The latest news to worry investors is the prospect of a trade war. The big problem here is that the post-Second World War global economy isn’t really designed for balanced global trade. It was for a little while. But as the US began to consume more than it produced in the 1960s, gold started leaving Fort Knox to balance the tab.
These issues impacted Orica’s productivity rate and earnings. Increased competition are forcing higher input prices in the cyanide market, as a result margins are being driven down.
Resources have been the big outperformers since the global bull market got underway in early 2016. Since those lows, BHP’s share price has soared nearly 130% (to the January 2018 peak), while RIO’s isn’t far behind, up just over 126%.
Australia, as an investment destination, suffers from an increase in risk perceptions. Foreign capital is less willing to invest here, or buy debt issued by the banks to fund the mortgages of Aussie battlers. As a result, the Aussie dollar falls. However, the ‘magic’ of a falling dollar is that it increases the purchasing power of foreign currency.
Pilbara Minerals Ltd [ASX:PLS] rose 9.43% today, and is currently trading at 87 cents after closing at 79.5 cents yesterday. What caused the share price rise?
Amongst all the panic and hand-wringing over what the volatility of the past week means, we haven’t heard much about China. Which is kind of crucial, especially for Australia. Put simply (and accurately) if China holds up, Australia will be fine. So, is China holding up?
Aeris Resources Limited [ASX:AIS] dropped by 16.67% early this morning. Why? Find out here...
Argosy Minerals Ltd [ASX:AGY] joined the market resurgence yesterday, rising 20% to $0.325, following a low of $0.27 the previous day.
Since its discovery in 2004 by UK-based researchers Andre Geim and Konstantin Novoselov, researchers have been salivating at the possibilities of the unique material that is graphene. It has applications in nearly every industry, from new ones like batteries and renewables to established industries like microchips and construction. Consider the markets it is set to disrupt.
Deep Yellow Ltd stocks have decreased by 10% this morning.