Latest Market News

Sezzle (ASX:SZL) set to raise $86.3M: Aus shares 0.1% lower at noon

10 Jul 2020 - The Australian share market is off to a rocky start today. It opened lower following renewed fears of a second wave of covid-19 in the US and is now tracking 0.1% per cent lower at noon. Macquarie rates Rio Tinto (ASX:RIO) as an outperform with a 12 month price target of $112. Buy now, pay later provider Sezzle (ASX:SZL) is to raise $86.3 million.

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US records record number of cases: Aus shares to open lower

10 Jul 2020 - The Australian market is poised to open lower following mostly negative leads from international markets. This comes as Johns Hopkins University records over 60,000 new covid-19 cases in the US- a record for a 24-hour period. Perth based iron ore explorer, AustSino Resources Group (ASX:ANS) has penned a binding subscription agreement with Midwest Resource Finance Group. Gold and oil retreated overnight.

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The price of iron ore hits a 2020 high: ASX set to open higher

09 Jul 2020 - Following small gains from US markets overnight, the ASX looks set to open higher this morning. The US is seeing some fluctuation in the markets as investors weigh up the economic recovery from the pandemic. Back home Victorian farmers are struggling to place their products as many Melbourne restaurants return to lockdown. Iron ore saw a sharp rise in price. Rio Tinto gives contract termination notice to Meridian (ASX:MEZ).

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Blackmores (ASX:BKL) completes SPP: ASX closes 1.5% lower

08 Jul 2020 - The ASX peaked around lunchtime and managed to close 1.5% lower. Northern Star Resources (ASX:NST) saw a rise in their shares today. Shares in Domain Holdings (ASX:DHG) took a dip. Blackmores (ASX:BKL) has successfully completed its Share Purchase Plan raising approximately $49 million.

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Global rally slows: ASX poised to dip at the open

08 Jul 2020 - Following a fall from US markets overnight, the ASX looks set to open lower this morning. The global rally slowed with European shares slipping alongside US futures. The Shanghai Composite climbed for a sixth day. Yesterday our official cash rate was left at 0.25% for another month – most experts predict it will stay at that historic low for some time yet. SkyCity Entertainment Group (ASX:SKC) says its $50 million share purchase plan saw a...

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Official cash rate steady at 0.25%: ASX closed 0.03% lower

07 Jul 2020 - After a massive leap upwards at the open, the ASX took a small dip around lunchtime and the local bourse managed to close 0.03% lower. The materials sector is doing well today with shares in St Barbara (ASX:SBM) and Gold Road Resources (ASX:GOR) all seeing a rise. Shares in Ooh!Media (ASX:OML) meanwhile took a dip. Sequoia Financial Group (ASX:SEQ) has entered into a Purchase of Assets Agreement with Total Cover Australia (TCA), via the Company’s...

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