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18Sep

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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18Sep

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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18Sep

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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17Sep

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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17Sep

Oil prices surge: ASX closed 0.3% higher

17 Sep 2019 - The ASX fell at the open following soft leads from Wall Street managing to drag itself up throughout the day and closed 0.3% higher. Ramsay Healthcare (ASX:RHC) lost investors today after reports the Paul Ramsay foundation selling $1.36bn stake. Advance Nanotek (ASX:ANO) has received a Therapeutic Goods Administration for its new manufacturing facility in Brisbane.

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17Sep

House prices fall in June quarter: ASX is 0.2% lower at noon

17 Sep 2019 - The ASX fell at the open following soft leads from Wall Street and is now tracking 0.2% lower at noon. Eclipx Group (ASX:ECX) and shares in the Vocus Group (ASX:VOC) both rose today. Ramsay Healthcare (ASX:RHC) and Corporate Travel Management (ASX:CTD) saw declines. Aurizon (ASX:AZJ) has started proceedings regarding the sale of the Australian assets of Genesee & Wyoming.

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16Sep

Wall St lower on global economic growth concerns, oil surges: Aus share to slip at open

17 Sep 2019 - Australian shares look set to open slightly lower following negative leads from Wall Street on Monday. Stocks fell amid concerns a surge in oil prices will slow down global economic growth. Shares of US oil supermajors Chevron and Exxon Mobil led gains on the Dow Jones. Contact Energy (ASX:CEN) has today announced the appointment of Mike Fuge as CEO.

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16Sep

Northern Star to expand Alaskan gold mine processing plant: ASX closed 0.1 per cent higher

16 Sep 2019 - The ASX managed to gain momentum after lunch today rising to close 0.1% higher. Bellamy’s Australia (ASX:BAL) shares were the big story of the day seeing their shares shoot up over 50% after reports the company is to be bought out by Chinese dairy company for $1.5b. Northern Star Resources (ASX:NST) will invest $43 million to expand the processing plant at its Pogo gold mine in Alaska.

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16Sep

Bellamy’s up over 50% after takeover bid: ASX tracking 0.2% lower at noon

16 Sep 2019 - The ASX opened higher after mixed leads from Wall Street, dropped in the first hour of trade, and is now tracking 0.2% lower at noon. Bellamy’s Australia (ASX:BAL) shares have shot up today after reports the company is to be bought out by Chinese dairy company for $1.5b. Monash IVF (ASX:MVF) has bought Fertility Solutions, a Queensland-based provider of fertility services.

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