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Stockhead ASX Small Caps Lunch Wrap: Wednesday, 29 May 2024
Local markets were down again this morning, with the benchmark dropping sharply at open to be around -0.75% at lunchtime, as the market digested some unpleasant news from the ABS about the Consumer Price Index.
ASX takes a 1pc hit as inflation spooks; IMF bullish on China
Aussie stocks fell 1pc on rising inflation. IAG hit by class action lawsuit. IMF ups China’s growth forecast to 5pc.
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ASX Small Caps Lunch Wrap: Thursday 30 May, 2024
Local markets have completed a worrisome trifecta this morning, losing ground for the third session in a row after a woeful effort on Wall Street overnight set the stage for more losses.
St George carves out $38m niobium deal
After more than US$3.5 TRILLION was wiped off the S&P 500 overnight, niobium rises. And wait, is nickel back in vogue?
ASX, Nikkei rise; RBA holds rates at 12-year high
Local investors found relief as the ASX resisted the global markets decline, while the RBA maintained its current policies.
FMG floats into Hyterra, China backs African coal
Hydrogen driller Hyterra gets $21.9m investment from FMG and MC Mining flies on US$90m Chinese investment in South African coal.
Miners boost ASX; WEB tumbles 30%
Miners shot higher but Web Travel Group plunged after a trading update revealed declining EBITDA margins despite increased Total Transaction Value and bookings.
Radiopharm turns dial, finds better tune
Radiopharm Theranostics appears to be emerging from unloved status to that of a genuine contender in the red-hot radiopharmaceutical sector.
Is lithium worth another explore for investors?
Drill results have Tony Leibowitz and John Young’s lithium play Astute Metals on the up; White House cash lifts Ioneer and Element 25.
Original URL: https://www.ntnews.com.au/business/stockhead/page/18