales data due as house prices tick up. Qatar Airways to buy stake in Virgin. Star auditors raise red flags. US Fed chair strikes upbeat note on the US economy. Chinese stocks mark best day in 16 years.
Billionaire Gina Rinehart-backed lithium producer Liontown Resources’ first shipment of concentrate from its flagship Kathleen Valley operation has left Australia for China.
BHP and Rio lead iron ore gains as billionaire-run Fortescue and MinRes also lift. Richard White’s WiseTech up after founder’s $46m selldown. Star hit with downgrades. Key Pacific Smiles shareholders reject Genesis bid. AUD above US69c.
The ASX 200 index closed flat after a choppy session at 8212.20 points as banking and healthcare falls offset strong gains among the miners.
Original URL: https://www.adelaidenow.com.au/journalists/valerina-changarathil