Author - Craig Foley
03Sep

Disappointing retail trade and US future weigh in arvo trade: Aus shares close 0.1% lower

03 Sept 2019 - Market wrap: weaker than expected retail trade weighs, coupled with negative US futures. RBA says low-interest rates required to progress Australia. Surplus of $5.9b vs $1.4b expected. Nickel miner Independence Group (ASX:IGO) trades at 4-year highs on industry supply concerns. Amcor (ASX:AMC) dividend of US$0.12 for Qtr, EPS up for FY20. ASX and Oil Search (ASX:OSH) await PNG LNG decision from Govt.

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03Sep

First surplus in 44 years, RBA to hold rates at 1%: Aus shares 0.1% up at noon

03 Sep 2019 - Better than expected Aussie current account surplus $5.9b, vs $1.4b, while retail trade disappoints. Independence Group (ASX:IGO) shares trading at 4-year years highs on nickel price surge. Bellamy's Australia (ASX:BAL) sees JP Morgan bump up stake in its business. Oil Search (ASX:OSH) expects key PNG Govt decision later today. Iron ore continues to bounce back. AUD new 10.5 year low.

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02Sep

Moelis announces selective share buyback

03 Sep 2019 - Financial advisory business Moelis Australia (ASX:MOE) has today announced its entered into a binding buyback agreement with Moelis & Company (NYSE:MC) to purchase 8 million Moelis shares from M&C via a selective buyback at a price of $3.40 per share.

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02Sep

Wall Street closed, European markets lift: Aus shares to drift lower at open

03 Sep 2019 - The Australian sharemarket looks set to open lower this morning ahead of the Reserve Bank's interest rate decision. US markets were closed on Monday for the Labor day holiday. Abacus Property Group (ASX:ABP) has exchanged contracts for the acquisition of five self storage properties for $57 million with settlement expected by the end of the year.

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