ANZ jobs ads at a 12-year high: ASX tracking almost 1% higher at noon

06Apr

ANZ jobs ads at a 12-year high: ASX tracking almost 1% higher at noon

 

The Australian share market rose at the open and is now tracking almost 1 per cent higher at noon. The S&P/ASX 200 index is 65 points up at 6,894. On the futures market the SPI is 80 points higher.

Local economic news

ANZ Australian job ads measure up 7.4 per cent month-on-month in March – a 12 year high.

Company news

Fleetwood (ASX:FWD) has appointed a new Chief Executive Officer – experienced building and construction materials executive Bruce Nicholson. Bruce replaces former Managing Director and CEO Brad Denison, who resigned in November 2020. Interim CEO Andrew Wackett, will return to his role as Chief Financial Officer and Joint Company Secretary upon Mr Nicholson commencing. Shares in Fleetwood (ASX:FWD) are currently 3.4 per cent higher at $2.78.

Best and worst performers

The best-performing sector is Information Technology, adding 4 per cent, while the worst performing sector is Healthcare, shedding 0.3 per cent.

The best performing stock in the S&P/ASX 200 is Cleanaway Waste Management (ASX:CWY), rising 9.8 per cent to $2.42, followed by shares in Afterpay (ASX:APT) and Codan (ASX:CDA).

The worst performing stock in the S&P/ASX 200 is Incitec Pivot (ASX:IPL), dropping 8.9 per cent to $2.66, followed by shares in Chorus (ASX:CNU) and AMP (ASX:AMP).

Commodities and the dollar

Gold is trading at US$1,734 an ounce.
Iron ore price fell 1.8 per cent to US$163.89.
Iron ore futures are pointing to a rise of 0.5 per cent.
One Australian dollar is buying 76.48 US cents.
 
Copyright 2021 – Finance News Network


Source: Finance News Network

Share this post

Related Posts

23Jun

Powell says 1970s-style inflation is unlikely, Why Sonic Healthcare is a hold: ASX to dip

23 Jun 2021 - In this report I cover Wall St's performance following Federal Reserve Chairman Jerome Powell's testimony to the House Select Subcommittee, a wrap up of yesterday’s local bourse and why Sonic Healthcare (ASX:SHL) is a hold after Citi downgrades its rating. Three things to look at today in local economic news that could move the needle.

Read More
21Oct

Retail investors switching to cash: Tesla under pressure

21 Oct 2022 - Stocks fell in choppy trading on Thursday as investors weighed several key earnings reports and kept an eye on the bond market, where Treasury yields continue to climb.The selling pressure across the market appears to be coming from retail investors who are piling into cash, with nearly $140bn switched into retail money market funds so far in 2022.

Read More
14Nov

Unemployment figures hit the mark: Aus shares close 0.6% higher

14 Nov 2019 - The Australian share market saw a strong rally off the back of trend unemployment data which met the consensus. The market managed to maintain momentum over the afternoon to finish 0.6 per cent higher. Engineering company Monadelphous Group (ASX:MND) has acquired Chile-based Buildtek and Maqrent.

Read More
25Feb

Treasury Wine Estates (ASX:TWE) will not achieve growth guidance: Aus shares close 1.6% lower

25 Feb 2020 - The Australian share market today closed 1.6 per cent lower with Coronavirus fears dominating the sell-off. Treasury Wine Estates (ASX:TWE) believes it will not achieve previous growth guidance for the financial year.

Read More
17Feb

Asaleo Care (ASX:AHL) has agreed to Essity’s offer: ASX tracking 0.7% lower at noon

17 Feb 2021 - The Australian share market dropped during the early trading hours and is tracking 0.7 per cent lower or 49 points lower at noon at 6,869. On the futures market the SPI is 55 points lower. Materials is the only sector in the green. Asaleo Care (ASX:AHL) has agreed to Essity's offer.

Read More
05May

Investors await RBA statement: ASX to open higher

05 May 2020 - Following a buying spree from US markets, the ASX looks set to open higher this morning. Crude oil gained for a fourth consecutive day. Stocks were lower during much of yesterday’s session after tensions escalated between the Trump administration and China, but energy, information technology and utilities gained with a late session rally. Centuria Capital (ASX:CNI) has agreed to acquire an initial 19% interest in Augusta Capital, New Zealand’s leading listed real estate funds manager.

Read More
02Mar

S&P 500 closes lower as investors digest Feb’s losses

02 Mar 2023 - The S&P 500 fell overnight, as traders struggled to recover their footing following a losing month and that bond yields have continued their climb. The moves came as bond yields extended their February gains, with the benchmark 10-year yield briefly topping 4% for the first time since November. The 1-year Treasury yield rose above 5%.

Read More
28Apr

Mixed finish on Wall St after tech rout, Star, Cochlear, Woodside, Coles on watch: ASX to rise

28 Apr 2022 - Major US benchmarks almost rallied in tandem after a volatile session. Deep dive on why tech shares underperformed. Musk agrees to pay Twitter a US$1b 'breakup' fee. What corporate earning themes to keep an eye out for in today's production updates with Fortescue Metals (ASX:FMG), Newcrest Mining (ASX:NCM), and Coles (ASX:COL) on the docket.

Read More
11Oct

Dow and S&P 500 fall as sticky inflation report pressures stocks

11 Oct 2024 - US stocks declined on Thursday, with the S&P 500 and Dow Jones Industrial Average retreating from record highs amid signs of persistent inflation.

Read More
14Jan

Wall Street rallies on news US will remove currency manipulator tag from China: Aus shares to open higher

14 Jan 2020 - The Australian share market is set to edge higher following a rally on Wall Street on the back of reports the US will remove China from a list of currency manipulating countries.

Read More