Monthly Archives - December 2019

Trump signals delay in China trade deal: ASX poised to open lower

04 Dec 2019 - Following negative leads from US markets, the ASX looks set to drop at the open. The Dow fell for a third day and the rest of the US markets were rattled when US President Donald Trump suggested he may want to delay a trade deal with China until after the 2020 presidential election. Earlier this week Trump tweeted that the US would impose tariffs on steel and aluminium from Brazil and Argentina. iCar Asia (ASX:ICQ)...

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RBA holds official cash rate at 0.75%: ASX closes 2.2% lower

03 Dec 2019 - It has been a disappointing day of trade for the ASX closing 2.2% lower. NRW Holdings (ASX:NWH) and Silver Lake Resources (ASX:SLR) all experienced small rises today. Avita Medical (ASX:AVH) and Wisetech Global (ASX:WTC) dropped over 6% today. Meanwhile, LiveTiles (ASX:LVT) has completed the acquisition of CYCL, a leading intelligent intranet software business in Europe.

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Two consecutive current account surpluses: ASX 1.7% lower at noon

03 Dec 2019 - The ASX dropped at the open following soft leads from Wall Street and is now tracking 1.7 per cent lower at noon. Speedcast International (ASX:SDA) and shares in Western Areas (ASX:WSA) are on the up. Virgin Money UK (ASX:VUK) shares are falling after shooting up last week when they released strong results for FY19. The Uniti Group (ASX:UWL) is looking to raise $85 million for the acquisition of 1300 Holdings and its related entities for...

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