Latest Market News

Westpac slumps: Aus shares 0.1% higher at noon

05 Nov 2019 - The local sharemarket’s bright start has faded in the second hour of trade. The market opened up around 40 pts following Wall Street higher but has eased back and is trading mostly flat at lunch. IMF Bentham (ASX:IMF) has announced the conditional in principle settlement of an Australian securities class action it has funded as part of its portfolio.

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Record highs for Wall Street: ASX poised to open higher

05 Nov 2019 - Following positive leads from US markets, the ASX looks set to open higher. Stocks in the US rose with the Dow Jones claiming its first record since July. Uber stocks fell after their reported a quarterly loss topping $1 billion. AUSTAL (ASX:ASB) says the future USS Kansas City has successfully completed acceptance trials in the Gulf of Mexico.

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Banks down on Westpac (ASX:WBC) report: ASX closes 0.3% higher

04 Nov 2019 - The ASX closed 0.3% higher. Banks didn’t fare so well though. Westpac (ASX:WBC) reported a 15% slump in full-year profit, a cut to its dividend and announced they want to raise $2.5 billion in capital. This news sent NAB’s (ASX:NAB) shares down. And Collins Foods (ASX:CKF) has been served with Federal Court proceedings by Taco Bill Mexican Restaurants.

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US jobs numbers boost Wall Street: Aus shares to open higher

04 Nov 2019 - The local sharemarket is poised to open higher following strong leads from Wall Street on Friday. In the US stocks rose sharply as investor sentiment got a boost from much stronger-than-expected U.S. jobs data. The Murray Goulburn Co-op (ASX:MGC) has reached an agreement to settle a class action which commenced in May 2016.

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Healthcare leads the sectors: ASX close 0.1% higher

01 Nov 2019 - The ASX drifted lower following soft leads from Wall Street but managed to pick up momentum and is now tracking 0.1% higher at noon. Iluka (ASX:ILU) shares are still dropping after they flagged $2b demerger of BHP iron ore royalties. The ANZ (ASX:ANZ) extended its losses. And Gowing Bros (ASX:GOW) has sold Moonee Market Shopping Centre in the NSW Coffs Harbour district.

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Estia Health (ASX:EHE) weighs on the Healthcare sector: ASX trading flat at noon

01 Nov 2019 - The ASX drifted lower following soft leads from Wall Street and is now tracking 0.06% lower at noon. The Macquarie Group (ASX:MQG) shares are dropping – they reported an 11% increase in net profit compared to the first half of 2019. Iluka (ASX:ILU) shares are still dropping after they flagged $2 billion demerger of BHP iron ore royalties. Uniti Group (ASX:UWL) is pleased to announce that it has successfully completed the acquisition of wholesale licensed...

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