Latest Market News

New Energy Solar (ASX:NEW) considers expansion of asset sale: Aus shares 0.3% higher at noon

20 Jan 2020 - The Australian share market opened slightly lower this morning. It jumped in the first twenty minutes of trade, has been tracking sideways into the mid-session and is now tracking 0.3% higher. Shares in Nib Holdings (ASX:NHF) were hit hard this morning after the company downgraded its underlying operating profit by $30 million for the 2020 financial year.

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Lynas (ASX:LYC) defends High Court proceedings: Aus shares to open higher

20 Jan 2020 - The ASX is set to open higher following strong leads from Europe and US markets. US major indices inked fresh record highs on Friday fuelled by tech stocks, robust retail data and positive sentiment generated from the US-China phase 1 trade deal. In Europe, utility stocks soared on the German Government’s plans to compensate RWE € 2.6B for costs related to the country's planned coal exit.

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Ord Minnett downgrades Megaport: Aus shares close 1.9% higher over week

17 Jan 2020 - It has been a positive week of trade for the Australian share market. Today, the market opened in the black following strong leads from the US overnight, as Wall Street rallied on the execution of the US-China phase one trade deal. It closed 0.3 per cent higher. Over the week, the market hit a fresh record high, managing to push above the 7,000-point barrier for the first time on record. Ord Minnett has downgraded Megaport...

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US-China phase one trade deal signed: Aus shares to open higher

17 Jan 2020 - The Australian share market is poised to open higher. After a week of flirting with the 7000-point barrier, the ASX200 managed to push above the 7000 mark yesterday for the first time on record. Strong leads from the US overnight as Wall Street rallied on the execution of the US-China phase one trade deal.

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Resolute Mining (ASX:RSG) to sell Ravenswood Mine, gold miners leading the ASX charge toward 7000: Aus shares 0.4 per cent higher at noon

15 Jan 2020 - Australian shares have pushed higher to a new record in early trade despite a mixed lead from the US overnight. Shares in gold and base metals explorer Kalamazoo (KZR) have surged as much as 46 per cent in early trade, after receiving backing from Canadian-listed gold explorer Novo Resources and renowned gold investor Eric Sprott.

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