Australian shares are down 0.55 per cent by mid afternoon following a weak Wall Street performance and lower-than-expected November inflation. Mining stocks, especially iron ore giants, dropped 1.4 per cent, while uranium stocks rose due to US interest in domestic supply. Bitcoin also fell by 3.5 per cent following a false SEC tweet.
The November consumer price indicator eased to 4.3 per cent, which may impact the Reserve Bank of Australia's February decision.
Notable stock movements include Alumina surging by 13.5 per cent, Mineral Resources acquiring a 9.97 per cent stake in Kali Metals, and Neometals gaining 14.3 per cent with a $30 million order from Mercedes-Benz. Meanwhile, Worley remains halted amid allegations of illegality and bad faith by an Ecuadorian tribunal.
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09 Oct 2019 - It has been a disappointing day of trade for the ASX, closing 0.7% lower. Shares in biopharmaceutical company Clinuvel (ASX:CUV) did well today – they are at an all time high. Flight Centre (ASX:FLT) shares declined though as did News Corp (ASX:NWS). As for the sectors, the best performing sector was Communication Services while the worst performing sector was Consumer Discretionary.
10 Feb 2020 - The Australian share market opened slightly weaker this morning following negative leads from Wall Street. It has taken a hit over the morning and is trading 0.5 per cent lower at noon. Most of the sectors are in the red, with Energy weighing heaviest on the market.Ramelius Resources (ASX:RMS) is lobbing a bid to acquire Spectrum Metals (ASX:SPX).
23 Mar 2021 - The Australian share market is higher this lunchtime with the utilities sector boosting the market. The S&P/ASX 200 index is 30 points up or 0.4 per cent higher at 6,782. On the futures market the SPI is 26 points higher. Rip Curl boosts Kathmandu's (ASX:SMD) half year results.
22 Feb 2023 - US stocks dropped Tuesday as higher rates continue to pressure market sentiment, and the latest batch of retail earnings raised concern about the state of the consumer. It now appears that equity markets that finally caught up to what the Treasury markets have been saying for a couple of weeks.
21 Feb 2023 - Overnight, the US stock and bond markets were closed, on account of Presidents' Day. We thought we'd update you on where markets stand calendar year to date. YTD, the Nasdaq is the best performer out of the three major indexes, up 13.5%. This is then followed by the S&P 500, up 6.7%. The Dow is the worst perfomer, however is still up 2.1% year to date.
11 Sep 2019 - It has been a positive day of trade for the ASX. After opening in the black the local bourse managed to stay bouyant to close 0.4 per cent higher at the end of the day. New Hope Corp (ASX:NHC) have did well today after the Queensland Court of Appeal ruled in its favour, allowing the New Ecland mine to proceed. GBST Holdings (ASX:GBT) received another key tick of approval today.
20 Feb 2023 - US stocks were mixed on Friday as stubbornly high inflation and a rebound in rates continued to weigh on investor sentiment. The recent strong economic/inflation data has pushed Treasury yields back up to a level that makes it very tough for the stock market to stay up at its current level – with a combination of higher yields and lower earnings estimates for 2023, it creates some more renewed headwinds for the stock markets
27 Jan 2021 - After opening slightly higher, the market retreated in early trade and slid during the day to end 0.7 per cent lower at the close. Energy was hit the hardest, down 3.4 per cent. The Australian Bureau of Statistics says the Consumer Price Index rose 0.9 per cent during the December quarter. Macquarie rates the Commonwealth Bank of Australia (ASX:CBA) as an Underperform, with a price target of $78.00. The board of automotive aftercare provider...
06 Dec 2020 - Following weak leads from US markets, the ASX looks set to open lower this morning. Over in the US stocks fell on fears of escalation of military activity in the Middle East after the Commander of Iran's Islamic Revolutionary Guards Corps was killed in Baghdad by rockets from an American strike. Resolute Mining (ASX:RSG) is looking to extend the Company’s US dollar denominated gold hedge position.
23 Feb 2023 - Stocks were mostly weaker Wednesday as traders parsed through a summary of the Federal Reserve’s most recent meeting, looking for clues on the central bank’s next move against inflation.
