Latest Market News

US tech stocks take a hit: ASX poised to open lower

10 Dec 2020 - The ASX looks set to open lower this morning as the US sees losses. Tech stocks took a hit. Yesterday, the World Gold Council said gold miners must rapidly switch to renewable electricity generation if the industry is to curb emissions sufficiently to align with the Paris Agreement. The Australian dollar jumped as high as US74.85 cents overnight – it’s now standing at 74.44 cents. Michael Hill (ASX:MHJ) report same store sales for the 22...

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Ten-year high for the Consumer Sentiment Index: ASX closes 0.6% higher

09 Dec 2020 - It has been a positive day of trade for the ASX, which closed 0.6% higher. Shares in Healius (ASAX:HLS) did well today after reporting its pathology business continued its strong revenue growth in October and November. Shares in Perseus Mining (ASX:PRU) didn’t perform so well today after a stellar day yesterday.

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Two IPOs edge higher today: ASX tracking 0.7% higher at noon

09 Dec 2020 - The ASX rose at the open and is now tracking 0.7% higher at noon. Shares in Healius (ASX:HLS) did well today after reporting its pathology business continued its strong revenue growth in October and November. Shares in EML Payments (ASX:EML) dropped. Real Estate Investment Trust only sector in the red.

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The UK roll out their Covid vaccine: ASX set to open higher

09 Dec 2020 - The ASX looks set to open higher this morning as US markets see a boost due to promising vaccine news. Johnson & Johnson report they could get trial results of a single-dose Covid-19 vaccine earlier than expected. The UK has rolled out its first vaccine to the public, becoming the first country to inoculate people with a fully-tested jab. Washington H. Soul Pattinson and Company (ASX:SOL) yesterday sold 50 million fully paid ordinary shares in...

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IPOs fail to gain momentum today: ASX closed 0.2% higher

08 Dec 2020 - The ASX managed to close 0.2% higher. Shares in Link Administration Holdings (ASX:LNK) were the best today after they received a proposal from NASDAQ listed SS&C Technology Holdings. Shares in ZIP Co (ASX:Z1P) took a hit today. We had a couple of IPO’s today that didn’t fare so well. Adairs (ASX:ADH) boost their guidance after strong sales expectations.

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AUD hits a 28-month high: ASX poised to open lower

08 Dec 2020 -The ASX looks set to open lower despite the NASDAQ hitting an all-time high. The iron ore price continues to rise. The Australian dollar is trading over US74¢, after hitting a high of US74.53¢ overnight, a level not seen since August 2018. And China’s exports in November rose 21.1% year on year, the fastest growth since February 2018. Air New Zealand (ASX:AIZ) has hired its next Chief People Officer.

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