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13:48 Thu 01 Jul 2021 S&P/ASX 200 dips on the first day of FY22 after closing out its best year on record OPEC+ may discuss on Thursday about extending the current oil production cuts beyond its original end date of April 2022. The crude oil price is near multi-year highs and recorded its seventh monthly gain in the past eight months. S&P/ASX 200 (INDEXASX:XJO) has slipped 0.48% to 7,277.6 following mixed moves overnight on Wall Street, with the S&P 500 hitting another record high while the Nasdaq fell 0.2%. The local index has surged 24% in the last 12 months for its best year on record. ....
S&P/ASX 200 dips as new COVID-19 cases in NSW continues to grow Gold prices gained 0.1% to US$1,781.19 per ounce on Monday as tamer-than-expected U.S. inflation data allayed fears of an early monetary policy tightening by the US Federal Reserve. The US Fed’s preferred inflation measure, the personal consumption expenditures price index, rose 3.4% from a year ago, in line with Wall Street estimates. S&P/ASX 200 (INDEXASX:XJO) slipped 0.11% to 7,300 points by about 12.55 pm as NSW recorded 18 new Covid-19 cases in the 24 hours to 8 pm last night, bringing the total number of infections in the Bondi cluster to 130. ....
S&P/ASX 200 hits 15-month high as material, banking shares surge Companies S&P/ASX 200 hits 15-month high as material, banking shares surge Brent crude oil prices rose by 25 cents to US$69.12 a barrel on Thursday, helped by strong U.S. economic data that offset investors’ concerns about the potential for a rise in Iranian supplies. The U.S. job market edged closer to its pre-pandemic self as initial jobless claims totalled just 406,000 for the week ended May 22. S&P/ASX 200 (INDEXASX:XJO) rallied as much 1.25% to 7,183 points earlier today, its best level since February 20, 2020. The materials sector was leading the gains with financials, energy, industrials and consumer staples also lending support. ....
Ora Banda Mining (ASX:OBM) continues gold exploration in Q3 SubscribeBe the first with the news that moves the market Ora Banda Mining (OBM) has spent the March quarter undertaking work at its West Australian gold projects Open pit mining continued at the Riverina Project with nearly 16,500 metres of reverse circulation in pit grade control drilling completed A total of 1.18 million bank cubic metres was mined with the northern half of the project now subject to drill and blast activities At the Davyhurst project, Ora Banda restarted the Davyhurst processing plant and recommenced underground mining operations at the Golden Eagle deposit ....