Latest Market News

Fed Reserve set to keep rates at near zero: ASX poised to open lower

17 Sep 2020 - The ASX looks set to open lower this morning as stocks in the US fell after a tech sell-off and Federal Reserve Chairman Jerome Powell vows to keep rates near zero for three years. Platinum Asset Management (ASX:PTM) to extend its on-market share buy-back for up to 10% of PTM’s issued share capital.

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Seek (ASX:SEK) shares surge on talks around its Chinese platform: ASX closed 1% higher

16 Sep 2020 - It has been a positive day of trade for the ASX after a small dip around lunchtime the local bourse managed to closed 1% higher. Shares in Seek (ASX:SEK) closed over 9% today after confirming that its Chinese jobs platform Zhaopin was in investment talks with a number of parties. A British court has ruled against QBE (ASX:QBE) in a dispute over customers' efforts to recoup losses from the coronavirus.

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All eyes on Federal Reserve policy meeting later: ASX poised to open higher

16 Sep 2020 - Following positive leads from US markets, the ASX looks set to open higher this morning. There is a US Federal Reserve policy meeting later investors will be keen for. The Trump administration has said that it will remove a 10% US tariff on raw Canadian aluminium imports. Meanwhile, the World Trade Organization says that additional tariffs imposed in 2018 by the United States on Chinese goods violated international trading rules. And Auckland Airport (ASX:AIA) reports...

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Oracle’s TikTok bid is under review: ASX to open lower

15 Sep 2020 - The ASX looks set to open lower this morning as US stocks closed higher on progress of a Covid-19 vaccine. AstraZeneca paused trials last week due to a potentially unexplained illness – today the UK will resume trials. Oracle surged 5% due to teaming with China's ByteDance to keep TikTok in the United States. Gold lifted on weakness of the American dollar. The price of crude slipped. Serko's (ASX:SKO) board chairman is standing down, succeeded...

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