What the Fed Hold Means for ASX Investors
The Federal Reserve held rates steady for the second meeting in a row, and the ASX 200 fell 1.7% to around 8,494 in response. Wall Street sold off, too. The Iran war has sent oil above US$110 a barrel, and that has made it harder for the…
Market news
What happened in the Middle East, sending oil prices higher
US and Israeli forces launched joint airstrikes on Iran on 28 February, triggering a broad wave of disruption across the Middle East’s energy infrastructure. Since then, tanker traffic through the Strait of Hormuz has slowed to a near standstill, while Iran has responded with drone…
An FID (Final Investment Decision) has been made on Core Lithium's (ASX:CXO) Finniss Lithium Project. With this news, and the securing of a US$120m/A$170m funding package, it is a great day to be a Core Lithium shareholder.
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Recap of Core…
RBA Hike: What It Means for ASX Stocks
The Reserve Bank of Australia has raised the official cash rate by 25 basis points to 4.10%, its second consecutive hike in as many months. The decision was made by a single vote, with five board members voting to increase the rate and four voting to leave…
RBA Lifts Rates as Oil Shock Reignites Inflation Fear
The Reserve Bank of Australia raised the cash rate by 25 basis points to 4.1%, a move that was widely expected by the market. The main driver was the resurgence in inflation, which has worsened following the outbreak of the Iran war and the sharp rise…
Oil Above US$100 Has Markets Repricing Risk Fast
It looks like there is a strong chance the ASX has another big red day after Wall Street sold off sharply again, with oil prices continuing to rattle markets as the US-Iran conflict escalates. This is not just another weak session for investors. It is a broader…
In a couple of weeks, some ASX Stocks Are Being Removed from the ASX All Ords. Other companies will take their place and it was only yesterday that we wrote about that fact and some of the companies being promoted. But today it is time to look at the stocks suffering the indignity of being…
14 Ships Hit, Oil Spikes, The Strait Is the Story
The US and Israel have now been conducting military strikes against Iran for two weeks in what is being described as the biggest military operation since 2003.
The conflict is severely disrupting global energy markets. The International Energy Agency has authorised its largest ever emergency oil…
Why Rate Hike Bets Just Jumped
Australia’s major banks and economists are rapidly repricing their interest rate expectations, with NAB and Westpac now forecasting two rate hikes in March and May. If that plays out, the official cash rate would rise from 3.85% to 4.35%.
The main driver behind this shift is the sharp rise in…
ASX Bounce Looks Fragile Despite Trump's Iran Remarks
The ASX 200 climbed 1.1% to close at 8,692.6 on Tuesday after US President Donald Trump told CBS News he believed the Iran conflict was "very complete, pretty much," sparking a wave of relief buying across the broader market. The big four banks led the charge, each…
