Author - Craig Foley

Nasdaq finishes year 38% higher: SPI signals a drop at the open

02 Jan 2019 - The SPI indicates that the Australian share market is poised to retreat at the open with hopes that a bullish last-minute rally on Wall Street on New Year’s Eve could help offset negative sentiment. The Shanghai Composite closed off its best year since 2014 despite the US trade dispute. Strong performances from tech majors like Apple, Microsoft and Facebook boosted the Nasdaq to close out 2019 with a 38% gain. On the commodities front, Gold...

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Australian dollar lifts on the last day of the year: ASX closes 1.8% lower

31 Dec 2019 - The ASX took a dip at the open and failed to gather any ground closing 1.8% lower. All sectors are in the red - the sector with the least losses was Materials sector with Gold Road Resources (ASX:GOR), Resolute (ASX:RSG) and Saracen Mineral Holdings (ASX:SAR) all making gains today. GrainCorp (ASX:GNC) today announced that the sale of its Australian Bulk Liquid Terminals business to ANZ Terminals Pty has completed.

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