Latest Market News

S&P 500 saw its biggest loss in a month: ASX set to open lower

21 Nov 2019 - Following negative leads from US markets, the ASX looks set to open lower this morning. The S&P 500 saw its biggest loss in a month amid concerns a phase one trade deal between the US and China may not be completed this year. Noni B (ASX:NBL) and the Alceon group have reached an agreement for Noni B to buy a 50.1 per cent interest in EziBuy from Alceon.

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Banks down as Westpac (ASX:WBC) is accused of breaching anti-money laundering laws: ASX closed 1.4% lower

20 Nov 2019 - It has been a negative day of trade for the ASX closing 1.4% lower. Banks were hit hard today after Westpac (ASX:WBC) reported that AUSTRAC had applied to the Federal Court for civil penalty orders to be made in relation to anti-money laundering failures. Hansen Technologies (ASX:HSN) has signed a contract with Aurora Energy.

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Aristocrat Leisure (ASX:ALL) profit jumps up: ASX tracking 1.1% lower at noon

20 Nov 2019 - The ASX drifted lower at the open following soft leads from Wall Street and is now tracking 1.1% lower at noon. TechnologyOne (ASX:TNE) shares are on the rise today after a dip yesterday after reporting a strong increase in profit. Gambling machine manufacturer, Aristocrat Leisure (ASX:ALL) has lifted its normalised after-tax profit 20% to $700 million over the last financial year.

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Trump threatens higher tariffs if China deal doesn’t go through: ASX set to open lower

20 Nov 2019 - Following weak leads from US markets, the ASX looks set to open lower this morning. This comes after President Donald Trump threatened higher tariffs on Chinese goods if a trade deal didn't eventuate. The Aussie dollar clawed back after the RBA yesterday reported that they had considered cutting interest rates earlier this month. Serko (ASX:SKO) released their half year results showing net profit after tax fell.

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TechnologyOne (ASX:TNE) shares drop despite posting profit increase: ASX tracking 0.04% higher at noon

19 Nov 2019 - The ASX rose at the open only to dip in the first hour of trade and is now tracking 0.04% higher at noon. The A2 Milk (ASX:A2M) company lifted its earnings margin forecast and saw their shares rise this morning. The Takeovers Panel has received an application from Zentree Investments in relation to an entitlement offer by Energy Resources of Australia (ASX:ERA).

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Wall St closes little changed: Aus shares to open flat

19 Nov 2019 - The local sharemarket is poised to open flat following a quiet session on Wall Street on Monday. In the US stocks reached fresh records but pared back to close the session little changed. The technology sector posted some of the bigger gains while energy stocks pulled back as crude oil fell. Synlait (ASX:SM1) and The a2 Milk Company have extended their supply agreement to 2025.

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Prospa Group sinks on profit downgrade: Aus shares close 0.4% lower

18 Nov 2019 - Its been a softer start to the week for the Australian sharemarket despite a strong lead in from Wall Street. There were losses across the board with 8 out of 10 sectors in the red led by utilities which was down over 1 per cent. Financials was another of the main weights with the big 4 all lower and and health stocks such as CSL were also lower.

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