PRE-MARKET AUSTRALIAN STOCKS NEWS: Whitehaven Coal (WHC AT) Q2 production rose 13.5% to 11mln metric tons (exp. 9.8mln tons)
Whitehaven Coal's Q2 production increased by 13.5% to 11 million metric tons, surpassing expectations of 9.8 million tons.
[MARKET UPDATE] Precious metals remain bid in early Asia-Pac trade with spot gold up 2.7% to extend on record highs and briefly approached just shy of the USD 5,600/oz level, while spot silver briefly breached USD 119/oz
Microsoft (MSFT) provides guidance:
PRE-MARKET AUSTRALIAN STOCKS NEWS: Whitehaven Coal (WHC AT) Q2 production rose 13.5% to 11mln metric tons (exp. 9.8mln tons)
Microsoft (MSFT) executive says Co. now has 15mln paid seats for Microsoft 365 Copilot and daily active users increased 10% Y/Y
Tesla (TSLA) expects to wind down Model S and Model X production next quarter
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Bank of Queensland (BOQ AT) - Co. named operations head Rod Finch as new CEO. (AFR)
IGO (IGO AT) - Co. December quarter group underlying EBITDA rose 55% Q/Q to AUD 29.9mln, rev. fell 22% Q/Q to AUD 82.4mln. (Motley Fool)
Iluka Resources (ILU AT) - Co. flagged a AUD 565mln hit on mineral sands impairment and inventory write-down. (The Australian/TipRanks)
Mineral Resources (MIN AT) - Co. upgraded its lithium guidance on strong Q2 sales. (Motely Fool)
Myer (MYR AT) - Co. axes management jobs at Just Jeans, Jay Jays and Dotti. (AFR)
Perpetual (PPT AT) - Co. total assets under management fell 1.9% Y/Y to AUD 227.5bln as of 31st December. (Motley Fool)
Perseus Mining (PRU AT) - Co. December quarter gold production 88.9k ounces (prev. 100.0 ounces Q/Q). (Motley Fool)
Whitehaven Coal (WHC AT) - Co. Q2 production rose 13.5% to 11mln metric tons (exp. 9.8mln tons). (Newswires)
Worley (WOR AT) - Co. announced a deal to provide support for selected energy facilities on the Norwegian continental shelf. (Newswires)
This robust performance reflects strong demand in the coal sector and could positively influence stock performance in related companies, especially in a favorable commodities environment.
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