Latest Market News

Overseas visitors continued decline – ABS: Aus shares close 0.8% lower

11 Sep 2020 - The Australian share market opened slightly higher and closed 0.8 per cent down at the end of trade. The Australian Bureau of Statistics has released annual overseas arrivals and departure figures for the month of July. Overseas visitor arrivals to Australia decreased 34.6 per cent month on month. Australian resident returns from overseas decreased 34.7 per cent month on month.

Read more...

Rio (ASX:RIO) exes depart over Aboriginal sacred site scandal: Aus shares 0.7% lower at noon

11 Sep 2020 - The Australian share market opened slightly higher but has lost ground during the first half of the session. Rio Tinto (ASX:RIO) executives embroiled in the Juukan Gorge blast scandal have fallen on their sword. Three executives resigned “by mutual agreement” after mounting community pressure and a board-led review of the destruction of Aboriginal sacred sites for a mine expansion.

Read more...

BHP to cut carbon emissions by 30% by FY2030: Aus shares to open lower

11 Sep 2020 - The pre-election political gridlock in the United States continues, as a new Republican stimulus package worth $US300 billion fails to advance through the Senate. Wall Street unwound early gains and ended in the red on broad-brushed profit taking. Mining giant BHP (ASX:BHP) has announced a target to reduce operational greenhouse gas emissions by at least 30 per cent by FY2030.

Read more...

Tech stocks rally in the US: ASX poised for a rebound

10 Sep 2020 - The ASX looks set for a rebound this morning as US stocks closed higher. Over in the UK, Prime Minister Boris Johnson has announced new restrictions on social gatherings in England, after a spike in Covid-19 infections. Over in the US, Tesla jumps nearly 11%, rebounding from worst day on record. Gold added over $11 and oil is up slightly. Resolute Mining (ASX:RSG) rreceive a strike notice at the Syama Gold Mine in Mali.

Read more...

Energy sector drags on the market: ASX closes 2.2% lower

02 Sep 2020 - After a fall at the open the ASX failed to recover closing 2.2% lower. Shares in Nufarm (ASX:NUF) closed up today, meanwhile, shares in Beach Energy took a hit falling over 9%. As for the sectors today Materials were the best of a bad bunch and Energy fell lower even lower. FINEOS Corporation Holdings PLC (ASX:FCL) reports they raised $8 million on their securities purchase plan.

Read more...

Consumer sentiment up 18% in September: ASX tracking 2.4% lower at noon

09 Sep 2020 - The Australian share market dropped at the open and is now tracking 2.4% lower at noon. Shares in Nufarm (ASX:NUF) did well today whereas shares in Megaport (ASX:MP1) saw a drop. All sectors are in the red. QBE Insurance Group (ASX:QBE) confirmed the arrangements for outgoing Group Chief Executive Officer, Pat Regan.

Read more...

Wall Street sees a huge late tech sell-off: ASX set to open lower

09 Sep 2020 - The ASX looks set to open lower this morning as tech stocks drove the US markets lower. Tesla shares plunged yesterday - their worst one-day loss since March. AstraZeneca shares fell over 6% in after-hours trading yesterday after the company said its late-stage trial for a potential coronavirus vaccine had been put on hold due to safety concerns. The Australian dollar dropped as the US dollar strengthened to a four week high. The a2 Milk...

Read more...