Author - Craig Foley

Construction work done falls sharper than expected: ASX 0.2 per cent higher at noon

28 Aug 2019 - The ASX opened lower following soft leads from Wall Street and is now tracking 0.2% higher at noon. Shares in Bega Cheese (ASX:BGA) are on the up despite reporting today and showing their profit has seen a decline by half to $11.8 million. Afterpay Touch Group (ASX:APT) reported its full year results showing its statutory loss hit $42.9 million.


Aussie shares almost wipe out last week’s gains: Aus shares lose 1.3%

26 Aug 2019 - China enforces $75 billion of 5-10% tariffs, plus adds 25% on US cars. Trump tweets back, rising China $250 billion tariff to 30% & rising $300 billion tariff to 15%, seeing yield curve briefly invert, oil sinks and gold rally. Sequoia Financial (ASX:SEQ) 11.9 million buyback, Fortescue (ASX:FMG) profit up 195%, Monash IVF (ASX:MVF) profit sinks 2.3% & Regis Resources (ASX:RRL) to triple Duketon gold tenements.


China fires shots in trade war, Trump tweets back: Aus shares 1.5% lower at noon

26 Aug 2019 - Market at midday: China hits 5-10% tariff on $75b of US goods - Trump raises China tariff amounts to 30% and 15%. Gold soars to US$1,545, Feb 2012 levels, gold stocks rally. Monash IVF (ASX:MVF) returns to earnings growth in 2H19, however FY19 NPAT fell 2.3% to $21m. Zip Co (ASX:Z1P) inks landmark debt funding deal to increase business scale.