02 Dec 2019 - Despite weak leads from US markets, the ASX looks set to open higher this morning just ahead of a large week of local economic data to be released. China insists US tariffs must be rolled back as part of any phase one trade deal with Washington. Moelis Australia (ASX:MOE) exchanged contracts on Friday to acquire The Beach Hotel, Byron Bay for $104 million.
29 Nov 2019 - It’s been a positive week of trade on the Australian share market despite today’s downturn. Private sector credit grew slower than expected in October and a number of acquisitions completed today. Mitchell Services (ASX:MSV) has acquired Deepcore Holdings.
29 Nov 2019 - The Australian share market opened slightly higher this morning and is currently 0.2% higher at noon. Citi rates plus sized fashion retailer, City Chic Collective (ASX:CCX) as a sell, with a 12-month price target of $2.30.
29 Nov 2019 - European markets retreated as investors fear what the US’s ratification of the Hong Kong Human Rights and Democracy Act could mean for the US-China trade deal. The ASX futures market is indicating a positive start for the Australian share market. Gold rose slightly overnight. Synlait Milk (ASX:SM1) is offering up to $150 million of 5 year unsecured subordinated fixed-rate bonds.
28 Nov 2019 - The Australian share market closed higher, tracking 0.2 per cent up. Service Stream and Telstra led the way as the best performing stocks. Westpac (ASX:WBC) has a newly appointed Financial Crime Committee.
28 Nov 2019 - The ASX rose at the open and is now tracking 0.4% higher at noon. Investors are waiting to see how the markets react to Trump signing Hong Kong legislation that would impose sanctions on Chinese and Hong Kong officials responsible for human rights abuses in Hong Kong. Rural Funds Management, as responsible entity for the Rural Funds Group (ASX:RFF), has seen unitholders of RFM Poultry (NSX:RFP) approve the transaction today for the sale of RFF’s...
28 Nov 2019 - Following positive leads from US markets, the ASX looks set to open higher. The S&P 500, Nasdaq and Dow Jones closed at all-time levels for a third straight day. Results from US gross gross domestic product and unemployment figures beat analysts’ expectations. The markets are closed for Thanksgiving. EganStreet Resources approaches compulsory acquisition by Silver Lake Resources (ASX:SLR).
27 Nov 2019 - The ASX rose throughout the day and managed to close 0.9% higher. The RBA signalled interest rates are to stay low. Shares in Caltex (ASX:CTX) rose after revealing it had received a takeover approach from a Canadian convenience retailer. Harvey Norman Holdings (ASX:HVN) show an increase of 2% on the aggregated sales generated in the pcp.
27 Nov 2019 - The ASX opened lower and made moderate gains throughout the morning. It is now tracking 0.5% higher at noon. Meanwhile, Westpac (ASXWBC) shares are down after their CEO stood down yesterday. Woolworths Group (ASX:WOW) CEO Brad Banducci and Woolworths Group Chairman Gordon Cairns have acknowledged their leadership responsibility for the payment shortfalls to salaried team members.
27 Nov 2019 - The ASX looks set to open lower despite US markets closing higher. US China trade negotiations rumble along keeping investors on their toes. Stocks in the US rose. Investors in China are finally able to own Alibaba shares after its debut in Hong Kong. Virgin Money UK (ASX:VUK) says Clive Adamson, a Non-Executive Director, intends to step down from the Board.
