Latest Market News

Alibaba makes Hong Kong debut: ASX poised to open lower

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.

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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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