Latest Market News

Victoria on Covid-19 alert: ASX set to open lower

04 Feb 2021 - The ASX looks set to open lower this morning following mixed leads from Wall St. The S&P 500 ended higher for a third day in a row. Shares in Alphabet soared nearly 8 per cent following its reported growth of 23 per cent as their advertising business remained strong. While back home, Victorians are waking up to new restrictions following a hotel quarantine worker testing positive to covid-19.

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Gold miners take a tumble: ASX closed 0.9% higher

03 Feb 2021 - The local sharemarket closed 0.9% higher or 62 points up to 6,825. Gold miners, Northern Star (ASX:NST) and Newcrest (ASX:NCM) shares fell today and Amcor (ASX:AMC) shares did well today after they upgraded their earnings and lifted their dividend today. And Havilah Resources (ASX:HAV) deals its uranium resources.

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High court dismisses Westpac appeal on financial advice: ASX tracking 1% higher at noon

03 Feb 2021 - The local sharemarket is up 1% or 70 points higher to 6,833. The SPI futures point to a rise of 77 points. Amcor (ASX:AMC) shares did well today after they upgraded their earnings and lifted their dividend today. Westpac (ASX:WBC) acknowledges today’s decision by the High Court of Australia which has dismissed Westpac’s appeal in relation to proceedings brought by ASIC.

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Amazon sees record quarter as CEO Jeff Bezos steps down: ASX set to open higher

03 Feb 2021 - The ASX is set to open higher this morning as all three major benchmarks were up on Wall Street. Amazon delivered its largest quarter revenue of all time as the results are in of its first $100 billion quarter after the holiday and pandemic shopping surge. Alphabet revenue grew 2 per cent in the quarter. Fonterra (ASX:FSF) lifts its 2020/21 forecast Farmgate Milk Price range.

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RBA keeps cash rate on hold at 0.1%: ASX closes 1.5% higher

02 Feb 2021 - The lASX closed 1.5% higher today, that’s almost 100 points up to 6,763. Shares in Tabcorp (ASX:TAH) rose today as the company confirmed it has received a number of unsolicited proposals in relation to a potential transaction involving Tabcorp’s Wagering and Media business. Shares inBlackmores (ASX:BKL) dropped today.

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RBA board to meet for the first time this year: ASX poised to open higher

02 Feb 2021 - The ASX is set to open higher this morning after recovering yesterday from an early tumble. Tech stocks did well in New York yesterday. Apple, Facebook and Netflix were each at least 1.5% higher. Meanwhile, GameStop was 26% lower in afternoon trading. Silver lifted to an 8-year high as retail shareholders bought the metal. David Bortolussi is set to take up his new roles as MD and CEO of The a2 Milk Company (ASX:A2M) next...

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Worley (ASX:WOR) leads the market losses: ASX closes 0.8% higher

01 Feb 2021 - The local sharemarket has kicked off the week with a rally throughout today rising 0.8% or 56 points to 6,663. It was its best session in nine days. Shares in Blackmores (ASX:BKL) did well today. Australian silver stocks rose today as Reddit traders turn their attention that way. Perenti Global’s (ASX:PRN) subsidiary hard-rock underground miner Barminco, has been awarded a contract extension at Gold Fields’ Agnew Gold Mine.

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First remuneration report strike for Freedom Foods (ASX:FNP): Aus shares down 2.9% over week

29 Jan 2021 - Aussie shares ended lower today, deepening yesterday’s sell off. Energy stocks were the hardest hit, dropping over 2 per cent as the iron price weakened. At the closing bell the S&P/ASX 200 index closed 42 points or 0.6 per cent lower to finish at 6,607. Over the week, the market has lost 2.9 per cent or 193 points. Freedom Foods Group (ASX:FNP) chalked up its first strike against the remuneration report at today’s AGM.

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First remuneration report strike for Freedom Foods (ASX:FNP): Aus shares down 2.9% over week

29 Jan 2021 - Aussie shares ended lower today, deepening yesterday’s sell off. Energy stocks were the hardest hit, dropping over 2 per cent as the iron price weakened. At the closing bell the S&P/ASX 200 index closed 42 points or 0.6 per cent lower to finish at 6,607. Over the week, the market has lost 2.9 per cent or 193 points. Freedom Foods Group (ASX:FNP) chalked up its first strike against the remuneration report at today’s AGM.

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