In today’s Money Weekend, Jerome Powell’s less hawkish stance on raising rates has triggered a buy signal in the markets. The short-term uptrend is starting to morph into a medium-term uptrend. Watch the ‘Closing Bell’ video to see my analysis of the gold price and the reasoning behind my Newcrest Mining tip.
While oil markets rallied off of easing Chinese COVID restrictions and depleting US crude stockpiles, Woodside Energy Group [ASX:WDS] hosted an investor briefing, highlighting and updating the company’s direction at this ‘critical time.’
Online furniture and homewares seller Temple & Webster [ASX:TPW] addressed investors at its annual general meeting earlier this morning, revealing sales had fallen 14% in the last quarter
ASX expected to open strongly after Wall Street rallied overnight on Powell comments. The S&P 500 ended Wednesday above its 200-day moving average for the first time since April.
Medical diagnostics provider Sonic Healthcare [ASX:SHL] has made the decision to invest $17.8 million into precision microbiome tech company Microba for a deal that would see it acquire a 19.99% stake in the company.
Collins Foods [ASX:CKF], a restaurant operator linked to fast food chains KFC, Taco Bell, and Sizzler, reported a statutory net profit after tax (NPAT) of $11 million for the half-year, down from the $26.4 million reported in 2022.
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