Latest Market News

  • Home
  • Latest Market News
22Jan

Markets stumble as coronavirus confirmed in the US: ASX poised to open lower

22 Jan 2020 - The ASX looks set to open lower this morning. Wall Street saw weak leads possibly due to the first US case of coronavirus that has killed six people in China. In other news, Amazon filed to trademark ‘Amazon Pharmacy’ here signalling a potential move into selling prescription drugs outside of the US. Greg Fox, Bapcor’s (ASX:BAP) Chief Financial Officer and Company Secretary has announced that he will retire.

Read more...
21Jan

Record-breaking run ends as Infotech drags on the market: ASX closed 0.2% lower

21 Jan 2020 - The local bourse failed to move into positive territory closing 0.2% lower. Tech losses are led by Wisetech Global (ASX:WTC) and Technology One (ASX:TNE). HUB24 (ASX:HUB) shares are down despite posting record first half net inflows of $2.5 billion. Altura Mining (ASX:AJM) recently shipped a record cargo of 24,500 wet metric tonnes (wmt) to long-term offtake partner Ganfeng Lithium.

Read more...
21Jan

Orocobre (ASX:ORE) shares on the decline despite new deals: ASX tracking 0.4% lower at noon

21 Jan 2020 - The ASX fell at the open and has failed to gather momentum throughout the morning so far is now tracking 0.4% lower at noon. Orocobre (ASX:ORE) shares are on the decline – this comes as they reported yesterday they have signed two new contracts for supply of battery grade lithium carbonate to top tier Chinese cathode manufacturers. Resolute Mining (ASX:RSG) has agreed to repay all amounts outstanding under the Toro Gold acquisition finance facility.

Read more...
21Jan

Martin Luther King Day leaves markets muted: ASX poised to open flat

21 Jan 2020 - A US holiday yesterday, Martin Luther King day, saw muted markets leaving the ASX poised to open flat. BHP (ASX:BHP) will release its half year operational review later this morning. Stay tuned for those results. On the commodities front, oil has risen despite a sluggish day yesterday due to a lack of volume because of the American holiday. Primewest (ASX:PWG) has acquired a high profile office building in West Perth and a Woolworths anchored shopping...

Read more...
20Jan

New Energy Solar (ASX:NEW) considers expansion of asset sale: Aus shares 0.3% higher at noon

20 Jan 2020 - The Australian share market opened slightly lower this morning. It jumped in the first twenty minutes of trade, has been tracking sideways into the mid-session and is now tracking 0.3% higher. Shares in Nib Holdings (ASX:NHF) were hit hard this morning after the company downgraded its underlying operating profit by $30 million for the 2020 financial year.

Read more...
20Jan

Lynas (ASX:LYC) defends High Court proceedings: Aus shares to open higher

20 Jan 2020 - The ASX is set to open higher following strong leads from Europe and US markets. US major indices inked fresh record highs on Friday fuelled by tech stocks, robust retail data and positive sentiment generated from the US-China phase 1 trade deal. In Europe, utility stocks soared on the German Government’s plans to compensate RWE € 2.6B for costs related to the country's planned coal exit.

Read more...
17Jan

Ord Minnett downgrades Megaport: Aus shares close 1.9% higher over week

17 Jan 2020 - It has been a positive week of trade for the Australian share market. Today, the market opened in the black following strong leads from the US overnight, as Wall Street rallied on the execution of the US-China phase one trade deal. It closed 0.3 per cent higher. Over the week, the market hit a fresh record high, managing to push above the 7,000-point barrier for the first time on record. Ord Minnett has downgraded Megaport...

Read more...
17Jan

US-China phase one trade deal signed: Aus shares to open higher

17 Jan 2020 - The Australian share market is poised to open higher. After a week of flirting with the 7000-point barrier, the ASX200 managed to push above the 7000 mark yesterday for the first time on record. Strong leads from the US overnight as Wall Street rallied on the execution of the US-China phase one trade deal.

Read more...