Latest Market News

LVMH (EPA:MC) to buy Tiffany & Co. (NYSE:TIF): Aus shares to open higher

26 Nov 2019 - The Australian share market is set to open higher following record highs overnight on the S&P 500 and Nasdaq Composite indexes. The highs came as China promised to tighten intellectual property rules in the country and the market saw a slew of merger and acquisition activity. French luxury goods multinational LVMH, has inked a deal worth US$16.2 billion to purchase Tiffany & Co (NYSE:TIF).

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Telcos leads the sectors: Aus shares close 0.3% higher

25 Nov 2019 - It has been a positive day of trade for the Australian share market closing 0.3 per cent higher. The Afterpay Touch Group (ASX:APT) shares closed the day on a high on the back of their final audit provided to AUSTRAC. Nufarm (ASX:NUF) shares are down after it flagged a weak first quarter and looks likely their earnings will take a hit. As for the sectors today Telcos led the day and Consumer Discretionary fell lower.

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Afterpay Touch Group (ASX:APT) shares rise on final audit for AUSTRAC: ASX tracking 0.6% higher at noon

25 Nov 2019 - The ASX rose at the open and is now tracking 0.6% higher at noon. The Afterpay Touch Group (ASX:APT) shares shot up on the back of its final audit provided to AUSTRAC. Caltex Australia (ASX:CTX) shares are also on the rise today after they reported they intend to float stake in 250 retail sites. Healius (ASX:HLS) expects underlying NPAT for FY 2020 to be higher than FY 2019.

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$35 million deal from NSW gov for Fleetwood (ASX:FWD): ASX set to open higher

25 Nov 2019 - Following positive leads from US markets, the ASX looks set to open higher this morning. Shares on Wall Street ended the week on a positive note. President Donald Trump is still deliberating signing into a law an amendment that would require annual reviews of Hong Kong’s special trading status separate from China. Fleetwood (ASX:FWD) award $35 million contract from NSW gov.

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Mayne Pharma (ASX:MYX) shares drop on AGM update: ASX tracking 0.7% higher at noon

22 Nov 2019 - The ASX has risen at the open despite weak leads from Wall Street. It is now tracking 0.7% higher at noon. Mayne Pharma (ASX:MYX) shares took dip today after their AGM released reports that sales for Financial Year 2019 are down 1%. Altura Mining (ASX:AJM) this week shipped a record cargo of spodumene concentrate to customers in China.

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Stocks in Europe and Asia slide: ASX poised open higher

22 Nov 2019 - Despite weak leads from US markets, the ASX looks set to open on a positive note this morning. Wall St took a slide following losses in Europe and Asia. The S&P 500 Index fell for a third day, the longest losing streak in almost two months. The dip comes as investors digest the latest reports surrounding the US-China trade war. Synlait Milk (ASX:SM1) is considering an offer of up to $150 million of five-year unsecured...

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