Latest Market News

Credit Suisse downgrades JB Hi-Fi (ASX:JBH): Aus shares 0.3% higher at noon

24 Apr 2020 - The Australian share market opened flat following mixed leads from international markets. It has built momentum over the morning and is tracking 0.3 per cent higher at noon. All of the sectors are in the black this morning, except Consumer Staples. Nickel miner, Western Areas (ASX:WSA) has reiterated its full year cost and production guidance.

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Market set to defy negative economic data: Aus shares to open higher

24 Apr 2020 - The SPI Futures are pointing to a rise at the open for the Australian share market, despite a raft of negative international economic data overnight. It is pointing to a 0.2% gain. Communications and IT services provider, Speedcast International (ASX:SDA) intends to initiate voluntary financial restructuring in accordance with chapter 11 of the United States Bankruptcy Code.

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Oil jumps 19%: ASX poised to open higher

23 Apr 2020 - Following positive leads from US markets, Wall Street rallied up on the back of further US stimulus optimism. Oil jumped 19 per cent, hitting a high of 40% on Wednesday. Lynas Corporation (ASX:LYC) to be awarded U.S. Department of Defense contract.

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Qantas shares lose 6.4%: ASX closes flat

22 Apr 2020 - The ASX managed to gain momentum today and pull itself up to close flat. WiseTech Global (ASX:WTC) shares surged after reaffirming their guidance today. Qantas (ASX:QAN) shares dropped over 6%. Myer (ASX:MYR) has taken the decision to extend the period of temporary closure of all physical stores until at least 11 May 2020.

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Strong rise in retail sales for March: ASX tracking 0.6% lower at noon

22 Apr 2020 - The ASX dropped at the open and is now tracking 0.6 per cent lower at noon. WiseTech Global (ASX:WTC) shares are 10% up today after reaffirming their 2020 guidance. Shares in Flight Centre continue to fall as do oOh!Media (ASX:OML). Orocobre (ASX:ORE) released their quarterly report today showing production from the Olaroz Lithium Facility was down 11% on the PCP.

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