Market Review Australian shares narrowly missed closing at a record high on Friday as traders awaited key US jobs data, which could provide clarity on the potential for further interest rate cuts by the Federal Reserve.$S&P/ASX 200 (.XJO.AU)$closed 9.3 points, or 0.11%, lower at 8,511.40 points in a volatile session. The index slipped 0.24% over the week, fallin...
With strong U.S. employment and economic data boosting the US dollar, and rising rate cut expectations for the RBA, the AUD/USD has been on a persistent downtrend since October, 2024. That decline deepened following the macroeconomic data released by both the U.S. and Australia last week. Last Friday, U.S. non-farm payrolls for December came in at a robust 256,000, well above market expectations, while the unemployment r...
Even though the Aussie copper producers got hit with some price target and earnings forecast cuts, Macquarie's got a silver lining in the clouds ☁️. They're saying this recent dip in stock prices is like a gift-wrapped sale sign 🎁 for smart buyers like us! Why? Because the big guys in the game are eyeing this pullback as a prime opportunity to stock up 🛍️. "No brakes on the copper M&A train 🚀, folks! The majors are still trading, and those acquisition premiums are pointing straight to long-term ...
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