Latest Market News

Tech stocks lift market: Aus shares gain 2.5% over week

03 Jul 2020 - The Australian share market opened higher this morning following positive leads from offshore markets. It fell mid-session and tracked sideways for most of the afternoon to close 0.4 per cent higher. Over the week, the market has gained 154 points or 2.5 per cent. According to the latest Australian Bureau of Statistics retail trade figures, Australian retail turnover jumped 16.9 per cent in May (seasonally adjusted).

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Cann (ASX:CAN) secures government funding for medicinal cannabis facility: Aus shares 0.6% higher at noon

03 Jul 2020 - The Australian share market opened higher and is tracking 0.6% higher at noon, buoyed by a strong performance from the Healthcare sector which is up around 1.9 per cent, and some positive retail turnover figures. Medical cannabis supplier, Cann Group (ASX:CAN) has been awarded a grant for up to $1.975 million under the Regional Jobs Fund established by the Victorian Government.

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Lovisa (ASX:LOV) to exit Spanish Market: Aus shares to open higher on US job data

03 Jul 2020 - Australian shares are set to rise at the open following gains on Wall Street overnight. Better than expected US job data bolstered equities. The US economy added 4.8 million jobs in June, pushing the unemployment rate to 11.1 per cent, down from 13.3 per cent in May. Gold has advanced and the Australian dollar is edging higher. The board of Lovisa Holdings (ASX:LOV) has decided to exit the Spanish market.

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Netflix helps push the NASDAQ higher: ASX set to open higher

02 Jul 2020 - Following a mixed session from US markets overnight, the ASX looks set to open higher this morning. Asian stocks saw modest gains after positive vaccine developments for coronavirus and better-than-expected manufacturing data. Hong Kong police made their first arrests since China’s national security law came into force giving Beijing greater control over the country. Gold is down and oil rose slightly. Kathmandu Holdings (ASX:KMD) provided a trading update this morning showing total Group sales for...

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A positive day of trade for the first day of the new year: ASX closes 0.6% higher

10 Jul 2020 - It has been a positive day of trade for the ASX in the first session of the new year, lifted by banks and gold miners to close 0.6% higher. As for the sectors today Real Estate Investment Trust led the day and utilities closed the day at the bottom of the pile. Rio Tinto (ASX:RIO) has added a new role to its executive committee as it considers the next phase of its transformation.

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S&P/ASX 200 Index down 10.7% across the year: ASX poised to open lower

01 Jul 2020 - The ASX looks set to start the new financial year by opening lower. For the year to date, the S&P/ASX 200 Index is still down 10.7%, that’s its worst 12 months since the global financial crisis. In the US, Fed Reserve chairman Jerome Powell reiterated overnight that the future of the economy is “highly uncertain”. The Dow Jones meanwhile just wrapped up its best quarter since 1987. AMP (ASX:AMP) has today completed the sale of...

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Market climbs on the last day of the financial year: ASX closes 1.4% higher

30 Jun 2020 - It has been a positive day of trade for the ASX for the end of financial year. The local bourse managed to close 1.4% higher. Shares in Collins Foods (ASX:CKF) are on the up after releasing their year results showing revenue is up 8.9 per cent to $981.7m. Jumbo Interactive (ASX:JIN) shares also dipped today despite extending its partnership with Tabcorp yesterday for an extra ten years.

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