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18Mar

Pilbara Minerals (ASX:PLS) launches digital trading platform: ASX closed 0.7% lower

18 Mar 2021 - It's been a negative day of trade for the local market. After opening almost flat, the market continued to slide, extending yesterday's drop to close 49 points down. After data was released showing a better than expected improvement in the unemployment rate, the index lifted by 0.4 per cent. However, it failed to hang on to these gains. The S&P 500 and Dow Jones Industrial Average closed at record highs overnight after the US Federal...

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18Mar

Unemployment rate fell to 5.8% in February: ASX 0.3% lower at noon

dd Mmm 2021 - The ASX opened almost flat and has been roller-coastering between falls and gains and is now tracking 0.3% lower at noon. The S&P/ASX 200 index is 18 points at 6,777. The SPI futures are pointing to a fall of 12 points as we head into afternoon trade. Despite the Dow and S&P 500 hitting record highs last night, the local market has been unable to follow the lead from the US markets. Meanwhile, the Westpac...

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18Mar

US Fed hold steady on interest rates: ASX poised to open lower

18 March 2021 - The ASX is set to open lower despite slight gains on Wall St. Yesterday in the US, the Dow Jones and the S&P 500 tipped fresh intraday highs after the Federal Reserve committed to no interest rate hikes to at least 2023. The Fed also forecast the economy will grow 6.5% compared with the previous forecast of 4.2% driven by the $US1.9 trillion stimulus package. They also expect the unemployment rate to fall to 3.5%...

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17Mar

1 in 5 Australians expect household finances to improve next year: ASX tracking 0.7% lower at noon

17 Mar 2021 - The Australian share market dropped at the open and is now tracking 0.7 per cent lower at noon. The S&P/ASX 200 index is 49 points down at 6,778. On the futures market the SPI is 53 points lower. Westpac Banking Corporation (ASX:WBC) today announced that it was bringing together the leadership of its Consumer and Business divisions.

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17Mar

Mixed session on Wall Street: ASX poised to open lower

17 Mar 2021 - Following mixed leads from US markets, the ASX looks set to open lower. The global aluminium industry must slash greenhouse gas emissions by 77% by 2050 to meet climate change goals. Alibaba’s internet browser has been removed from several app stores in China as the company’s feud with the Chinese government continues. Fonterra Co-operative Group (ASX:FSF) report positive half year results.

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16Mar

Tech sector pushes market up: ASX closed 0.8% higher

16 Mar 2021 - It has been a positive day of trade for the Australian share market. At the closing bell the S&P/ASX 200 index closed 54 points up, or 0.8 per cent higher to finish at 6,827. Pendal Group (ASX:PDL) today announced that Group CEO, Emilio Gonzalez, will step down after 11 years in the role.

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16Mar

More EU countries suspend use of AstraZeneca vaccine: ASX to open higher

16 Mar 2021 - Following positive leads from US markets due to a tech push, the ASX looks set to open higher. Germany, France, Spain, Italy, Ireland and the Netherlands have joined the growing list of countries that have suspended the use of the AstraZeneca coronavirus vaccine over blood clot concerns. Back home, last week the national average price of unleaded petrol fell by 1.1 cents a litre to 140.2 cents per litre (c/l) according to the Australian Institute...

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