Global stocks rise overnight: ASX poised to open higher

29Sep

Global stocks rise overnight: ASX poised to open higher

 

The Australian share market looks set to open higher this morning as global equities rose overnight. Banks did well as they pushed the lead.In the US, Boeing pushed the Dow higher. Over in Germany, Frankfurt closed over 3 per cent higher.

Local Economic News

Weekly data on credit and debit card spending from the Commonwealth Bank (CBA)

Markets

Wall Street closed higher yesterday: The Dow Jones Industrial Average gained 1.5 per cent to 27,584 the S&P 500 added 1.6 per cent to 3352 and the NASDAQ closed 1.9 per cent higher at 11,118.

European markets closed higher, London’s FTSE gained 1.5 per cent, Paris added 2.4 per cent and Frankfurt closed 3.2 per cent higher.

Asian markets closed mixed, Tokyo’s Nikkei added 1.3 per cent, Hong Kong’s Hang Seng gained over 1 per cent and China’s Shanghai Composite closed 0.1 per cent lower.

Taking all of this into equation, the SPI futures are pointing to 0.6 per cent gain.

Yesterday, the Australian share market closed 0.2 per cent lower at 5952.

Company news

Tilt Renewables (ASX:TLT) now has all 80 turbines erected and major site infrastructure works complete at Dundonnell Wind Farm in Western Victoria. The 336MW site is now limited to rehabilitation and demobilisation. Tilt has been working with the Australian Energy Market Operator (“AEMO”) and the turbine supplier Vestas, to undertake further performance modelling and testing in order to allow the wind farm to progress through the commissioning sequence now required by AEMO. This work has resulted in the wind farm being cleared, today, to increase output to 150MW with all 80 turbines able to operate and export energy within that total output cap. TLT confirms the previously stated FY21 EBITDAF range of $65 million to $80 million, assuming P50 wind conditions. Shares in Tilt Renewables (ASX:TLT) closed flat at $3.35 yesterday.

Ex-Dividends

APN Industria REIT (ASX:ADI) is paying 4.3 cents unfranked
Australian Unity Office Fund (ASX:AOF) is paying 3.75 cents unfranked
APN Convenience Retail REIT (ASX:AQR) is paying 5.475 cents unfranked
Arena REIT No 1 (ASX:ARF) is paying 3.625 cents unfranked
Aventus Group (ASX:AVN) is paying 4 cents unfranked
Centuria Industrial Reit (ASX:CIP) is paying 4.25 cents unfranked
Charter Hall Long WALE REIT (ASX:CLW) is paying 7.2 cents unfranked
Cromwell Property Group (ASX:CMW) is paying 1.875 cents unfranked
Centuria Office REIT (ASX:COF) is paying 4.125 cents unfranked
Charter Hall Social Infrastructure REIT (ASX:CQE) is paying 3.75 cents unfranked
Elanor Commercial Property Fund (ASX:ECF) is paying 2.5 cents unfranked
Energy One Limited (ASX:EOL) is paying 3.5 cents unfranked
Gryphon Capital Income Trust (ASX:GCI) is paying 0.71 cents unfranked
Garda Diversified Property Fund (ASX:GDF) is paying 1.8 cents unfranked
Kkr Credit Income Fund (ASX:KKC) is paying 2.5 cents unfranked
Kirkland Lake Gold (ASX:KLA) is paying 14.45 cents unfranked
Meridian Energy (ASX:MEZ) is paying 9.968 cents unfranked
Perpetual Cred Trust (ASX:PCI) is paying 0.2968 cents unfranked
Qualitas Real Estate Income Fund (ASX:QRI) is paying 0.7956 cents unfranked
Redcape Hotel Group (ASX:RDC) is paying 1.83 cents unfranked
Rural Funds Group (ASX:RFF) is paying 2.8203 cents unfranked
360 Capital Grp (ASX:TGP) is paying 1 cents unfranked
360 Capital REIT (ASX:TOT) is paying 1.5 cents unfranked

Currencies

One Australian Dollar at 7:45 AM was buying 70.74 US cents, 55.13 Pence Sterling, 74.63 Yen and 60.65 Euro cents.

Commodities

Iron Ore has added 0.8 per cent to US$116.15.
Iron Ore futures are flat.
Gold has gained $19.80 to US$1886 an ounce.
Silver was up $0.72 to US$23.82 an ounce.
Oil was up $0.32 to US$40.57 a barrel.

Copyright 2020 – Finance News Network


Source: Finance News Network

Share this post

Related Posts

30Aug

Technology stocks struggle in rising rate environment

30 Aug 2022 - US equities were lower in very quiet Monday trading. The week ahead will see investors focused on China’s PMI, the Eurozone CPI on Wed and the US jobs report on Friday.

Read More
25Feb

AUD hits a three year high against the USD: ASX poised to open higher

25 Feb 2021 - Following positive leads from US markets, the ASX looks set to open higher this morning. In his second day of testimony to Congress, US Federal Reserve Chairman Jerome Powell has pledged low rates until inflation exceeds 2% boosting confidence in US investors. The Australian dollar hit a fresh three-year high touching almost 80 US cents. The a2 Milk Company (ASX:A2M) experienced a challenging first half with NPAT down 35.1%.

Read More
20Apr

Nasdaq jumps, Energy complex sells off, Flight Centre, Betmakers, Ramsay, Rio on watch: ASX to rise

20 Apr 2022 - Wall St gains as investors shrug off rising treasury yields and focus on earnings results. Energy complex sold off amid the International Monetary Fund and World Bank slashed global economic growth forecasts. Aussie dollar bounces back after hawkish RBA minutes.

Read More
10Jun

All time highs for big tech companies: ASX poised to open lower

10 Jun 2020 - Following a fall from US markets overnight, the ASX looks set to open lower this morning. Stocks regained US$21 trillion in value from a March low. The Nasdaq hit a new record with Facebook, Apple, Amazon and Microsoft all hit new all-time highs yesterday. Oil jumped as fuel demand recovers from April’s collapse. Meridian Energy (ASX:MEZ) are pleased to see a decision has been made by the Electricity Authority on the Transmission Pricing Methodology Guidelines...

Read More
01Jun

Aussie shares reverse early dip, big 4 push higher, iron surges boosting miners: Aus shares 0.7% higher at noon

01 Jun 2020 - The Australian sharemarket has reversed an early dip the beginning of the trading week as the big four bank stocks push higher, while property stocks are taking a hit on the back of falls in property prices. The S&P/ASX200 Index is up 40 points, or 0.7 per cent, to 5796 points. Futures are pointing to a rise of 42 points.

Read More
08Jul

Consumer staples lead the sectors: ASX tracking 0.4% lower at noon

08 Jul 2020 - The Australian share market took a dip at the open and is now tracking almost 0.4 per cent lower at noon. Northern Star Resources (ASX:NST) saw a rise in their shares today. Shares in Domain Holdings (ASX:DHG) took a dip. Sezzle (ASX:SZL) has made some key changes to its leadership team today.

Read More
18Sep

Wall St slides lower on soft inflation, Zip Co’s price target gets cut: ASX to fall

15 Sep 2021 - Global indexes closed mixed despite soft U.S. inflation data ahead of the Fed's meeting next week. Climbing cases of Covid-19 in the U.S. & China weighed on consumer sentiment. RBA’s tune underpinned the afternoon surge on the ASX. Macquarie gave Zip Co's (ASX:Z1P) price target a cut and their reason why.

Read More
04Sep

Tech sector down 5.6% today: Aus shares lose 2.5% over week

04 Sep 2020 - The Australian share market plunged in early trade, dragged down by Aussie tech stocks and tracked sideways for most of the day to finish 3.1 per cent lower. Tech stocks shed 5.6 per cent today and every sector lost 1.7 per cent or more. Meanwhile, iron ore continues to trade at 6-year highs. Macquarie expects vehicle leasing and salary packaging company, Eclipx Group (ASX:ECX) to outperform, assigning it a 12 month price target of $1.70.

Read More
18Feb

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
15May

US markets close up: Australian share market set to open higher

15 May 2020 - Following positive leads from US markets, the Australian share market looks set to open higher this morning. Jeweller Michael Hill (ASX:MHJ) will reopen 100 stores across Australia and 25 in New Zealand.

Read More