A Quick Peek at Australia's Financial Pulse: What's Hot and What's Not?

G'day folks! Curious about what's happening in the Aussie financial world? Whether you're winding down after a day on the job or just kicking back, here's a no-fuss update on our financial scene.

ASX 200: Riding the Economic Surf

Our main stock index, the ASX 200, has been like a wild ride at the footy carnival. Think of it as a game of footy - plenty of highs and lows. While I can't fetch live data, a quick look at financial news or a stock app will give you the latest scores.

Last Week's Highlights: Keeping an eye on recent standout performers, you'll see this weeks ASX 200 is up +1.68%
Bringing us up to a total of +6.58% YTD for 2023 just before the markets close up for Christmas.

Top Earners:
(MIL) Millennium Services Group Ltd was a top player this year with market cap growing to $50.7 M +175.64% and each share price closing at $1.08

(ENV) Enova Mining Ltd also showing a solid year finishing up with a +54.55% and a market cap of a cute $10.9m

(A2B) A2B Australia Ltd played a blinder this year, shares up +103.81% closing out with an impressive $261.69 M market cap.

Expert Say: 2023 was a tough year for a lot, although the markets show +6.58% there was financial misery with a number of firms drifting into administration, 2024 gives for even bigger unpredictability with the growth of AI and foreign policy's keeping trade tensions high across the globe. Financial gurus might give their two cents, but remember, the stock market can be as unpredictable as a sudden downpour during a north QLD BBQ!

Commodity Check-in: Digging into the Details

In our backyard, we've got a treasure trove of resources. Let's dig into how some top commodities are faring.

Gold's Glitter: Gold's trend depends on global markets and local discoveries. It's like fishing - some days you catch a big one, other days not so much. market price hold strong over $2USD closing at 2,053.25$. Going into 2024 we should expect to see exploration at a high pace.

Coal's Course: Recent events, be they political or environmental, can impact coal prices. It's a bit like a weather forecast for your garden - changes can affect how things grow. Even though the world is adapting to a more greener, reduced carbon world the demand for clean aussie coal is solid and will be for the next 5 year block no doubt.

Your Bet? What's your pick for next month's top commodity?

• Gold

• Coal

• Iron

• Another contender (tell us in the comments!)

AUD & Crypto Corner: Dollars and Digital Coins

Our Aussie dollar's journey is swayed by global trade winds and local news. As for crypto, it's the new kid on the block. Bitcoin and Ethereum are making waves, but remember, diving into crypto is like surfing – thrilling, but you gotta know the waves!

XRP - Ripple Hasn't made any special moves this month, its left a lot to be anticipated. $0.62USD at the time of writing this.

SOL - Solana has shown a solid week up 33% +$24.4USD

LTC - LiteCoin Feels like the last teenager in the group to start puberty. We are expecting to see a some bamboo style growth going into 2024, the reliability and fundamentals of this stable coin are still yet to be mirrored with a true reflection in the market price. $73.34USD at the time of writing this.

Fun Quiz: Guess the High Jumper!

Which company had the biggest leap in stock value last month? Take a wild guess!

• Rio Tinto (RIO) A

• BHP Group Ltd (BHP) B

• South32 Ltd (S32) C

Wrap-Up: Keeping It Simple

That's the wrap on our financial update. Whether you're a market guru or just keen on the economy, it's always good to stay in the loop. Remember, finance isn't rocket science – but get it wrong and things can be catastrophic!

Remember, for the most accurate and up-to-date information, it's always a good idea to check out the latest financial news or a reliable financial website. Stay savvy, mates! 🇦🇺💰🚀 ​

all the information provided is for entertainment and educational purpose only, we are not qualified to give financial advice, do what you will with your own money.

Quiz Answer: Rio Tinto (RIO) A +11.67% YTD

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