Articles by Rebecca Torres
PLS Group Shares Tumble 6.8% Amid Broad Lithium Sector Retreat
PLS Group Limited shares declined 6.8% to A$4.80, snapping a recent advance and falling below the A$5 level. The drop coincided with a broader retreat in lithium stocks amid heightened market volatility.
Santos Rises on Oil Rally, Sets Dividend FX Rates
Santos Ltd. shares advanced alongside a surge in oil prices driven by escalating Middle East tensions. The energy producer also confirmed foreign exchange rates for its upcoming US-dollar dividend payment.
Santos Rises on Oil Rally; Dividend FX Rates Confirmed
Santos Ltd shares advanced on Tuesday, buoyed by a third consecutive surge in crude oil prices driven by escalating Middle East tensions. The energy producer also finalized foreign exchange rates for its upcoming US-dollar denominated final dividend.
Fortescue Leads ASX Decline Amid Iron Ore Volatility, China Data Awaited
Fortescue Metals Group underperformed major mining peers on Tuesday, falling 4.49% to A$19.58. The decline comes amid choppy iron ore markets and anticipation of critical Chinese manufacturing data and policy targets.
Fortescue Leads Iron Ore Slump as China Data, Shipping Risks Weigh
Fortescue Metals Group underperformed major miners, dropping 4.49% as iron ore prices softened. Market attention turns to China's manufacturing data and annual policy announcements, with shipping risks adding pressure.
ConocoPhillips Leads Energy Rally as Middle East Tensions Spike Oil
ConocoPhillips shares climbed 4.2% to $118.24, leading U.S. oil majors higher after Brent crude surged 6.7% to $77.74 a barrel due to Middle East supply disruptions. The U.S. government is expected to announce measures Tuesday to address the price shock.
Exxon Gains After-Hours as Iran Tensions Lift Oil; BofA Raises Target
Exxon Mobil shares advanced in after-hours trading Monday, tracking a surge in crude oil prices following military strikes in Iran. Bank of America increased its price target on the stock, highlighting supply disruption risks.
Gold Gains on Middle East Strikes, Dollar Caps Rally
Gold prices advanced Monday following military strikes on Iran, though a rallying U.S. dollar limited the metal's upside. Market focus now shifts to key U.S. employment reports this week.
Gold Gains on Middle East Strikes, Dollar Caps Rally Ahead of Jobs Data
Spot gold advanced 0.4% to $5,297.31 an ounce as geopolitical tensions spurred safe-haven demand, though dollar strength limited the rally. Focus shifts to key U.S. employment reports this week.
SLB Shares Hold Steady Despite Oil Price Surge on Middle East Tensions
SLB shares closed flat at $51.34 as oilfield services stocks lagged a crude rally driven by Middle East supply fears. Market focus shifts to potential changes in producer spending and SLB's upcoming quarterly results.
SLB Shares Hold Steady Amid Oil Price Surge, Market Eyes Spending Signals
SLB Ltd.'s stock showed minimal movement, closing at $51.34, even as oil prices jumped due to Middle East supply disruptions. The market is focused on whether higher crude will translate into increased capital expenditure by energy producers.