Latest Market News

IOOF shares up after ANZ drops pension business sale price: ASX tracking 0.4% lower at noon

17 Oct 2019 - The ASX dropped at the open and is now tracking 0.4% lower at noon. Shares in IOOF Holdings (ASX:IFL) are on the up after ANZ (ASX:ANZ) reduced the price for the sale of its OnePath Pensions and Investments business and Aligned Dealer Groups. City Chic Collective (ASX:CCX) has finalised the acquisition of the e-commerce assets of Avenue Stores in the United States.

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US retail sales decline unexpectedly: ASX poised to open lower

17 Oct 2019 - Following weak leads from US markets, the ASX looks set to open lower this morning. Retail sales in the US saw the first decline in seven months – this could bolster potential for a third Federal Reserve interest-rate cut. Gold producer, Beacon Minerals (ASX:BCN) has acquired the Panther lease near the Jaurdi Project in Western Australia.

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Leading Index shows economic growth well below trend: ASX closes 1.3% higher

16 Oct 2019 - It has been a positive day of trade for the ASX, closing 1.3% higher. Silverlake (ASX:SLR) and Nearmap (ASX:NEA) shot up today. Shares in the Afterpay Touch Group (ASX:APT) slumped today. Westpac–MI Leading Index is showing economic growth rate is now well below trend after slipping further in September to its lowest level in four years. Sienna Cancer Diagnostics (ASX:SDX) CEO Matthew Hoskin will be stepping down.

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Shares in Afterpay (ASX:APT) take a dip after broker call: ASX 0.9% higher at noon

16 Oct 2019 - The ASX rose at the open and managed to maintain momentum after positive leads from Wall Street and is now tracking 0.9% higher at noon. Afterpay touch group (ASX:APT) took a dip today - this appears to be attributable to a broker call. Today, analysts at UBS have initiated coverage on the company rating it as a sell. OZ Minerals (ASX:OZL) released their third quarter report this morning showing they are on track to achieve...

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Sterling soars amid Brexit deal hopes: ASX set to open higher

16 Oct 2019 - Following positive leads from US markets, the ASX looks set to open higher. It was good news in the US as stocks hit four-week highs. Healthcare and financials led the gains. The UK saw the sterling soar to a four-month high as the Brexit deadline of October 31st draws close. Wesfarmers (ASX:WES) yesterday launched a new sustainability website to provide updates on areas critical to the Group’s performance.

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Nick Scali (ASX:NCK) shares drop on housing market woes: ASX closed 0.1% higher

15 Oct 2019 - After a drop in early trade the ASX managed to maintain momentum and closed 0.1% higher. Southern Cross Media (ASX:SXL) shares have fallen sharply on the back of the company’s latest trading update. Nick Scali (ASX:NCK) shares took a dip today after they released a trading update showing that difficult trading conditions have continued for the first three months into the current financial year.

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Wall St slips on US-China trade deal doubts: Aus shares to follow lower

15 Oct 2019 - The local sharemearket is set to open lower after Wall Street slipped on new concerns around a US-China trade agreement. Australia’s largest airline, Qantas (ASX:QAN) has announced that it is once again in a position to qualify for inclusion in the MSCI Global Investable Market Indexes based on its most recent foreign ownership reconciliation

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MedAdvisor (ASX:MDR) pens deal with Chemist Warehouse: Aus shares 0.8% higher at noon

14 Oct 2019 - The Australian share market opened higher this morning following strong economic headwinds from the US and Europe, including winds of change in the US-China trade war as they strike a partial deal. Energy is leading the charge, rallying 2.8% on news that Santos (ASX:STO) is set to acquire ConocoPhillips’ assets for approximately US$1.39 billion.

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