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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OFX Group to partner with Link Market Services: Aus shares close 0.2% lower

18 Sep 2019 - OFX Group to partner with Link Market Services. Aus shares close 0.2% lower. Abacus Property Group (ASX:ABP) has appointed Trent Alston to the Abacus Board effective from today. He has over 30 years of experience in the real estate and funds management industry, with the last 13 years as Head of Real Estate for Challenger (ASX:CGF).

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Leading Index growth rate deteriorates: ASX tracking 0.1% lower at noon

18 Sep 2019 - The ASX rose at the open only to drop in the last few hours of trade. It's now tracking 0.1% lower at noon. Tech stocks were higher at the open and are still leading the sectors. Charter Hall Group (ASX:CHC) today announced that it has sold its 20% stake in Pacific Square, Maroubra and Bass Hill Plaza to Charter Hall Retail REIT (ASX:CQR).

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Oil sinks as Saudi Arabia pushes for recovery: ASX set to open higher

18 Sep 2019 - Following soft leads from US markets, the ASX looks set to open higher. Oil is the big story this week after a coordinated attack knocked out 5.7 million barrels of daily crude production, or more than half of Saudi Arabia oil output. Saudi officials say they had restored just under half the output lost. Automotive Holdings Group (ASX:AHG) managing director John McConnell will leave the company.

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