Author - Craig Foley

US manufacturing suffers worst month in a decade: ASX set to open lower

02 Oct 2019 - Following negative leads from US markets, the ASX looks set to open lower this morning. In the US, banks led the decline as rates moved lower, followed by industrial companies. All three benchmarks were lower. Sundance Energy Australia (ASX:SEA) reports that yesterday the Federal Court of Australia approved orders to convene a meeting for the proposed redomiciliation from Australia to the United States via a Scheme of Arrangement.

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AUD drops as RBA cut rate to 0.75%: ASX closed 0.8% higher

01 Oct 2019 - It has been a positive day of trade for the ASX. After a small dip in early morning trade the local bourse managed to gain momentum to gain 0.8%. The market rose after the RBA announcement to cut rates. The major banks also moved back into the green. Ausdrill (ASX:ASL) report that on a proforma basis the Group achieved growth in revenue of 14.2% to $1.97b in the Chairman's address.

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All eyes on rates ahead of RBA decision: ASX is tracking 0.2% higher at noon

01 Oct 2019 - The ASX opened higher following positive leads from Wall Street and is now tracking 0.2% higher at noon. Nufarm (ASX:NUF) shares are on the rise in the first two hours of trade. The market is expecting the cash rate to be cut by 25 basis points to 0.75%. The Industrials sector is leading the way and the Energy sector trailing behind. And Harvey Norman Holdings (ASX:HVN) and certain of its controlled entities have completed the...

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