State of the States: Victoria jumps ahead of the states and territories to top the leader board. Find out how the state and territory economies are faring
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Lake Resources $LKE was the best performer today, after it rose by 14.5% (best day in nearly a month). Sayona Mining $SYA & Pilbara Minerals $PLS closely followed with gains of 13.3% & 12.3%, respectively.
The ramp up in the number and value of fixed rate loans rolling off low fixed rates on the CBA book began in April. The gap between the cash rate when these borrowers took out their loan and the current cash rate continues to widen.
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@CommSec
Good morning - Iron ore prices have continued to surge to new record highs, up $16.80 or 7.9% to US$229.55 per tonne (CFR Tianjin port). Source: Refinitiv
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[VIDEO] Executive Series: Coolabah Capital Investments CIO,
@cjoye
speaks about the outlook on inflation, interest rates and his views on central bank policy. Watch the full interview here
State of the States: Victoria is Australia’s best performing economy for the first time since April 2020. Find out how the other states & territories are faring
Iron ore surges to new record highs, up $10.10 or 5.0% at US$212.75 per tonne (CFR Tianjin port). Over the week iron ore rose US$26.30 a tonne or 14.1%.
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#Ironore
Sayona Mining $SYA announced a significant expansion to its lithium footprint, following drilling at its Moblan Lithium Project in Quebec. "It will deliver even more speed and more tonnes faster. This will put us on a fast‐track to production, potentially as early as 2027".
Younger Australians in their mid-to-late-twenties have pulled back on spending more than any other age group, while those over 65 continue to spend above the rate of inflation according to the latest CommBank iQ Cost of Living Insights Report.
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The
#ASX
200 has recorded its largest swing on record, turning around a 430pt or 8% decline at session lows to close 234pts or 4.4% higher at 5539. That's a 666pts turnaround! Biggest improvements for health, retail & energy stocks
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Good morning, the iron ore futures price lifted US$9.14 or 6.1% on Friday to US$159.98 a tonne on Chinese mill re-stocking. Iron ore gained US$9.81 or 6.5% last week.
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[VIDEO] Executive Series:
@ArgosyMinerals
Managing Director, Jerko Zuvela discusses $AGY's Rincon lithium project in Argentina, including its recent PEA results & its upcoming milestones
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Iron ore; having eased in the previous day, prices have surged to a new record high, up $4.20 or 1.8% to US$233.10 per tonne (CFR Tianjin port).
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The RBA raised the official cash rate by 0.5% at its June meeting. This is the biggest lift in 22 years and the first back-to-back increase since 2010.
In our latest Executive Series interview we sat down with
@cjoye
from Coolabah Capital to chat about wide range of issues including recent collapse of banks, the risks in the bond market, the fight to tame inflation and the likelihood of a global recession
Amongst the best performing stocks this week, Pilbara Minerals $PLS, Core Lithium $CXO and Lake Resources $LKE take the top 3 positions, climbing by 26.8%, 24.1% and 22.2%, respectively.
Argosy $AGY has increased its ownership of the Rincon
#lithium
project, based in Argentina, to 77.5% with AGY looking to ultimately hold a 90% in the project
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Pilbara Minerals $PLS released results of its latest BMX auction. A cargo of 5,000dmt was presented for sale and it intends to accept the highest bid of US$7,805/dmt. This equates to a price of ~US$8,575/dmt incl. of freight costs
The headline Melbourne Institute inflation gauge rose by 0.2% in August to be 6.1% higher on a year ago (prior: 5.4%). The trimmed mean measure was up just 0.1% in August with the annual growth rate accelerating from 5.1% in July to 5.7% in August.
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@CommSec
The Melbourne Institute Inflation gauge rose by 0.2% in the month of August with the annual growth rate accelerating from 5.4% in July to 6.1% in August.
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@CommSec
The financials sector hit an all-time high, supported by gains from the major banks. $CBA hit a record high of $131.70. $NAB at a ~9-yr high of $36.96.
Lake Resources $LKE Ford Motor Company sign non-binding agreement to negotiate approximately 25,000 tonnes per annum of lithium offtake from the Kachi Project.
Australian fast food chain Guzman y Gomez will aim to raise $242.5 million in a June IPO, according to a company statement on Friday. The company will sell 11.1 million shares at $22 each which will value the Mexican food chain at $2.2 billion.
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The average Australian loan size for owner-occupier dwellings (homes) rose by 1.7% to a record high $636,597 in June, up 9.7% compared with a year ago.
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