Latest Market News

Virus fears weigh on market: ASX closes 1.4% lower

28 Jan 2020 - It has been a negative day of trade for the Australian sharemarket with local bourse sinking below 7000 as investors sold off on worries about the coronavirus. Shares in travel company Webjet (ASX:WEB) fell almost 14 per cent today on fears surrounding the virus and a downgrade from Morgan Stanley.

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Global markets sweat over Coronavirus: ASX poised to open lower

28 Jan 2020 - Following negative leads from US markets, the ASX looks set to open lower this morning as markets continue to be rocked by the coronavirus. Several companies, including Walt Disney in China, are suspending operations until further notice. On the commodities front, oil dropped below $60 for the first time in three months. Gold rose. BINGO (ASX:BIN) today advised that the ACCC is conducting an investigation into the B&D waste sector in New South Wales.

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WHO says ‘too early’ to declare a global health emergency: ASX poised to open higher

24 Jan 2020 - Following positive leads from US markets, the ASX looks set to open higher despite more people infected by the virus in China that’s rocked the markets. The World Health Organisation says it is “a bit too early” to declare a new coronavirus a global health emergency. Nuheara (ASX:NUH) has executed an agreement for $2.5 million funding with the Lind Global Macro Fund.

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CIMIC (ASX:CIM) shares fall weighing on market: ASX closed 0.6% lower

23 Jan 2020 - It has been a negative day of trade for the ASX closing 0.6% lower. Shares shot up for National Storage REIT (ASX:NSR) after they confirmed they had received a takeover offer from private equity fund manager Gaw Capital Partners. And Telix Pharmaceuticals (ASX:TLX) reports that the US Food and Drug Administration has approved the ZIRCON study for recruitment of American patients.

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Unemployment falls to 5.1%: ASX tracking 0.7% lower at noon

23 Jan 2020 - The ASX fell at the open and is now tracking 0.7% lower at noon. CIMIC Group (ASX:CIM) shares dropped today after they announced they will exit the Middle East expecting to take a one-off charge of $1.8b. The directors of Encounter Resources (ASX:ENR) in joint venture with Newcrest (ASX:NCM) identified bedrock gold mineralisation and geological controls at Afghan and Mojave prospects.

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Stocks slide as Coronavirus moves to the US: ASX poised to open lower

23 Jan 2020 - The ASX is set to open lower this morning after being rocked by news of China’s virus seeing the death toll rise to 17. Meanwhile, over in Europe Trump says the EU has “no choice” but to negotiate a new trade deal with America. Cann Global (ASX:CGB) has signed a contract deal with EPCO Foods Co. in Vietnam and COSTCO Australia.

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