1 October we become SureStone CapitalSame team, same ABN. Our website and email addresses move to surestone.com.au.
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The market is seeing positive momentum with Wall Street's gains leading the charge. Banks are performing well, and the mining sector is also strong despite a recent sell-off in iron ore.
BHP (ASX: BHP) and Rio Tinto (ASX: RIO) both rise 1.5%. Tech consumer and bank shares benefit from economic optimism.
The Albanese government's fourth budget prioritises cost of living support with over $17 billion in tax cuts and significant investments in health and infrastructure. Support measures include electricity rebates and lowered PBS drug prices. Additionally, $1.2 billion is allocated for disaster relief post-Cyclone Alfred.
Paladin Energy (ASX: PDN) faces challenges with weather-related disruptions at its Namibia mine but expects production recovery. It posts a maiden interim profit of $3 million, aiming for full-year positive net profit.
Fleet Partners (ASX: FPR) forecasts a net profit boost, driven by a transformation program aiming for $6 million in cost savings.
