Latest Market News

Payroll jobs rise in Victoria: ASX closed 0.2% higher

17 Nov 2020 - It has been a positive day of trade for the Australian share market the local bourse managed to close 0.2 per cent higher. Although many sectors did close in the red with Infotech faring the worst. Charter Hall (ASX:CHC) wholesale partnership Long Wall Hardware Partnership, acquired a $353 million portfolio of six Bunnings assets located in prime metropolitan markets.

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Trading resumes after technical hitch: ASX tracking 0.4% higher at noon

17 Nov 2020 - After a rocky day yesterday, the ASX rose at the open and is now tracking 0.4% higher at noon. Unibail-Rodamco-Westfield (ASX:URW) shares have jumped over 16 per per cent. Two IPO’s are currently performing well, Native Mineral Resources Holdings Limited (ASX:NMR) and Universal Store Holdings Limited – (ASX:UNI) after a false start yesterday.

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Trading resumes after technical hitch: ASX tracking 0.4% higher at noon

17 Nov 2020 - After a rocky day yesterday, the ASX rose at the open and is now tracking 0.4% higher at noon. Unibail-Rodamco-Westfield (ASX:URW) shares have jumped over 16 per per cent. Two IPO’s are currently performing well, Native Mineral Resources Holdings Limited (ASX:NMR) and Universal Store Holdings Limited – (ASX:UNI) after a false start yesterday.

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New vaccine hope boosts global markets: ASX poised to open slightly higher

17 Nov 2020 - The ASX looks set to open higher this morning with the Dow closing at a record high on vaccine news. The ASX had a set back yesterday with a technical glitch but is all back to normal this morning. And the NSW state government has announced it will give every adult vouchers to spend separately on dining and entertainment. PointsBet Holdings Limited (ASX:PBH) has launched in the State of Colorado.

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Trading to resume tomorrow at 10am: ASX closed 1.2% higher

16 Nov 2020 - It has been an odd day of trade for the ASX with a disruption to trading caused by an outage of the ASX trade system. Despite this the market closed 1.2 per cent higher. It’s set to be fixed in time for trading tomorrow. Two companies that were due to list on the market today were unable to because of the outage. Gold explorer Native Mineral Resources and fashion retailer Universal Store are set to...

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Asia forms world’s largest trade bloc: ASX looks set to open higher

16 Nov 2020 - The ASX looks set to open higher this morning as effective vaccine news could be the turning point for value stocks. Seventeen coronavirus cases have now been linked to a cluster in Adelaide's northern suburbs, South Australia's Chief Public Health Officer says. Fifteen Asia-Pacific economies formed the world’s largest free trade bloc yesterday, in a China-backed deal that excludes the United States. The Regional Comprehensive Economic Partnership (RCEP) was signed at a regional summit in...

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Bega (ASX:BGA) wins food fight: Aus shares close 0.2% lower

13 Nov 2020 - Over the week, the market has gained 215 points or 3.4 per cent. Energy gained over 14 per cent this week, boosted by the news of the Covid-19 vaccine. Today the High Court dismissed Kraft Heinz’s application for special leave to appeal the Federal Courts decision. Bega says that today’s proceedings confirm Bega Cheese’s right to use the current packaging of its smooth and crunchy peanut butter products.

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Lovisa (ASX:LOV) expands footprint in Europe: Aus shares 0.4% lower at noon

13 Nov 2020 - After a slight bump at the open, the Australian share market dropped in early trade and is tracking 0.4 per cent lower at noon. Most of the sectors are down this morning, with Energy stocks seeing the largest fall. The S&P/ASX 200 index is 26 points down or 0.4 per cent lower at 6,392. On the futures market the SPI is 38 points lower. Fashion jeweller, Lovisa Holdings (ASX:LOV) has acquired the European retail store...

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US and Aus to partner on emission reduction technologies: Aus shares to open lower

13 Nov 2020 - The SPI indicates that the Australian share market will open lower after the global vaccine rally teetered off bringing into sharp focus the latest wave of Covid 19 cases in the US and UK. Scott Morrison has had his first call with US President elect Biden yesterday. He says that the 2 countries will work together to confront climate change by developing emissions reducing technologies.

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