Market Reports

• Australian Market Report: The Australian sharemarket staged a relief rally on Thursday. The S&P/ASX 200 closed 104.80 points, or 1.2 per cent, higher at 8552.70. .... [more]

• U.S. Market Report: Wall Street's main indexes lost ground on Thursday, as early enthusiasm driven by Nvidia's earnings faded with investors questioning lofty valuations in the technology sector, while jobs data clouded the outlook.... [more]

• European Market Report: European stocks may open on a buoyant note Thursday, with tech stocks likely to be in focus after Nvidia forecast fourth-quarter revenue above Wall Street estimates and delivered a surprisingly strong revenue forecast, soothing fears.... [more]

• Asian Market Report: Asian stocks rose broadly on Thursday after chipmaker Nvidia delivered stellar third quarter earnings and fourth quarter guidance and struck a confident tone about the durability of the artificial intelligence (AI) cycle..... [more]

Australian Business News

• A breakthrough in long-stalled negotiations over a free trade deal between Australia and the European Union could come as soon as this weekend when Prime Minister Anthony Albanese and EU President Ursula von der Leyen.... [more]

• Reserve Bank of Australia officials have conceded the instant jump in house prices after its first interest-rate cut this year came as a surprise, with home values rising every month since..... [more]

• Real estate agents in Victoria will be required to publish a property's reserve price at least seven days before it goes to auction under a state government crackdown on illegal underquoting..... [more]

• A strong performance from global shares has meant superannuation funds are on track to make solid returns for members this calendar year, despite recent jitters over a potential bubble in technology shares.... [more]

• This AI narrative flip has delivered a 77% takeover windfall. Investors able to identify stocks that successfully transition from “AI loser” to “AI winner” status are striking gold..... [more]

• NVIDIA earnings bonanza sparks stock market revival, as fading uranium price sounds warning for BOE, PDN.... [more]

• Australian property is expensive. Here's how investors are growing wealth elsewhere. With housing harder to reach, Australians can turn to growth-focused portfolios to build wealth on their own terms..... [more]

• The boss of Australia’s second-largest bank has declared AUKUS a “major opportunity” for local businesses while playing down potential ethical concerns from customers about investing in the nuclear-powered submarine endeavour..... [more]

• Marmota Limited has wasted no time unleashing Stage 2 drilling at its explosive Greenewood gold prospect in South Australia’s Gawler Craton, with rigs already chewing fresh rock barely five weeks after its maiden program..... [more]

• The corporate watchdog will consider whether to take further action against one of UK billionaire Sanjeev Gupta's Australian companies, after the NSW Supreme Court knocked back the company's request for more time.... [more]

• 88 Energy lands prime Alaskan oil acreage.... [more]

• QMines continues to shine a light on the scale and quality of the Sulphide City deposit at the Develin Creek project in central Queensland with latest drill results confirming multiple high-grade copper-zinc-gold-silver zones..... [more]

• West Wits Mining has officially hit its stride at the company’s Qala Shallows gold project in South Africa, delivering a string of operational wins backed by a fresh US$12.5 million (A$19.2M) cash injection from the US-based.... [more]

• Auric Mining has swooped on the Lindsay‘s gold project near Kalgoorlie after finalising its acquisition via the execution of a sales agreement seizing majority control of the tenements just a day before a Warden’s Court.... [more]

• Orthocell (ASX:OCC) has seen its share price jump on Thursday as the company unveils its latest early-stage successes observed in Australian prostate surgery patients who use nerve repair product Remplir..... [more]

• Sonic Healthcare Shares (SHL) Surge After AGM, Driven by Strong FY25 Results.... [more]

• AFT Pharmaceuticals jumps +10% on $115M interim FY26 record revenue.... [more]

• An estimated US$2.5 billion in cryptocurrency has fallen victim to scams just in the year-to-date and the average loss per crypto crime has jumped by 170 per cent year-on-year, reflecting the increasing size and sophistication of scams.... [more]

• Analysis - David Speers: CSIRO cuts highlight which jobs government protects in national interest.... [more]

• Opinion - Matt Grudnoff: The Wage Price Index shows pay packets are up. So why doesn’t it feel that way?.... [more]

World Business News

• U.S. trade deficit drops 24% in August as Trump’s tariffs reduce imports.... [more]

• Big swings keep rocking Wall Street, and U.S. stocks erased a huge morning gain on Thursday as skittishness continues to dominate the market following weeks of doubts and erratic moves..... [more]

• Morgan Stanley on Thursday scrapped its forecast that the U.S. Federal Reserve would cut interest rates by a quarter-point at its December meeting after a firm September jobs report showed signs of a resilient economy..... [more]

• The average rate on a 30-year U.S. mortgage edged higher for the third week in a row, though it remains close to its low point this year. The average long-term mortgage rate ticked up to 6.26% from 6.24% last week.... [more]

• Global tech shares surge as Nvidia's AI boom powers market rally.... [more]

• Nvidia’s sales of the computing chips powering the artificial intelligence craze surged beyond the lofty bar set by stock market analysts in a performance that may ease recent jitters about a Big Tech boom turning into a bust.... [more]

• What AI bubble? Here's your official Nvidia's earnings report scorecard..... [more]

• Nvidia Calmed Fears About A.I. How Long Will That Last? The chipmaker at the center of the artificial intelligence boom reported blowout results. But that hasn’t resolved some key questions behind the tech rally..... [more]

• Walmart is proving to be America’s antidote to the cost of living crisis. A growing number of Americans are heading to Walmart for groceries and clothing as inflation and high prices squeeze their budgets.... [more]

• Forget Musk's latest pay package, his last one could wipe out years of Tesla profits.... [more]

• Google unveils Nano Banana Pro for advanced image generation.... [more]

• Cracker Barrel shareholders voted Thursday to keep company CEO Julie Felss Masino in place despite a debacle over the company’s logo that continues to hurt its sales..... [more]

• Hedge funds and other big investors challenging 3G Capital’s $9.4 billion purchase of Skechers USA Inc. in court failed to reach an early settlement with the footwear maker as the fight over the deal price forges ahead.... [more]

• Starbucks must face shareholder lawsuit over surprise sales decline.... [more]

• Sterling edges up, Britain's upcoming budget in focus.... [more]

• UK to Create New Fast-Track Residency Path for High-Earners.... [more]

• British manufacturers reported the sharpest fall in output since August 2020 during the three months to the end of November, due to uncertainty ahead of next week's annual budget.... [more]

• Asda is selling off 24 stores and a distribution centre – and leasing them back – to raise £568m in what has been called a “sign of weakness” as sales at the heavily indebted retailer continue to fall..... [more]

• UK is worst-performing market for JD Sports as youth unemployment hits sales.... [more]

• Italy’s Juventus Football Club SpA has kicked off a stock sale in a bid to top up cash. The Milan-listed club is offering 37.9 million new shares in an overnight placement with investors that’s set to increase its share capital by 10%,.... [more]

• The northern English city of Manchester on Thursday launched a 1 billion-pound ($1.31 billion) fund to invest in housing and employment projects, marking a major step in Britain's process of devolving power to its regions..... [more]

• Ermotti Says Talk UBS Threatening to Leave Switzerland ‘Absurd’.... [more]

• China, India banks and refineries moving to comply with Russia sanctions, US official says.... [more]

• Xi Risks Global Blowback If China Cuts Off Rare Earths for Japan.... [more]

• AI moment of truth arrives as Asia chip stocks rally on good news. Exposed: a divide between firms that can convert investment into real earnings power and those that rely on distant assumptions.... [more]

• Chinese tech giants from Kuaishou to Tencent reap early gains from big AI bets.... [more]

• Xiaomi, one of Tesla’s biggest challengers in mainland China over the past year, pledged to focus on the safety and reliability of its cars after its factory reached another milestone..... [more]

• Japan Is Set to Unveil Largest Spending Plan Since Pandemic Era.... [more]

• India’s infrastructure output (ININFR=ECI), was unchanged in October from a year earlier, its weakest performance in 14 months, as declines in coal, crude oil and electricity.... [more]

• IMF sees 6.5% GDP upside if Pakistan fixes corruption, governance.... [more]

• Comment - David Goldman; Alicia Wallace; Matt Egan; Wait, I thought the economy was terrible. What happened? Entering this week, the perception of America’s economy was overwhelmingly negative. But.... [more]

• Opinion - John Authers: It's OK, Nvidia Says There's No AI Bubble. Everything looks great to Jensen Huang, but his vantage point is one of a kind..... [more]