The ASX has mirrored the US indices performance today as Wall Street tumbled more the 3% overnight. The ASX200 hit a new 23-month low shortly after trading began this morning, shedding over 100 points.
Galileo Mining’s share price rose by 23.33% yesterday after outstanding cobalt extraction results from Norseman. But things quickly settle as investor excitement come back down to earth, to levelled out share price to $ 0.18,…
Over the last month of trading, iron ore prices have dropped 8.5%. This comes after a recent sell-off tied to a downturn in China’s economic growth.
One week after their comeback to the ASX, Coles Group Limited [ASX:COL] share price today fell flat on the back of its demerger from Wesfarmers, as it plans to revitalise the brand. But after a…
At time of writing, Coca-Cola Amatil Limited [ASX:CCL] shares are trading at $8.68 apiece. This marks a 14.06% drop from yesterday’s closing trade price of $10.10.
TNG Limited’s [ASX:TNG] share price fell 1.87% today, trading at 10 cents after the company released poll results from its general meeting this morning. TNG’s shareholders took to the polls to remove Mr Rex Turkington…
Iron ore prices clawed their way back for the second consecutive session on Wednesday, following its fall on Monday’s night session.The uplift in Chinese steel futures was generated by bulk fuel buying in commodity contracts.
Oil prices have been falling for seven consecutive weeks. On Friday, US oil slid 8%, while the global benchmark for oil prices (Brent crude) was down 6.6%, down to $60 per barrel.
It seems property prices could decline as much as 20% from peak-to-trough across housing in Sydney and Melbourne, as ANZ revises it forecast.
Last week we saw property prices continue to drop across most of Australia’s mainland state capitals, but the rate of these declines were still less severe than what we have seen in recent months.
Iron ore prices bounced back on Thursday after falling steeply earlier in the week. Spot markets rose on Thursday with the price benchmark of 62% increasing to $76.27 a tonne, a 1.3% surge which moved…
Lendlease Group’s [ASX:LLC] share price has taken a sever hit at the start of trading this morning. At time of writing, LLC is down 15.19%, losing $2.65. Currently the share price is at $14.80.
Forecasts for iron ore prices have long since pointed towards a massive decline. Chinese iron ore futures fell sharply yesterday in overnight trading, completely undoing earlier increases. Meanwhile, spot prices were unavailable on account of…
Losses were recorded in both lower and higher grades of iron ore on Friday, totalling three consecutive days of declines for the first time since late April. The price of benchmark 62% fines slipped to…
Coming into effect yesterday was China’s new high strength rebar standard, which is set to incorporate more vanadium in its steel rebar. In the last two years alone, vanadium has spiked over 840% in part,…