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Australian materials sector surges despite economic slowdown
Australian materials sector thrives with record ASX highs; gold exports surge, while lithium rallies amidst economic concerns.
Australian materials sector thrives with record ASX highs; gold exports surge, while lithium rallies amidst economic concerns.
The Australian materials sector is showing surprising strength, with the ASX Materials Index hitting a new record high despite a weak earnings season. Investors are returning to miners even as profits soften, driven by confidence in long-term commodity demand.
Gold remains a standout, with exports forecast to reach $60 billion next year — a $12 billion increase — cementing its place as Australia’s second-largest export earner. Prices near US$2,400 per ounce have kept margins strong for producers like Newcrest and Northern Star.
Meanwhile, lithium is rebounding with its strongest rally since 2023, and small-cap miners are outperforming larger players. However, economists warn that a potential rate cut in December signals slowing growth and underlying cracks in the broader economy.
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#ASX #Mining #Gold #Lithium #Economy #Australia #Markets #TickerNews
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Tech stocks on edge ahead of Nvidia
Nvidia’s earnings report could impact tech sector trends, prompting analysis of profit-taking versus deeper market concerns.
Nvidia’s earnings report could impact tech sector trends, prompting analysis of profit-taking versus deeper market concerns.
With Nvidia’s crucial earnings on deck, expectations are sky-high and the outcome could set the tone for the entire tech sector.
Chris Weston from Pepperstone breaks down whether this rotation signals simple profit-taking or deeper market concerns.
#TechStocks #Nvidia #Markets #Investing #FinanceNews
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U.S. House forces release of Epstein files after Trump shift
House votes to release Epstein files after Trump’s stance shift, as victims rally and Senate vote approaches. #EpsteinFiles
House votes to release Epstein files after Trump’s stance shift, as victims rally and Senate vote approaches. #EpsteinFiles
The U.S. House has overwhelmingly voted to mandate the release of Justice Department files tied to Jeffrey Epstein, following a sudden shift in stance from President Donald Trump.
Victims rallied outside the Capitol as bipartisan criticism intensifies and the resolution heads to a swift Senate vote.
#EpsteinFiles #USPolitics #BreakingNews #Congress #Trump
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Trump’s approval rating hits lowest point amid concerns
Trump’s approval plummets to 38% amid cost of living concerns and Epstein files backlash
Trump’s approval plummets to 38% amid cost of living concerns and Epstein files backlash
– Trump’s approval rating has dropped to 38% due to concerns over costs and the Epstein investigation.
– Only 26% of Americans approve of Trump’s handling of everyday expenses amidst rising inflation.
Poll findings show Trump’s overall approval has declined two points since early November. He began his second term with a 47% approval rating, now nearing lows seen during his first term. Biden’s approval fell as low as 35%, reflective of economic discontent.
Republican Support Wanes
Trump’s approval rating among Republican voters is now 82%, a decrease from 87% earlier this month. The perception that he is not adequately addressing living costs is a significant concern, contributing to reduced popularity among constituents. Notably, only 20% approve of Trump’s handling of the Epstein case, with 70% believing the government is withholding information.
Trump’s economic strategy, which included tax increases on imports, has been criticized for contributing to rising prices. As midterm elections approach, his declining popularity may pose challenges for Republican candidates in upcoming races.
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