Latest Market News

  • Home
  • Latest Market News
08May

Federal cabinet plans to ease covid restrictions: Aus shares close 0.5% higher

08 May 2020 - The Australian share market ended the day 0.5% per cent higher after the Federal government announced a plan to have most of the economy reopened by July. Each phase will be separated by a cooling-off period, to allow health experts to observe the impact of the changes on infection risk. Treasurer Josh Frydenberg today announced that the reforms recommended by the Banking Royal Commission will be delayed by six months to allow the banks to...

Read more...
08May

News Corp (ASX:NWS) reports $1.1B impairment: ASX200 up 0.7%

08 May 2020 - The Australian share market opened higher and is now tracking 0.7 per cent higher at noon. The Real Estate Invest Trust sector is leading the charge. All of the sectors, except for Health Care are on the rise this morning. Media giant, News Corporation (ASX:NWS) has reported a net loss of around $1 billion for the third quarter, a far cry from the $23 million income we saw in the third quarter of 2019. The...

Read more...
08May

Vodafone (ASX:HTA)/ TPG (ASX:TPM) merger receives FIRB approval: Aus shares to open higher

08 May 2020 - Following positive leads from US markets, the Australian share market looks set to open higher. Australia’s national cabinet will meet today to discuss a timetable for reopening parts of the economy following the covid-19 shut down. Vodafone Hutchison Australia has received the green light from the Foreign Investment Review Board to go ahead with its merger with TPG Telecom (ASX:TPM).

Read more...
07May

JobKeeper payments set to cover around 4.7m employees: ASX poised to open lower

07 May 2020 - Following mixed leads from US markets, the ASX looks set to open lower this morning. The S&P 500 and Dow Jones Industrial Average indexes closed lower, while IT and consumer discretionary sectors kept the Nasdaq in the green. Back home, close to 730,000 employers have so far signed up for the JobKeeper allowance, covering around 4.7 million employees. On the commodities front, oil has dropped and gold is also down. OceanaGold (ASX:OGC) released their first...

Read more...
06May

A late rally boosts the market, but not enough: ASX closed 0.4% lower

06 May 2020 - The ASX failed to rise into positive territory today closing 0.4% lower. Nearmap (ASX:NEA) shares are on the rise as are Appen (ASX:APX). Shares in National Storage REIT (ASX:NSR) are down – they completed their $300m institutional placement today. The Goodman Group (ASX:GMG) today announced the appointment of Mark G. Johnson as an Independent Director.

Read more...
06May

Retail turnover rises 8.5% in March: ASX 1.1% lower at noon

06 May 2020 - The ASX dropped at the open and is now tracking 1.1% lower at noon. Nearmap (ASX:NEA) shares are on the rise as are Domain Holdings (ASX:DHG). The Australian dollar has risen to US64.33 cents. As for the sectors, utilities are up and financials, down. ALS (ASX:ALQ) reports less than 10% of their global laboratory network has been adversely impacted by shutdowns due to COVID-19.

Read more...
06May

Morrison working to get Australia back in business: ASX poised to open lower

06 May 2020 - Despite positive leads from US markets, the ASX looks set to open lower. Prime Minister Scott Morrison spoke with state and territory leaders yesterday who agreed to take steps to get Australia back in business. Meanwhile over in Europe, Sweden, Poland, Romania and the UK are not seeing a drop in coronavirus cases. Electronic donation payment business Pushpay (ASX:PPH) report a 15% decline in NPAT by US$2.8m over the year.

Read more...
05May

Reserve Bank of Australia holds cash rate: ASX closed 1.6% higher

05 May 2020 - It has been a mostly positive day of trade for the ASX, the local bourse managed to close 1.6% higher. Shares in Collins Foods (ASX:CKF) lifted today after they reported KFC stores in Australia continue to show improvement in sales. The energy sector led the day and healthcare came in last. NEXTDC (ASX:NXT) has successfully completed its Share Purchase Plan raising $191 million.

Read more...