Job vacancies fall for the first time in years: ASX tracking 0.2% lower at noon

26Sep

Job vacancies fall for the first time in years: ASX tracking 0.2% lower at noon

 

The Australian share market opened higher then fell after early morning trade and is now tracking 0.2 per cent lower at noon. Newcrest (ASX:NCM) shares dropped today after they reported RC drilling had started at the Tanami region of WA. Newcrest is sole funding exploration activities across a series of joint ventures with Encounter in the Tanami and West Arunta regions. Many have been forecasting lower coal prices. Bingo Industries (ASX:BIN) shares are on the rise as are Jumbo (ASX:JIN). The best-performing sector is Infotech while the worst performing sector is Utilities in the first two hours of trade.

The S&P/ASX 200 index is 15 points down at 6,695. On the futures market the SPI points to a slight fall of 0.27 per cent or 19 points lower.

Local economic news

The number of job vacancies in Australia decreased by 1.3 per cent over the August 2019 quarter. In original series terms, Tasmania had the largest percentage increase in vacancies over the year, while the largest percentage decrease in vacancies occurred in Victoria.

Company news

Instalment payment solution company Sezzle (ASX:SZL) is now available to online businesses worldwide through Visa’s CyberSource payment management platform. The relationship means CyberSource merchants will be able to offer Sezzle’s zero-interest ‘buy now, pay later’ (BNPL) solution. Shares in Sezzle (ASX:SZL) are trading 3.3 per cent higher at $2.18.

The Citadel Group (ASX:CGL) says that Sam Weiss has decided not to offer himself for re-election at the Company’s forthcoming Annual General Meeting after a short time with the company. They will continue to seek out additional directors who have global technology experience to support the Citadel 2.0 strategy and the Company’s international expansion. Shares in Citadel Group (ASX:CGL) are 0.7 per cent lower at $3.75

IPO

One of the largest private markets investment managers in the world, Partners Group (ASX:PGG) started trading today. It issued shares at $2:00 and started trading on the ASX at $2:05 and is currently trading at $2:05.

Best and worst performers

The best-performing sector is Infotech, adding 0.7 per cent, while the worst performing sector is Utilities, shedding 1.3 per cent.

The best performing stock in the S&P/ASX 200 is Bingo Industries (ASX:BIN). rising 4.7 per cent to $2:25, followed by shares in Monadelphous (ASX:MND) Lendlease Group (ASX:LLC)

The worst performing stock in the S&P/ASX 200 is Silver Lake Resources (ASX:SLR), dropping 4.8 per cent to $0.95, followed by shares in Gold Road Resources (ASX:GOR) and Newcrest Mining (ASX:NCM).

Asian markets

Japan’s Nikkei has added 0.4 per cent, Hong Kong’s Hang Seng has gained 0.5 per cent and the Shanghai Composite has added 0.3 per cent.

Commodities and the dollar

Gold is trading at US$1,508 an ounce.
Iron ore price fell 0.5 per cent to US$90.34
Iron ore futures are pointing to a rise of 1.8 per cent.
One Australian dollar is buying 67.52 US cents.
 
Copyright 2019 – Finance News Network


Source: Finance News Network

Share this post

Related Posts

17Dec

WTO to consider China’s barley tariffs: ASX poised to open higher

17 Dec 2020 - The ASX looks set to open higher this morning as the US raises its economic outlook slightly. Negotiators in the US Congress are close to agreeing a US$900 billion Covid-19 stimulus bill. Australia launched a formal appeal to the World Trade Organization looking for a review of China's decision to impose large tariffs on imports of Australian barley. And Bitcoin is back in the news as it breaks above US$20,000 for the first time in...

Read More
21Aug

US tech rally bolsters ASX: Aus shares set to rise

21 Aug 2020 - The Australian share market looks set to shake off weak US jobs data to rise at the open, boosted by strong performances for US tech stocks. Figures released overnight show that the number of Americans who filed a claim for unemployment last week rose unexpectedly to approx. 1.4 million. Coles Group (ASX:COL) announced that its wholly owned subsidiary, Coles Group Treasury has re-entered the Australian debt capital markets.

Read More
18Sep

Leading Index growth rate deteriorates: ASX tracking 0.1% lower at noon

18 Sep 2019 - The ASX rose at the open only to drop in the last few hours of trade. It's now tracking 0.1% lower at noon. Tech stocks were higher at the open and are still leading the sectors. Charter Hall Group (ASX:CHC) today announced that it has sold its 20% stake in Pacific Square, Maroubra and Bass Hill Plaza to Charter Hall Retail REIT (ASX:CQR).

Read More
18Aug

RBA confirms severe economic downturn: Aus shares close 0.8% higher

18 Aug 2020 - The Australian share market rose at the open and closed 0.8 per cent higher. The Reserve Bank of Australia confirmed the economic downturn in Australia was the most severe in many decades, and staff estimates suggested a decline in GDP of around 7 per cent and a contraction in hours worked of around 10 per cent. That’s according to minutes released from the recent meeting.

Read More
31Aug

Behind the numbers it’s all about energy pricing

31 Aug 2022 - US stocks fell for a third straight day overnight, jeopardising a summer comeback rally, as the Federal Reserve and other global central bankers continued to signal they will raise interest rates to squash inflation despite the negative consequences for economic growth and, potentially, corporate profits.

Read More
28Aug

Wall St falls after Kabul blast, Why Platinum is an underperform: ASX to dip

27 Aug 2021 - Major indexes around the globe sold off ahead of the Fed’s virtual economic symposium at Jackson Hole tomorrow amid the two explosions outside the Kabul airport. Asian markets continued to digest “common prosperity” comments. A deep dive on what it could mean for the economy. Coverage on the yesterday's earnings on the ASX.

Read More
23Apr

Clinuvel Pharmaceuticals (ASX:CUV) launches Scenesse: Aus shares 0.5% higher at noon

23 Apr 2020 - The Australian share market opened higher again this morning and is now trading 0.5 per cent higher at noon. Clinuvel Pharmaceuticals (ASX:CUV) has launched its Scenesse peptide in the People's Republic of China.

Read More
22Mar

KGL Resources (ASX:KGL) raises $21.57M: Aus shares shed 0.9% over week

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...

Read More
07Nov

James Hardie (ASX:JHX) raises its FY adjusted NOPAT: ASX poised to open higher

07 Nov 2019 - Despite weak leads from US markets, the ASX looks set to open higher. Wall Street shares dropped after it was reported that President Donald Trump and Chinese President Xi Jinping’s meeting to sign an interim trade deal could be delayed until December. James Hardie (ASX:JHX) raised its full year adjusted net operating profit guidance.

Read More
16Apr

Gold rally wrestles with energy lossses: Aus shares tracking 0.3% lower at noon

16 Apr 2021 - The S&P/ASX 200 opened flat and zigzagged between the red and black in the morning trading session. Declines in banking heavyweights and energy producers put a strain on the market. Gains in the Tech sectors and gold miners were not strong enough to push back the broader fall of the market.

Read More