Latest Market News

Delay in China-US trade talks shakes Asia pacific shares: ASX set to open higher

08 Nov 2019 - Following positive leads from US markets, the ASX looks set to open higher this morning. All three US benchmarks were higher at the close. In the Asia Pacific shares were mixed after the reports of a potential delay in the signing of a US-China trade deal. The Decmil Group (ASX:DCG) has been awarded two packages of work for Carmichael Rail Network to its Queensland business unit.

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Banks and tech keep market busy: ASX closes 1% higher

07 Nov 2019 - It has been a positive day of trade, with the ASX closing 1% higher. Xero (ASX:XRO) did well today as did James Hardie Industries (ASX:JHX). NAB (ASX:NAB) shares gained even as its dividend was cut and FY19 profits fell. The Flight Centre Travel Group (ASX:FLT) share price is down following the release of its FY20 guidance after reporting its half profit before tax would be down 22% to 36% on the pcp.

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Perenti (ASX:PRN) shares down after deadly ambush near mine: ASX tracking 0.7% higher at noon

07 Nov 2019 - The ASX rose at the open and continued to rise and is now tracking 0.7% at noon. Shares in James Hardie (ASX:JHX) are on the up today. Shares in Perenti Global (ASX:PRN) have fallen sharply today after the company reported an attack near the Semafo’s Bongou mine site in Burkina Faso has resulted in several fatalities, including Semafo employees.

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James Hardie (ASX:JHX) raises its FY adjusted NOPAT: ASX poised to open higher

07 Nov 2019 - Despite weak leads from US markets, the ASX looks set to open higher. Wall Street shares dropped after it was reported that President Donald Trump and Chinese President Xi Jinping’s meeting to sign an interim trade deal could be delayed until December. James Hardie (ASX:JHX) raised its full year adjusted net operating profit guidance.

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Macquarie downgrades Blackmores: Aus shares close 0.6% lower

06 Nov 2019 - Following a steady decline over the afternoon the S&P/ASX200 closed 0.6 per cent lower. Macquarie downgraded Blackmores (ASX:BKL) as an Underperform and reduces its 12-month price target to $58. Corporate Travel Management (ASX:CTD) confirmed its expectation for a 10 to 16.5% increase in EBITDA YoY.

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US to withdraw from Paris Agreement: Aus shares to open higher

06 Nov 2019 - Following strong leads from US markets, the S&P/ASX200 is poised to edge higher at the open. The United States comes under intense criticism as it notifies the United Nations of its intention to withdraw from the Paris Agreement. The Oneview Healthcare (ASX:ONE) board is repositioning the roles of its three independent directors.

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