Latest Market News

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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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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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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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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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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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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ASX gains for 4th week, Financials rise 2.7% this week: Aus shares gain 0.2% Friday, 0.3% on week

13 Sep 2019 - Aussie shares gain 22pts/0.3% on week. Westpac (ASX:WBC) shares hit a new year high yesterday $29.97. Rural Funds Group (ASX:RFF) files legal proceedings against Bonitas Research in NSW Supreme Court. JB Hi-Fi (ASX:JBH) shares hit a new all time high. ACCC proposes to Virgin Australia (ASX:VAH) to work more closely with Virgin Atlantic.

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ECB cuts rates and introduces QE, Trump wants a trade deal: Aus shares rise for 3rd day, up 0.2% noon

13 Sep 2019 - Aussie shares rise as expected on ECB rate cut to -0.5% plus introducing €20b pm in QE. Trump wants full agreement to trade deal. Credit Corp (ASX:CCP) shares trade at new all-time high, Orica (ASX:ORI) at multi-year high. Westpac (ASX:WBC) trades at new year high, Citi says it's a 'buy' even though dividend to drop 10%. Pilbara Minerals (ASX:PLS) to raise $20m through SPP. Syrah Resources (ASX:SYR) clocks revenue.

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Trump delays Chinese tariffs: ASX poised to open higher

13 Sep 2019 - Following positive leads from US markets, the ASX looks set to open higher this morning. Stocks on Wall Street rose yesterday. Earlier this week President Donald Trump agreed to delay an additional increase in tariffs on Chinese goods. Integrated Research (ASX:IRI) is pleased to announce the appointment of Mr John Ruthven as Managing Director.

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