Tag: mining stocks
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ASX rally boosts confidence as banks and miners lead gains
Australian shares rise as banks and miners lead the session The Australian sharemarket finished higher on Wednesday, with the S&P/ASX 200 advancing about 1% as investors shrugged off external jitters and rotated into the country’s heavyweight sectors. Traders focused on financials and mining names, the two pillars of the local market, which carried the index…
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ASX Rises as Banks and Miners Lead Broad Market Rally
Australian shares steady gains as banks and miners push higher The Australian sharemarket closed higher on Wednesday, with broad strength across financials and resource stocks helping the S&P/ASX 200 rise by 91.5 points, or about 1%, to 8,990.90. The rally followed a modest advance on Tuesday and came as investors looked past jittery global headlines…
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RBA Governor Michele Bullock Faces Senate, ASX Slips as Gold and Oil Tread Water
RBA Governor Michele Bullock Testifies at Senate Estimates Australia’s central bank was back in the spotlight as RBA Governor Michele Bullock faced questions at the Senate Estimates hearing on Friday. The session focused on monetary policy transmission, housing affordability, and the risks around government guarantees in the First Home Guarantee scheme, drawing direct lines between…
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FTSE 100 Slips as Gold Pullback and Easing Geo- tensions Weigh on London Markets
FTSE 100 Faces a Mixed Morning as Gold and Defence Stocks Retreat The London market started Friday with modest declines as gold prices pulled back from their recent highs and investors weighed the impact of easing tensions in the Middle East on defence stocks. The FTSE 100 hovered around the 9,500 level, with sentiment cautious…
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FTSE 100 Dips as Gold Pullback and Easing Gaza Tensions Weigh on Markets
FTSE 100 slips as gold loses momentum and defence stocks retreat The FTSE 100 gave back some of Friday’s gains as gold prices cooled and easing geopolitical tensions in the Middle East dampened demand for defence stocks. By mid-morning, London’s blue-chip index was hovering around 9,498, down modestly as miners and energy shares weighed on…
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FTSE 100 inches lower as gold cools and defence stocks retreat amid Gaza ceasefire prospects
FTSE 100 trades lower as gold eases and defence names pull back The London stock market edged lower on Friday, with the FTSE 100 drifting around the 9,500 level as gold prices retreated from recent highs and defence stocks came under pressure amid softer Middle East tensions. By mid-morning, the Footsie sat about 11 points…