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05Sep

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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04Sep

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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04Sep

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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03Sep

US Manufacturing Index signals contraction: ASX set to open lower

04 Sep 2019 - Following negative leads from US markets, the ASX looks set to open lower this morning after US stocks fell as an American manufacturing report signaled contraction for the first time in three years. On the commodities front, oil lost as safe haven gold jumped $27. Following months of uncertainty Oil Search (ASX:OSH) says the Papua New Guinea Government to say it has now cleared the Papua LNG deal with French oil major Total.

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03Sep

Disappointing retail trade and US future weigh in arvo trade: Aus shares close 0.1% lower

03 Sept 2019 - Market wrap: weaker than expected retail trade weighs, coupled with negative US futures. RBA says low-interest rates required to progress Australia. Surplus of $5.9b vs $1.4b expected. Nickel miner Independence Group (ASX:IGO) trades at 4-year highs on industry supply concerns. Amcor (ASX:AMC) dividend of US$0.12 for Qtr, EPS up for FY20. ASX and Oil Search (ASX:OSH) await PNG LNG decision from Govt.

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03Sep

First surplus in 44 years, RBA to hold rates at 1%: Aus shares 0.1% up at noon

03 Sep 2019 - Better than expected Aussie current account surplus $5.9b, vs $1.4b, while retail trade disappoints. Independence Group (ASX:IGO) shares trading at 4-year years highs on nickel price surge. Bellamy's Australia (ASX:BAL) sees JP Morgan bump up stake in its business. Oil Search (ASX:OSH) expects key PNG Govt decision later today. Iron ore continues to bounce back. AUD new 10.5 year low.

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02Sep

Wall Street closed, European markets lift: Aus shares to drift lower at open

03 Sep 2019 - The Australian sharemarket looks set to open lower this morning ahead of the Reserve Bank's interest rate decision. US markets were closed on Monday for the Labor day holiday. Abacus Property Group (ASX:ABP) has exchanged contracts for the acquisition of five self storage properties for $57 million with settlement expected by the end of the year.

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02Sep

Nickel miners surge on Indo export bank: Aus shares snap 4-day win streak, lose 0.4%

02 Sep 2019 - Aussie shares see first day of red in five sessions, falling 0.4%. Manufacturing rises more than expected. Incitec Pivot Limited’s (ASX:IPL) kicks off review of Asia Pacific businesses, drops EBIT forecast. Western Areas (ASX:WSA) shares jump to year-high, up 14% on nickel price jump & JV progress. Telstra (ASX:TLS) updates guidance. Australian Unity Office Fund (ASX:AOF) $495m takeover on the cards.

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02Sep

Sluggish start to week, Nickel prices & companies soar: Aus shares 0.1% lower at noon

02 Sep 2019 - Sluggish start to the trading week, Aussie shares break the four-day winning streak. Nickel prices skyrocketed to five-year highs on Indonesia banning ore exports from Dec. Australian manufacturing stronger than expected for new financial year. Link Group (ASX:LNK) upgraded with PT of $6.20. Western Areas (ASX:WSA) shares surge to year high on Nickel price rise plus on new discovery of high-grade nickel-copper at JV. Netwealth Group (ASX:NWL) Heine family reduce stake.

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