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25Feb

RBA resumes 3-year bond buying: ASX 1% higher at noon

25 Feb 2021 - The ASX is trading higher following positive leads from Wall Street and is now tracking 1% higher at noon. The S&P/ASX 200 index is 8 points up at 6,846. On the futures market the SPI is suggesting a rise of 65 points. The Energy sector is leading the way while the Industrials sector is behind. The Reserve Bank announced today that they will continue to purchase three year government bonds to ensure that the yield...

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26Sep

Afternoon update: ASX down 0.62%, Health Care leads sectors

26 Sep 2023 - The S&P/ASX 200 is trading 0.62 per cent lower at 7,032.70.

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27Nov

Bega raises $284M: Aus shares 0.4% lower at noon

27 Nov 2020 - The Australian share market opened slightly lower and has made a modest decline in the first 2 hours of trade. Energy stocks are dragging on the market. Most of the sectors are trading in the red. Shares in Bega Cheese (ASX:BGA) have rallied this morning, after it successfully raised $284 million, via the institutional component of its 1 to 4.5 pro rata entitlement offer, and its underwritten institutional placement.

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12Sep

Key week for US economic data as indexes produce strong weekly gains

12 Sep 2022 - US equities were higher in Friday trading, finishing just off best levels. Each of the major averages were up more than 2.5 per cent for the week and snapped a big three-week losing streak during which S&P lost nearly 8.5 per cent. This week, data wise we have the US Consumer price Index for August on Tuesday and the Producer Price Index a day later, along with US retail sales.

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13Mar

Dow suffers worst drop since Black Monday: ASX poised to plunge at the open

13 Mar 2020 - The ASX looks set to drop at the open. The Dow Jones Industrial Average plunged yesterday suffering its worst drop since the 1987 “Black Monday” market crash, when it collapsed by more than 22%. Trading was stopped for 15 minutes shortly after the open in New York. But the pause failed to keep the index from closing in a bear market. The Decmil Group (ASX:DCG) believes it is entitled to all amounts claimed for its...

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16Feb

Leadership changes at Fortescue Metals (ASX:FMG): ASX closed 0.7% higher

16 Feb 2021 - At the closing bell the S&P/ASX 200 index closed 48 points up, or 0.7% higher to finish at 6,917. Fortescue Metals Group (ASX:FMG) announced some leadership changes today - Greg Lilleyman, Chief Operating Officer, has resigned from his position.

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23Feb

Biden says Ukraine tension is an invasion, triggers Wall St fall: ASX to edge lower

23 Feb 2022 - Global markets closed mixed after Russia recognised two regions in Eastern Ukraine in breach of the Minsk agreement, before ordering troops in. S&P 500 officially in correction territory as geopolitical issues take the wind out of stocks. Renewed Beijing tech crackdown sends Asian stocks lower. AUD on watch as wage growth index figures are due today.

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15Sep

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.

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02Jul

S&P 500 hits a record high, Energy leads: Why Reece is a sell: ASX to open higher

02 Jul 2021 - I cover Wall St's performance as they continued their momentum to start the 2nd half of the year. Jobless claims dropped ahead of labour figures. Oil prices boost markets while OPEC continues their talks on supply which helped European markets as Prime Minister Boris Johnson makes an upbeat statement. Asian markets responded to weak manufacturing figures. Yesterday the ASX 200 ended the day on a backfoot. Macquarie cuts Reece's (ASX:REH) rating. Six companies pencilled...

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11Nov

Trump says no to reducing Chinese tariffs: ASX poised to open higher

11 Nov 2019 - Wall Street continued their gains towards the end of the week, now the ASX looks set to start the week higher. Stocks rose on the optimism that President Donald Trump could scrap tariffs on Chinese goods. Trump says he has not agreed to roll back tariffs. Integral Diagnostics (ASX:IDX) has completed the acquisition of Imaging Queensland.

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