Monthly Archives: May 2018

Galaxy shoots for the sky: Aus shares close 0.5% higher

31 May 2018 - Market Wrap: ASX gains half a per cent with energy majors each Beach Energy and Santos gaining 3%, lithium major Galaxy rising 5.5%. Private sector credit in line with expectations. Plus updates on Tawana Resources (ASX:TAW), MYOB Group (ASX:MYO), The ASX (ASX:ASX), Mesoblast (ASX:MSB), Zip Co (ASX: Z1P) and Super Retail Group (ASX:SUL) and IPO Onemarket (ASX:OMN)

Italy sparks market sell-off: ASX set to open higher

31 May 2018 - A sell off yesterday was sparked by a political crisis in Italy - which has now somewhat been averted and now Australian shares are poised to open higher. There were fears about the future of the euro as Italy contemplated a eurosceptic government as Italian President Sergio Mattarella vetoed his finance minister and touted fresh elections at the end of the year. Wall Street had a brief rally as calm swept across Italy. BHP Billiton [...]