The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

The ASX200 is already down 2.7 per cent so far this week and the slide’s set to continue today.

Futures are suggesting the index will fall close to another third of a per cent, which would extend the week’s falls to 3 per cent.

US markets were mixed: The S&P500 shed 0.2%, the Nasdaq was down 0.1%, while the Dow Jones was up 0.17%.

New Zealand’s inflation data will be out today and late in our session UK numbers will also land.

In stocks to watch: Gina Rinehart has upped her stake in Lynas Rare Earths (ASX:LYC) to more than 5.8 per cent. At this point in time, Lynas is considered the rare earths’ leader outside of China.

The Bank of Queensland (ASX:BOQ) has released half yearly results to the end of February, showing a net profit after tax of $172 million, down 33 percent on the same period in 2023. It’s dividend will also be 3 cents lower at 17 cents.

Rio Tinto (ASX:RIO) has released an operational update upholding its 2024 guidance across all production divisions and cost predictions.

And Sky City Entertainment Group (ASX:SKC) has appointed a strategic advisor from Aristocrat Leisure (ALL) Jason Walbridge to be its new CEO from July.

One Aussie dollar is buying US64 cents. Gold is holding just below US$2385, iron ore is also steady at around US$106.

Brent oil has dropped to just below US$90 a barrel, and natural gas is around US$1.68 per million British thermal units.

More From The Market Online
The Market Online Video

Altech taps investors for $3.7M as EU lithium plans evolve into shape

Altech Batteries (ASX:ATC) announced on Tuesday its successful share purchase plan, raising $3.7M to progress its…
The Market Online Video

Market Update: ASX dips 0.2% with energy in focus in Perth

It’s been a busy day at the Australian Energy Producers conference in Perth, where the morning’s guest speakers included resources minister Madeleine King
The Market Online Video

Market Open: Direction shift despite Nasdaq record lift

The ASX200’s set to change direction this morning, dropping down about a quarter of a per…

The High Fiving ASX oil and gas stock star champions are…

The top five ASX oil and gas companies over the past five years were Pancontinental, Melbana,…