Australian shares are down 0.55 per cent by mid afternoon following a weak Wall Street performance and lower-than-expected November inflation. Mining stocks, especially iron ore giants, dropped 1.4 per cent, while uranium stocks rose due to US interest in domestic supply. Bitcoin also fell by 3.5 per cent following a false SEC tweet.
The November consumer price indicator eased to 4.3 per cent, which may impact the Reserve Bank of Australia's February decision.
Notable stock movements include Alumina surging by 13.5 per cent, Mineral Resources acquiring a 9.97 per cent stake in Kali Metals, and Neometals gaining 14.3 per cent with a $30 million order from Mercedes-Benz. Meanwhile, Worley remains halted amid allegations of illegality and bad faith by an Ecuadorian tribunal.
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29 Jan 2021 - The Australian market opened higher following positive leads from Wall Street and continues to rise in early trade. Healthcare and Industrial stocks are leading the charge this morning. The S&P/ASX 200 index is 54 points up or 0.8 per cent higher at 6,704 at noon. Shares in Lynas Rare Earths (ASX:LYC) jumped this morning after it announced that sales revenue rose to a record $119.4 million in the December quarter.
03 Jul 2020 - Australian shares are set to rise at the open following gains on Wall Street overnight. Better than expected US job data bolstered equities. The US economy added 4.8 million jobs in June, pushing the unemployment rate to 11.1 per cent, down from 13.3 per cent in May. Gold has advanced and the Australian dollar is edging higher. The board of Lovisa Holdings (ASX:LOV) has decided to exit the Spanish market.
25 Oct 2019 - Following mixed results from the US, the Australian share market is pointing to gains at the open, with the S&P/ASX200 expected to extend the 4 straight days of gains w have seen this week. Diversified mineral explorer, Ardea Resources (ASX:ARL) is planning to spinout its NSW assets.
20 Nov 2020 - The Australian share market opened higher, took a brief dip into negative territory then rose on better than expected economic data. The data was dour but managed to beat the market’s overly pessimistic forecasts.
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.
04 Aug 2020 - The ASX lifted at the opening bell, rising more than 2 per cent to above 6,000, fuelled by tech stocks and a lift in the major banks. All sectors are in the green, even though retail faces a tough term ahead as non-essential bricks-and-mortar stores are forced to shut down in Melbourne for at least six weeks. JB HI-FI (ASX:JBH) will temporarily close its bricks-and-mortar JB HI-FI and The Good Guys stores across metropolitan Melbourne...
22 Nov 2022 - Stocks fell Monday in a volatile session to start a short trading week due to the Thanksgiving holiday. Fears that China may again ramp up Covid restrictions after reporting deaths from the virus weighed on markets, sending energy stocks and oil prices lower. In Australia today - the Treasury will release a discussion paper on BNPL sector.
12 Dec 2019 - The ASX took a dip at the open and continued to fall throughout the morning. They are now tracking 0.6% lower at noon. Webjet (ASX:WEB) shares have dropped and Redbubble (ASX:RBL) shares took a huge fall today after the company revised its growth outlook for 2020.
12 Nov 2019 - The Australian share market looks set to open higher this morning despite the mixed shares on Wall Street in late trade. Alibaba (NYSE:BABA) sets sales record of more than $38 billion. Mercury NZ (ASX:MCY) has committed to completing New Zealand’s largest wind farm.
