• The ASX 200 Index is still up after starting its winning run on March 15.
• The Australian equity market continues to rise even as Wall Street fell overnight.
• On Wednesday, American executives will have a meeting with Chinese President Xi Jinping.
• Adam Neumann offered more than $500 million to purchase the insolvent WeWork.

The intraday losses of the ASX 200 Index are recovered. It maintains its winning trend in the wake of Australian Westpac Consumer Confidence data, which eased from 20-month highs and declined 1.8% to 84.4 in March 2024 from 86.0 in February. As a result of this development, market sentiment has improved, and there has been conjecture that the Reserve Bank of Australia (RBA) will not take a hawkish position. By the time this article is written, the index is up 0.25% on Tuesday, trading at roughly 7,800. But last night, Wall Street suffered a slight deterioration.

The A-VIX has dropped significantly today, falling 2.26% to 10.82. At 8,051, the All Ords are down 0.25%. Elders increased by 5.04% to 9.38, Beach Energy increased by 4.61% to 1.82, and Premier Investments increased by 2.99% to 31.56, making them among the top performers in the ASX 200 Index. The equities with the lowest performance include Idp Education (down 3.51% to 17.46), Arcadium Lithium (down 4.99% to 4.19), and Atlas Arteria (down 0.49% to 5.12).

On Wednesday, Chinese President Xi Jinping will meet with American business executives in Beijing. This is a follow-up to his dinner with American capitalists in San Francisco in November. The CEO of US insurance company Chubb, Evan Greenberg, called the meeting. The presidents of the US-China Business Council and the National Committee on US-China Relations, Craig Allen and Stephen Orlins, are among those present.

According to the Chamber of Commerce, Western Australia (WA) would see an annual economic gain of $1 billion and the creation of 9,000 jobs if the ban on uranium mining is lifted. The Liberal Party’s demand for a shift in perceptions regarding uranium mining in WA is echoed in a report released by the Chamber of Commerce and Industry of Western Australia (CCIWA).

To find a good port for importing spodumene to its planned lithium refinery in Canada, Lithium Universe has finished a study. The business concluded that Bécancour, which is about 2.5 kilometers from the refinery site in Québec, would be the best port.

Mitre Mining has made significant discoveries at the Cristal target within its newly-acquired Cerro Bayo project in Chile, uncovering outcropping silver-gold vein extensions boasting impressive grades of up to 32,849 grams per tonne of silver and 298.6 grams per tonne of gold.

WeWork’s co-founder and former CEO, Adam Neumann, has proposed more than $500 million to buy the bankrupt co-working space.