Category: News

Positive inflation data from the US overnight sparked a rally on Wall Street. The Nasdaq led the index group with 2.4% of gains, followed by the S&P 500 with 2.1% and the Dow Jones with 1.4%. ASX 200 futures were up around 1.3% at 7am AEDT, and the Australian dollar surged to above US$65c.

Pitt Street Research has released an equity valuation report on clinical stage oncology company Prescient Therapeutics (ASX: PTX) that outlines a prosperous and swift path to market for their most advanced asset, PTX-100, while highlighting the utility of PTX’s cell therapy platforms OmniCAR and CellPryme.

The Melbourne Spring Racing Carnival has wrapped up for another year, with four big days of punting, fabulous outfits and, most importantly, elite horse racing.

They thought they would be flush with cash, but they were caught with their pants down instead.

Every second week we invite a leading fund manager to present at The Insider: Meet the Fund Manager. In October, East 72’s Andrew Brown selected Vivendi (EPA: VIV) as one of his favourite stocks, sharing some of his thoughts on…

Another rate rise by the RBA on Melbourne Cup Day which took the cash rate target to 4.35% saw the Australian dollar and bond yields tumble. Investors were wrong-footed by the RBA’s softer-than-expected stance, as it signalled that while it would be willing to hike further if required, it is reluctant to do so unless absolutely necessary.

The two months leading up to Christmas are often critical for Australia’s retail sector, and this year is no different, with pre-Christmas spending in 2023 tipped to edge in line with last year’s results.

We’ve all seen questionably behaved kids at restaurants before, but this U.S. eatery has taken things a step further than most.

Every second week we invite a leading fund manager to present at The Insider: Meet the Fund Manager. In October, East 72’s Andrew Brown selected Vivendi (EPA: VIV) as one of his favourite stocks, sharing some of his thoughts on…

Wall Street had a decent night in the lead up to the Fed’s interest rate decision, as some more economic data came in largely in line with expectations, spurring hope of the Fed holding its monetary policy again for the time being.

The global share markets appear to be correcting as the ASX on Monday dropped below the one-year lows briefly touched last week, closing 54.5 points, or 0.8%, lower at 6772.9.

In light of the strong long term outlook on rare earth elements due to their critical position in the green transition, Reach Markets have written a Rare Earths Explained review. This industry review delves into what rare earths are, where they come from, their place in net zero ambitions and geopolitics, key ESG considerations and supply/demand factors.