Author - Craig Foley

Asia forms world’s largest trade bloc: ASX looks set to open higher

16 Nov 2020 - The ASX looks set to open higher this morning as effective vaccine news could be the turning point for value stocks. Seventeen coronavirus cases have now been linked to a cluster in Adelaide's northern suburbs, South Australia's Chief Public Health Officer says. Fifteen Asia-Pacific economies formed the world’s largest free trade bloc yesterday, in a China-backed deal that excludes the United States. The Regional Comprehensive Economic Partnership (RCEP) was signed at a regional summit in...

Read more...

Bega (ASX:BGA) wins food fight: Aus shares close 0.2% lower

13 Nov 2020 - Over the week, the market has gained 215 points or 3.4 per cent. Energy gained over 14 per cent this week, boosted by the news of the Covid-19 vaccine. Today the High Court dismissed Kraft Heinz’s application for special leave to appeal the Federal Courts decision. Bega says that today’s proceedings confirm Bega Cheese’s right to use the current packaging of its smooth and crunchy peanut butter products.

Read more...

Lovisa (ASX:LOV) expands footprint in Europe: Aus shares 0.4% lower at noon

13 Nov 2020 - After a slight bump at the open, the Australian share market dropped in early trade and is tracking 0.4 per cent lower at noon. Most of the sectors are down this morning, with Energy stocks seeing the largest fall. The S&P/ASX 200 index is 26 points down or 0.4 per cent lower at 6,392. On the futures market the SPI is 38 points lower. Fashion jeweller, Lovisa Holdings (ASX:LOV) has acquired the European retail store...

Read more...