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Company Interview / Market Update | Amcor, Google, Fortescue, Red Hawk Mining, BWP, Kelly Partners

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Market Update | Amcor, Google, Fortescue, Red Hawk Mining, BWP, Kelly Partners

Company Interview05 Feb, 2025

Donald Trump and Xi Jinping's upcoming talks dominate the market scene amid China's retaliatory tariffs on US goods. China targets US exports like coal and oil, while Trump's in no rush for negotiations. Google faces potential sanctions, stirring the tech scene.

Gold surges to an all-time high as trade tensions rise. Trump aims to curb Iranian oil exports, yet Goldman Sachs suggests limited impact on prices. Aussie dollar stands at 62.5 US cents. Insignia Financial entertains Brookfield's $4.60/share proposal amid evolving M&A activity.

Amcor (ASX: AMC) reports earnings up 5%, reaffirming full-year guidance. Pinnacle Investment's profit jumps 151%, while BWP (ASX: BWP) and Kelly Partners (ASX: KPG) flag significant income and profit growth. Fortescue (ASX: FMG) eyes Red Hawk Mining (ASX: RHK) acquisition, increasing its bid to $1.20/share.

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Market Update | Amcor, Google, Fortescue, Red Hawk Mining, BWP, Kelly Partners - Ausbiz Capital