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05Mar

Italy blocks vaccine shipment to Australia: Aus shares poised to open lower

05 Mar 2021 - Aussie futures are indicating that the market will start the day in negative territory. This follows a volatile trading session on Wall Street. US markets ended the day lower after US Federal Reserve Chairman Jerome Powell indicated that inflation is likely to rise as the economy recovers. While he forecast that such rises were likely to be temporary, the comments were enough to spook investors and spark a selloff in the equity markets. Childcare and...

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04Mar

Record trade surplus of $10.14 billion in January: ASX closes 0.8% lower

04 March 2021 - It's been a mixed day on the Australian share market. The market opened lower following weak leads from the US and managed a small recovery, before closing 0.8% lower. Gains in the Financial and A-REIT sectors were overtaken by losses from the rest of the market, with the biggest losers being in the Healthcare and Materials sectors. Banks led the gains, along with QBE (ASX:QBE), which rose 2.8 per cent on the back of the...

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04Mar

Downer (ASX:DOW) awarded $245 million contract: ASX 0.7% lower at noon

04 March 2021 - The ASX opened lower following losses from Wall Street and is now tracking 0.7% lower at noon. Materials, Healthcare and Consumer Staples dragged on the market while Financials led the gains. Buy now, pay later stocks are trading lower after tech stocks fell on Wall Street. Accounting software company Xero (ASX:XRO) is trading 2.4% lower after plans to acquire workforce management platform Planday were announced for $284.5 million. All four banks are performing well with...

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04Mar

Tech stocks hammered, Atassian drops over 6%: ASX poised to open higher

04 Mar 2021 - The ASX looks set to open lower as tech stocks in the US dropped as bond yields rose. The US listed shares of Atlassian fell almost 7 per cent. Shares in electric vehicle company Tesla fell 4 per cent. Britain has hiked corporation tax to 25 per cent as pandemic support hits £407 billion. The British economy is to return to its pre-Covid level by the middle of 2022, with GDP growing by 4 per...

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03Mar

Stellar start for IPO EZZ Life Science (ASX:EZZ): ASX closed 0.8% higher

03 Mar 2021 - It has been a positive day of trade for the Australian share market. At the closing bell the S&P/ASX 200 index closed 56 points up or 0.8% higher to finish at 6,818. Regenerative medicine company Orthocell (ASX:OCC) has received notification from the Australian Government Department of Health that CelGro Dental has been included on the Australian Prostheses List.

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03Mar

Gold rises from an eight month low: ASX to open higher

03 Mar 2021 - Despite weak leads from US markets, the ASX looks set to open higher this morning. US stocks fell yesterday as technology stocks took a dip. Apple and Microsoft fell about 1% each. On the commodities front, gold prices rose yesterday, from a more than eight-month low, as a retreat in the dollar and US Treasury yields lifted demand. Piedmont Lithium Inc, a newly formed US corporation will acquire Piedmont (ASX:PLL).

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02Mar

Apple shares rise on Buffet’s comments: ASX to open higher

02 Mar 2021 - Following leads from US markets, the ASX looks set to open higher this morning – all three major US equity benchmarks rose. Major sovereign bonds rallied across the globe and the US 10-year yield backed off from its recent high. Apple shares rose 5% yesterday after Berkshire Hathaway chairman and CEO Warren Buffett wrote that his investment firm owns 5.4% of Apple’s stock, making it Berkshire’s third-most valuable asset. PYC Therapeutics (ASX:PYC) lead investigational drug,...

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