But the analyst says gold prices could remain supported over March and April as inflation likely picks up and could rise faster than bond yields.
Investors enjoyed their best ASX session since November while Reserve Bank officials intensified efforts to keep bond yields and borrowing costs down.
Ratings agency Moody’s has added to Crown Resorts’ woes, cutting its issuer rating to Baa3 — just one notch above junk status — and revising its outlook to negative.
The prominent Perth businessman says his decision was made in the best interests of Crown and shareholders, despite a NSW probe making no findings against ‘my integrity or performance’.
Singapore-based company 3D Metalforge is set to list on the ASX tomorrow in a bid to tap WA’s booming mining industry.
Crown Resorts is under investigation by the Fair Work Ombudsman for underpaying hundreds of its workers.
MSCI's benchmark for global equity markets slid 1.61 per cent to 656.29 despite its large weighting to the US tech heavyweights.
Japanese shares have slumped after a spike in global bond yields spooked investors already uneasy about the market's stretched valuation.
Hideyuki Sano and Stanley White
Australia’s share market has had its heaviest percentage fall since early September after steep losses on Wall Street.
The rare earths miner is the latest company to repay the JobKeeper wage subsidy for its staff after posting a bigger-than-expected profit.
Kogan has been a massive beneficiary of the online shopping boom, breaking Black Friday sales records and declaring its highest shareholder payout.
Rebecca Le May
The debt recovery company believes conditions are on the improve as lenders resume sales of consumer debt.
The WA company says costly, time-consuming crew changes because of the virus, and the docking of one of its vessels contributed to a bigger interim loss.
Harvey Norman has been a massive beneficiary of the ongoing, pandemic-induced home sprucing trend, and another thing bodes well for its future.
The Tesla founder had previously pleaded with miners to produce more nickel and late last year was rumoured to be in talks with BHP’s Nickel West about a lucrative supply deal.
Yvonne Yue Li
The shipbuilder has trimmed revenue forecasts amid COVID-related program delays in Australasia, reduced support activities in the US and a soaring Aussie dollar.
While corporate Australia is hogging the headlines with results season, an almighty fight is taking place in the shadows between the Reserve Bank and bond traders.
An affirmation by US Fed Chair Jerome Powell that interest rates would stay low for some time led to rises in global stocks.
Hideyuki Sano and Echo Wang
John Klepec’s appointment was announced as the former caravan-maker announced a 40 per cent jump in half-year profit.
The miner and its Pilbara iron ore rivals are riding an unexpectedly strong price rally that has fattened profits and dividends.
Investors on the ASX have enjoyed gains, particularly from mining and energy companies, which flourished most.
State and Federal building grants have enabled residential developer Peet to record a strong half-year and double profit.
The payday lender and pawn chain was hurt hard during COVID-19 by store closures and slumping demand for its loans.
Flight Centre has swung to a half-year net loss of $233.5 million on the back of “unprecedented” travel restrictions, but the company says its fortunes are slowly turning around.
Danielle Le Messurier
© West Australian Newspapers Limited 2020