Author - Craig Foley

Economy in line with expectations, services sector bounces back: 3rd day of red, 0.7% lower at noon

04 Sep 2019 - Aussie dollar bounces back on stronger than expected services sector and GDP in line with expectations, up 0.5% in Jun Qtr, 1.4% on year. All ASX sectors in the red, following Wall Street. About 20 companies go ex-dividend. ASIC takes action against Bendigo and Adelaide Bank (ASX:BEN) for unfair contract terms for its small business loan contracts for Delphi Bank and Rural Bank. Kogan (ASX:KGN) loses major shareholder but shares stay strong.

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US Manufacturing Index signals contraction: ASX set to open lower

04 Sep 2019 - Following negative leads from US markets, the ASX looks set to open lower this morning after US stocks fell as an American manufacturing report signaled contraction for the first time in three years. On the commodities front, oil lost as safe haven gold jumped $27. Following months of uncertainty Oil Search (ASX:OSH) says the Papua New Guinea Government to say it has now cleared the Papua LNG deal with French oil major Total.

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