Whitehaven Coal Stock News

Australian shares were nearly flat on Monday, as treasurer Josh Frydenberg saying that the country would raise its 2022 economic growth forecast offset worries about the Omicron coronavirus variant. The S&P/ASX 200 index was down 0.02% by 1148 GMT. The benchmark had gained 0.2% on Friday. Frydenberg said on Sunday that Australia would raise its 2022 economic growth forecast at the mid-year budget review, adding that it was too early to estimate the impact from Omicron. The Omicron variant spread in Australia on Saturday, with a cluster in Sydney growing to 13 cases and a suspected infection in the state of Queensland, leading some state and territory governments to tighten their domestic border controls. Shares of biopharma giant CSL Ltd were the top losers on the benchmark after a court ruling that prevents people from crossing the border from Mexico to give blood, its main business. On the other hand, grocery firm Metcash gained over 5% after reporting a 13% jump in half-year profit.

Here''s why these ASX shares are pushing higher The post Why Webjet, Whispir, Whitehaven Coal, and Woodside shares are pushing higher appeared first on The Motley Fool Australia .

Bellwether coal firms saw shares slide on Monday, while EU carbon prices leapt to a record high of over 66 a tonne One of the measures of success for COP26 was whether or not any final agreement would send sufficiently loud signals that they could move markets. The initial results are now in, and they appear positive for those who think the Glasgow Climate Pact can help drive accelerated climate action this decade. Reuters reported yesterday that shares in coal firms fell yesterday following the international agreement to pursue efforts to "phase down" unabated coal, while carbon prices in the EU emissions trading scheme (ETS) climbed to a new record high. Separately, Bloomberg reported that fossil fuel producers are also seeing a spike in the cost of capital driven in large part by international climate policy efforts. In the wake of Saturday''s agreement in Glasgow, which included an unprecedented plan to "phase down" unabated coal power and "phase out" inefficient fossil fuel subsidies, leading Chinese coal mining giants China Shenhua Energy and Yanzhou Coal saw shares fall one per cent and 2.4 per cent, respectively, in Hong Kong trading.

These ASX shares are starting the week in the red The post Why BrainChip, HT&E, Platinum, and Whitehaven Coal are dropping appeared first on The Motley Fool Australia .