Latest Market News

Household borrowing strongest growth in five years: Aus shares flat at noon

09 Sept 2019 - Aussie share market kicks off trading week in positive territory, after rising for the two last sessions and gaining 0.5% last week. Afterpay (ASX:APT), Jumbo Interactive (ASX:JIN), Qube (ASX:QUB), Aventus (ASX:AVN) trade at all-time highs. Gold Road Resources (ASX:GOR) positive exploration results from WA. GBST (ASX:GBT) targets female pay equality, shares up 146% YTD.

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Wall Street closes mixed on disappointing jobs data: Aus shares to open lower

09 Sep 2019 - Australian shares look set to open lower following an uneventful end to the week on Wall Street. US stocks closed little changed on Friday after the release of disappointing jobs data. Blue Sky Alternatives Access Fund (ASX:BAF) has announced that a binding agreement has been executed to sell all of the interests in the Atira student accommodation portfolio.

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Construction decline eases in August: ASX tracking 0.5% higher at noon

06 Sep 2019 - The ASX opened higher and continued to rise at the open and is now tracking 0.5% higher at noon. Cooper Energy (ASX:COE) shares shot up almost 10% after their announcement that the exploration well Annie-1 has made a new gas field discovery in the Otway Basin offshore Victoria. Kalium Lakes (ASX:KLL) Beyondie Sulphate of Potash Project has been granted Major Project Status by the Australian Federal Government.

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Could fresh China talks lead to a breakthrough?: ASX set to open higher

06 Sep 2019 - Following positive leads from US markets, the Australian share market looks set to open higher this morning. Wall Street stocks surged under the announcement that China and the US will resume trade talks next month. Rare earths producer, Northern Minerals (ASX:NTU) has raised to date under the company's $30 million Placement approximately $22.6 million

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CYBG shares plummet on PPI fiasco: ASX tracking 1.01% higher at noon

05 Sep 2019 - The ASX opened higher following positive leads from Wall St and is now tracking 1.01% higher at noon. Shares in CYBG (ASX:CYB) took a huge hit today after they announced they will increase provision for PPI costs. The China Commerce Ministry says that the US and China will have trade consultations in mid Sept. Pilbara Minerals (ASX:PLS) successfully raised a total of $36.5m from institutional and sophisticated investors.

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Hong Kong tensions ease, commodities gain: ASX poised to open higher

05 Sep 2019 - Following positive leads from US markets, the ASX looks set to open higher this morning as fresh Chinese economic data lifted commodities. Hong Kong leader Carrie Lam said that she will withdraw a bill that sparked the mass protests. The Hang Seng soared around 4%. Centuria Capital Group (ASX:CNI) has launched a new institutional mandate and joint venture called the Australian Diversified Healthcare Fund.

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Economy in line with expectations, services sector bounces back: 3rd day of red, 0.7% lower at noon

04 Sep 2019 - Aussie dollar bounces back on stronger than expected services sector and GDP in line with expectations, up 0.5% in Jun Qtr, 1.4% on year. All ASX sectors in the red, following Wall Street. About 20 companies go ex-dividend. ASIC takes action against Bendigo and Adelaide Bank (ASX:BEN) for unfair contract terms for its small business loan contracts for Delphi Bank and Rural Bank. Kogan (ASX:KGN) loses major shareholder but shares stay strong.

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