Latest Market News

Freedom Foods hammered by investors: Aus shares close 0.7% higher

22 Mar 2021 - Rises in all sectors besides materials levitated the ASX200 in the green zone after midday, as Aus shares maintained momentum throughout the afternoon to close 0.7 per cent higher or 44 points up at 6753. This put an end to three consecutive sessions in the red for the ASX200. The on-going severe rainfall and floods have put Australia in an insurance catastrophe, as shares in QBE Insurance (ASX:QBE), Suncorp (ASX:SUN) and IAG (ASX:IAG) all closed...

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Freedom Foods hammered by investors: Aus shares close 0.7% higher

22 Mar 2021 - Rises in all sectors besides materials levitated the ASX200 in the green zone after midday, as Aus shares maintained momentum throughout the afternoon to close 0.7 per cent higher or 44 points up at 6753. This put an end to three consecutive sessions in the red for the ASX200. The on-going severe rainfall and floods have put Australia in an insurance catastrophe, as shares in QBE Insurance (ASX:QBE), Suncorp (ASX:SUN) and IAG (ASX:IAG) all closed...

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Biden’s US to remain tough on China: Aus shares to open lower

22 Mar 2021 - The Australian sharemarket is poised to open lower, following weak leads from the US. Wall Street’s blue-chip index Dow Jones shed over 200 points, disrupting its 2 consecutive weeks in the black. A sell-off in finance stocks triggered declines in American benchmark indices, following the Federal Reserve’s refusal to continue the coronavirus-fueled capital break for banks and rising bond yields as a result. The impact echoed and was felt around the world, as Asia Pacific...

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Retail turnover falls 1.1% MoM in Feb: Aus shares 0.2% lower at noon

19 Mar 2021 - The Australian share market opened lower and has continued on this trajectory into the mid-session. Energy stocks are dragging on the market despite signs of recovery in the iron ore price. This follows a rocky session on Wall Street overnight which saw the tech heavy Nasdaq lose 3.02 per cent. Morgan Stanley says shares in Westpac (ASX:WBC) are overweight, setting a target price of $25.30.

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KGL Resources (ASX:KGL) raises $21.57M: Aus shares shed 0.9% over week

19 Mar 2021 - Australian shares fell at the open following negative leads from the US overnight. They continued to sink in early trade. The market managed to shrug off weaker than expected preliminary retail trade data and staged a valiant attempt at a recovery in the second half of the session. But this wasn’t enough to move the S&P/ASX200 into positive territory. At the closing bell the S&P/ASX 200 index closed 0.6 per cent or 38 points lower...

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