Latest Market News

RBA suggest pushing rates towards 0%: ASX tracking 0.9% lower at noon

22 Sep 2020 - The ASX dropped at the open and is now tracking 0.9% lower at noon. Shares in Collins Foods (ASX:CKF) did well today leading the pack as Virgin Money (ASX:VUK) shares dropped throughout the morning. As for the sectors, Infotech is up and Materials is pulling the market lower. Redcape Hotel Group Management Ltd (ASX:RDC) reported the positive trading has continued and the first quarter of FY21.

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Uncertainty over US stimulus sinks stocks: ASX poised to open lower

22 Sep 2020 - The ASX looks set to open lower this morning after a sharp sell-off in the US. There’s concern over the lack of certainty over plans for the fiscal stimulus to support the unemployed in the US. Oracle’s agreement to take a stake in TikTok has won the blessing of US President Donald Trump. And Pushpay Holdings (ASX:PPH) has appointed Lorraine Witten as a Director to the Board.

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ASX cements 3 day losing streak: Shares finish 0.7% lower

21 Sep 2020 - The local sharemarket has ended the session firmly in the red cementing a 3 day losing streak. At the closing bell the S&P/ASX 200 finished 0.7 per cent lower or 42 points down at 5823.Major banks, miners and real estate were the main drags on the market today.

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Whitehaven (ASX:WHC) shareholders forced to respond to climate change concerns: Aus shares close 0.3% lower

18 Sep 2020 - The Australian share market ended the session 0.3 per cent lower than it started out. At the closing bell the S&P/ASX 200 index closed 19 points lower to finish at 5,865. Over the week however, the market has gained 5 points or 0.1 per cent, stumbling just above the line after four consecutive weeks of weekly losses. Qantas (ASX:QAN) has released its 2020 annual report.

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QuickFee (ASX:QFE) completes $15M placement: Aus shares flat at noon

18 Sep 2020 - The Australian share market opened flat this morning and continues to trade flat at noon. Goldman Sachs rates Nanosonics (ASX:NAN) as a neutral, with a 12 month price target of $5.50. QuickFee (ASX:QFE) has successfully completed its $15 million institutional placement. Technology solution provider, EROAD (ASX:ERD) successfully listed today.

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Web.com increases takeover bid for Webcentral (ASX:WCG): Aus shares to edge higher at the open

18 Sep 2020 - Australian shares are set to edge higher at the open following a paced sell off on Wall Street. US home building fell in August following strong gains in the prior three months. IT solutions company, Webcentral Group (ASX:WCG) has received an updated takeover offer from Web.com, which is now offering 18 cents per Webcentral share.

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Iron ore miners lead decline: ASX tracking 0.9% lower at noon

17 Sep 2020 - The ASX took a dip this morning, following negative leads from US futures and a sharp fall in the iron ore price overnight. Iron ore miners Mineral Resources(ASX:MIN) and Fortescue Metals (ASX:FMG) led the decline, joining the ranks of the worst performers at noon. The tech sector was also lower, adding further downward pressure.

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