Latest Market News

Netflix (NASDAQ: NFLX) shares slump: Aus shares set to open higher

17 Jul 2020 - Aussie shares are set to edge higher at the open despite falls in international markets overnight. Fears of another coronavirus wave continue to weigh on international markets. Meanwhile US retail sales jumped 7.5 per cent in June following an 18.2 per cent rise the previous month. Netflix's (NASDAQ: NFLX) quarterly report disappointed investors, with shares sinking 10 per cent in New York as the company scrambles to create fresh content and grow its subscriber base.

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The healthcare sector pushes market lower: ASX closed 0.7% lower

16 Jul 2020 - After an optimistic slight rise at the open the ASX closed 0.7% lower. Shares in Whitehaven Coal (ASX:WHC) and Cooper Energy (ASX:COE) did well today. Shares in the Breville group fell lower. DGO Gold (ASX:DGO) has entered into an agreement with SensOre to acquire a 40 per cent equity interest in SensOre’s subsidary Yilgarn Exploration Ventures for $4 million.

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Unemployment rate rose to 7.4 per cent in June: ASX tracking 0.2% lower at noon

16 Jul 2020 - After a rise at the open the Australian share market fell and is now tracking almost 0.2 per cent lower at noon. Shares in Cooper Energy (ASX:COE) rose over 5 per cent this morning, shares in the Breville Group (ASX:BRG) dropped over 5 per cent. Dr George Theocharides has resigned from the iSignthis Ltd (ASX:ISX) subsidiary, iSignthis eMoney Ltd.

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$19.1 billion early super payments made: ASX poised to open higher

16 Jul 2020 - Following gains from US and European markets overnight, the ASX looks set to open higher this morning. The virus vaccine is inspiring more bullish emotions. Back home the latest APRA figures show there have been around 2.7 million early withdrawals from superannuation as Australians were able to take out $20,000 of their super during Covid. Michael Hill International Limited (ASX:MHJ) reports adjusted same store sales for the quarter were down 4.1%, against the prior...

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Trump signs for more sanctions on China: ASX poised to open higher

15 Jul 2020 - In New York, the Dow lifted over 2% overnight. The ASX looks set to open higher this morning. US President Donald Trump yesterday signed legislation to impose sanctions on China in response to its interference with Hong Kong’s autonomy. Back home we can expect large dividend cuts due to the coronavirus pandemic. Contact Energy (ASX:CEN) has made two changes to its leadership team.

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