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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19 Mar 2021 - Australian shares fell at the open following negative leads from the US overnight. They continued to sink in early trade. The market managed to shrug off weaker than expected preliminary retail trade data and staged a valiant attempt at a recovery in the second half of the session. But this wasn’t enough to move the S&P/ASX200 into positive territory. At the closing bell the S&P/ASX 200 index closed 0.6 per cent or 38 points lower...
01 Feb 2021 - The ASX is set to open lower this morning as Wall Street dropped. The US markets may have entered a correction phase, as hedge funds sell to cover short sale losses. US senators Bernie Sanders and Elizabeth Warren are calling for Wall Street reform after the frenzy over GameStop shares last week. A new coronavirus lockdown has been announced for Perth after a quarantine hotel worker has tested positive. And Talga (ASX:TLG) completes $25...
10 Feb 2020 - The Australian share market opened weaker this morning, dropped in the first hour of trade and rebounded over the afternoon to close 0.1 per cent lower. Oil continued its 5 week slide. PSC Insurance Group (ASX:PSI) have acquired both the business assets of Ultimate Safety Solutions Australia, and 75 per cent of the share capital of Eden Software Pty Ltd.
18 Feb 2020 - The ASX dropped at the open and is now tracking 0.2% lower at noon. Shares in Seven West Group also rose. Shares in the Monadelphous Group (ASX:MND) rose today after they released their results showing a revenue rise of $852 million, an increase of 2.6%.
07 Sep 2020 - Australian shares are bouncing back from a dip at the open. CSL has risen almost 1 per cent on news of its COVID-19 supply deal with the Federal Government. BHP Group has risen 2.5 per cent and Rio Tinto is up almost 3 per cent. The S&P/ASX 200 index is 25 points up or 0.4 per cent higher at 5950. On the futures market the SPI is 33 points higher.
16 Feb 2023 - Stocks ticked higher Wednesday as traders mulled stronger-than-expected retail sales along with the latest US inflation data. Later this week, traders will also be listening to speeches from Federal Reserve officials for any signs of what the central bank may do at its next meeting in March.
06 Jun 2022 - While some leading CEO’s are sounding the alarm on a recession, the actual economic data is yet to confirm this scenario. With US employment data pointing to a super low unemployment rate of 3.6%, CEO’s are looking to freeze employment. Only time will tell.
07 Sep 2020 - The Australian share market finished a seesaw session firmly higher after a late rally. Biotech giant CSL (ASX:CSL) closed 1 per cent higher after news the Federal Government will fund the company to help it manufacture a COVID-19 vaccine. The major banks and miners helped to offset losses in energy and industrials. Shares slipped to one month lows at the open but clawed back to finish up 19 points or 0.3 per cent higher at...
24 Sep 2024 - The S&P 500 reached a new all-time closing high on Monday, extending last week's momentum following the Federal Reserve's recent interest rate cut.
26 Aug 2019 - China enforces $75 billion of 5-10% tariffs, plus adds 25% on US cars. Trump tweets back, rising China $250 billion tariff to 30% & rising $300 billion tariff to 15%, seeing yield curve briefly invert, oil sinks and gold rally. Sequoia Financial (ASX:SEQ) 11.9 million buyback, Fortescue (ASX:FMG) profit up 195%, Monash IVF (ASX:MVF) profit sinks 2.3% & Regis Resources (ASX:RRL) to triple Duketon gold tenements.
