Latest Market News

Wall Street lower on trade tensions : Aus shares to open flat

23 Sep 2019 - Australian shares are set to open flat following weak leads from Wall Street. Stocks fell Friday on news that Chinese officials were cutting short their visit to the US dampening hope of a trade war resolution between the two countries. National Australia Bank has announced that Ross McEwan will start with the Bank as Group CEO and MS on Monday 2 December 2019.

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Redbubble upgraded to a buy: Aus shares spike

20 Sep 2019 - The ASX is trading 0.6% higher at midday. All of the sectors are trading in positive territory with Technology and Real Estate leading the way. Goldman Sachs has upgraded Redbubble (ASX:RBL) from a neutral to a buy.

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Global climate strike kicks off: Aus shares to open higher

20 Sep 2019 - The Australian share market looks set to open higher following strong leads from the US. Overnight the OECD released an interim economic outlook report projecting the weakest annual growth rates since the financial crisis. Cedar Woods Properties (ASX:CWP) has penned a conditional agreement to acquire a 12.4 ha property in WA for $21.2 million.

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Jobless rate rises on last month: ASX tracking 0.8% higher at noon

19 Sep 2019 - The ASX rose at the open and managed to maintain momentum - it's now tracking 0.8% higher at noon. The Australian dollar dipped on the news the jobless rate has increased on last month. Shares in Brickworks (ASX:BKW) are on the rise after they reported a record underlying NPAT from continuing operations of $234 million, up 4% on the prior year. The Board of Credit Corp Group (ASX:CCP) has appointed two new Non-Executive Directors, Trudy...

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Trump on Fed: ‘No guts’ after small interest rate cut: ASX set to open slightly higher

19 Sep 2019 - Following weak leads from US markets, the ASX looks set to open slightly higher this morning. The Federal Reserve cut interest rates by a quarter of a percentage point for the second time this year. Traders were left disappointed after the Fed failed to signal it will cut rates again this year. President Donald Trump says the Fed and its chairman, Jerome Powell, have “no ‘guts,’ no sense, no vision!” ELMO Software (ASX:ELO) is to...

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