Facebook shares fell over 7% after 4Q results: ASX poised to open flat

30Jan

Facebook shares fell over 7% after 4Q results: ASX poised to open flat

 

Following soft leads from US markets, the Australian share market looks set to open flat this morning. Over in the US, Facebook shares fell as much as 7 per cent yesterday after the company reported rising costs and expenses in its fourth-quarter earnings.Tesla delivered better-than-expected Q4 2019 results, the company reported deliveries of 112,000 vehicles during the fourth quarter, a record for them. On the commodities front, oil dropped and gold gained.

Local economic news 

ABS

International Merchandise Trade: Confidential Commodities List, December 2019.

International Trade Price Indexes, December 2019

Markets

Wall Street closed mixed yesterday: The Dow Jones Industrial Average closed 0.04 per cent higher at 28,734, the S&P 500 lost 0.1 per cent to 3273 and the NASDAQ added 0.1 per cent to 9275.

European markets closed higher: London’s FTSE added 0.04 per cent, Paris gained 0.5 per cent and Frankfurt was up 0.2 per cent.

Asian markets closed mixed: Tokyo’s Nikkei added 0.7 per cent, Hong Kong’s Hang Seng shed 2.8 per cent and China’s Shanghai Composite was closed.

Taking all of this into equation, the SPI futures are pointing to a 10 points drop.
The S&P/ASX200 closed 37 points or 0.53 per cent higher at 7031.5 yesterday.

Company news

PainChek (ASX:PCK), an app for pain management, now has two granted patents, a US patent and a Japanese patent. These patents allow PainChek® to protect the intellectual property. It also provides PainChek with exclusive rights to exclude others from making, using, selling or importing the invention for 20 years from the filing date in the US which was in 2017. The US is the largest medical device market in the world and has more than six million people living with dementia. Establishing intellectual property in the US is a crucial step forward as part of protecting and growing the PainChek® brand internationally. Shares in PainChek (ASX:PCK) closed flat at $0.16 yesterday.

Ex-dividends

Gryphon Capital Income Trust (ASX:GCI) is paying 0.73 cents unfranked
Perpetual Credit Income Trust (ASX:PCI) is paying 0.3741 cents unfranked
Qualitas Real Estate Income Fund (ASX:QRI) is paying 0.8233 cents unfranked

Currencies

One Australian Dollar at 8:35 AM was buying 67.49 US cents, 51.88 Pence Sterling, 73.59 Yen and 61.34 Euro cents.

Commodities

Gold has added $6.20 to US$1582 an ounce.
Silver has gained $0.08 to US$17.54 an ounce.
Oil has shed $0.38 to US$53.10 a barrel.
Copyright 2020 – Finance News Network


Source: Finance News Network

Share this post

Related Posts

29Sep

US stocks rise, Traders watch Treasury yields

29 Sep 2023 - Stocks rose Thursday, as Wall Street tried to regain some of this month’s steep losses and traders kept an eye on Treasury yields.

Read More
15Feb

S&P 500 falls for 4th week on Wall St slump, Ukraine & Russia war fears loom: ASX to fall

14 Feb 2022 - Mounting tension between Russia and Ukraine spurs market sell off and treasury yields to recover. Weekly review on Wall and ASX. What to look out for this week as more central bankers are set to speak.

Read More
22Apr

Qantas shares lose 6.4%: ASX closes flat

22 Apr 2020 - The ASX managed to gain momentum today and pull itself up to close flat. WiseTech Global (ASX:WTC) shares surged after reaffirming their guidance today. Qantas (ASX:QAN) shares dropped over 6%. Myer (ASX:MYR) has taken the decision to extend the period of temporary closure of all physical stores until at least 11 May 2020.

Read More
18Dec

AGL faces major outage as worker seriously injured: Aus shares 0.7% lower at noon

18 Dec 2020 - The Australian share market opened slightly higher following positive leads from US markets. It’s down after 2 hours of trade, dragged lower by the banks. The S&P/ASX 200 index is 45 points down or 0.7 per cent lower at 6,712. On the futures market the SPI is 53 points higher. AGL (ASX:AGL) says that Unit 3 of its Liddell Power Station is out of service following a transformer incident that “seriously injured” a worker.

Read More
19Apr

Markets flat as US earnings season shows resilience

19 Apr 2023 - Equity markets finished flat on Tuesday as traders digested a slew of earnings reports and their implications for the US economy.

Read More
28Jan

Global markets sweat over Coronavirus: ASX poised to open lower

28 Jan 2020 - Following negative leads from US markets, the ASX looks set to open lower this morning as markets continue to be rocked by the coronavirus. Several companies, including Walt Disney in China, are suspending operations until further notice. On the commodities front, oil dropped below $60 for the first time in three months. Gold rose. BINGO (ASX:BIN) today advised that the ACCC is conducting an investigation into the B&D waste sector in New South Wales.

Read More
19Jan

Bingo (ASX:BIN) shares soar on offer from CPE: ASX tracking 1.2% higher at noon

19 Jan 2021 - The local bourse has continued to climb in the first two hours of trade with gains in the industrial sector. The S&P/ASX 200 index is 81 points up or 1.2% up at 6,744. On the futures market the SPI is suggesting a rise of 79 points. Shares in waste management company Bingo Industries (ASX:BIN) skyrocketed today after they received an offer at $3.50 from CPE.

Read More
05Jan

Gold miners push up the materials sector: ASX tracking 0.3% lower at noon

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.

Read More
10Jul

Sezzle (ASX:SZL) set to raise $86.3M: Aus shares 0.1% lower at noon

10 Jul 2020 - The Australian share market is off to a rocky start today. It opened lower following renewed fears of a second wave of covid-19 in the US and is now tracking 0.1% per cent lower at noon. Macquarie rates Rio Tinto (ASX:RIO) as an outperform with a 12 month price target of $112. Buy now, pay later provider Sezzle (ASX:SZL) is to raise $86.3 million.

Read More
16Sep

Wall St lower on global economic growth concerns, oil surges: Aus share to slip at open

17 Sep 2019 - Australian shares look set to open slightly lower following negative leads from Wall Street on Monday. Stocks fell amid concerns a surge in oil prices will slow down global economic growth. Shares of US oil supermajors Chevron and Exxon Mobil led gains on the Dow Jones. Contact Energy (ASX:CEN) has today announced the appointment of Mike Fuge as CEO.

Read More