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.
06 Feb 2023 - Stocks fell on Friday due to a strong jobs report, causing some investors to worry about the Federal Reserve continuing to raise interest rates. The seemingly endless announcements of mass layoffs notwithstanding, Americans haven’t been this employed in more than fifty years. The Bureau of Labor Statistics said on Friday that the US added a whopping 517,000 jobs last month and the unemployment rate dropped slightly, to 3.4% - the lowest it’s been since 1969.
24 Jun 2021 - In this report, I cover Wall St's mixed performance as investors took a breather amid surprising economic news. A wrap up of yesterday's local bourse which chased tech shares after bond yields eased. Why Ords downgrades Adairs (ASX:ADH). US Afterpay expands to 13 big names overnight.
29 Jan 2020 - It has been a positive day of trade for the ASX the local bourse managed to close 0.5% higher. oOh!media (ASX:OML) shares dropped today after announcing Managing Director & CEO Brendon Cook will step down this year. American investment firm Starwood Capital Group is set to make a $485 million all-cash offer for Australian Unity Office Fund (ASX:AOF).
05 Dec 2021 - The ASX opened lower this morning. The S&P/ASX 200 Index 20 points down or 0.3% lower at 6,664. Futures are pointing to a fall of 12 points. Gold miners are pushing the materials sector higher with shares in Ramelius Resources (ASX:RMS) on the up. Shares in Unibail-Rodamco-Westfield (ASX:URW) have seen a drop today.
24 Jul 2024 - US markets hovered around flat as traders and investors awaited earnings numbers from Google parent Alphabet & EV giant Tesla. Both companies were due to report after the close.
18 May 2023 - Stocks rose Wednesday as investors hoped congressional leaders and President Joe Biden could come to a deal on the US debt ceiling and avoid a catastrophic default.
29 Aug 2019 - The ASX fell throughout the day managing to gain momentum before the close to close at 0.1% higher. Financial company Link Administration Holdings (ASX:LNK) shot up over 10% today after reporting their NPAT was up 123% for the year. System solutions providers Objective Corp (ASX:OCL) has been awarded a $38 million contract with City of Gold Coast to continue their digital transformation.
09 Jun 2020 - The ASX shot up at the open and is now tracking almost 2.4 per cent higher at noon. The banks are boosting the market today. The NAB (ASX:NAB), Westpac (ASX:WBC) and ANZ (ASX:ANZ) all rose up over 6%.The aussie dollar continues to rally and the iron ore price is up almost 5%. Oil Search (ASX:OSH) has obtained an interim injunction from the National Court of Papua New Guinea, allowing trading to commence on the PNGX.
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...
25 Sep 2020 - The Australian share market has advanced in early trade. All of the sectors are up, with Financials leading the charge following news that the Federal Government is looking to do a backflip and wind back responsible lending laws. BGH Capital’s subsidiary which is set to purchase Village Roadshow (ASX:VRL) may not have to pay the cinema uplift of $0.08 per share.