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Iron ore rose on Friday to return to $100 a tonne but remained below last week’s final high.

At 11. 35am, the S&P/ASX 200 was up 0. 61 per cent to 7,825. 40. The effects were driven by strong performance in retail stocks, led by JB Hi-Fi. The broader market also gained momentum as global sentiment improved. Consumer discretionary stocks were the most productive compared to the previous ones, while generation stocks also contributed to the positive market sentiment.

The Dow Jones Industrial Average gained ground on Wednesday, supported by encouraging data on US inflation.

US stocks rebounded sharply overnight, after hitting record highs reached last month. This upward trend was boosted by the latest inflation report, which showed signs of easing price pressures.

The immediate and subsequent fall of the lithium market caused surprise waves in the Australian economy, which depends on natural resources.

Finally, there is good news from troubled Transtasmanian building products giant Fletcher Building (ASX:FBU) with the announcement of the sale of key assets.

Treasury Wine Estates (ASX:TWE) is undergoing a primary restructuring, a $300 million write-down of its Treasury Premium Brands (TPB) department and the proposed sale of several underperforming brands.

American economic analysts have found that Warren Buffett is the largest owner of short-term U. S. Treasuries, even more than the Federal Reserve, the central bank of the United States.

CEO and CEO Mark Freeman and portfolio manager Kieran Kennedy discuss Mirrabooka Investments’ (ASX:MIR) FY24 results.

Argo Investments (ASX:ARG) has maintained its final dividend to shareholders despite a drop in profit to $253. 0 million for the year to June. This fall is explained by the fall in distributions of the companies in the portfolio.