Latest Market News

Tech stocks rally in the US: ASX poised for a rebound

10 Sep 2020 - The ASX looks set for a rebound this morning as US stocks closed higher. Over in the UK, Prime Minister Boris Johnson has announced new restrictions on social gatherings in England, after a spike in Covid-19 infections. Over in the US, Tesla jumps nearly 11%, rebounding from worst day on record. Gold added over $11 and oil is up slightly. Resolute Mining (ASX:RSG) rreceive a strike notice at the Syama Gold Mine in Mali.

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Energy sector drags on the market: ASX closes 2.2% lower

02 Sep 2020 - After a fall at the open the ASX failed to recover closing 2.2% lower. Shares in Nufarm (ASX:NUF) closed up today, meanwhile, shares in Beach Energy took a hit falling over 9%. As for the sectors today Materials were the best of a bad bunch and Energy fell lower even lower. FINEOS Corporation Holdings PLC (ASX:FCL) reports they raised $8 million on their securities purchase plan.

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Consumer sentiment up 18% in September: ASX tracking 2.4% lower at noon

09 Sep 2020 - The Australian share market dropped at the open and is now tracking 2.4% lower at noon. Shares in Nufarm (ASX:NUF) did well today whereas shares in Megaport (ASX:MP1) saw a drop. All sectors are in the red. QBE Insurance Group (ASX:QBE) confirmed the arrangements for outgoing Group Chief Executive Officer, Pat Regan.

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Wall Street sees a huge late tech sell-off: ASX set to open lower

09 Sep 2020 - The ASX looks set to open lower this morning as tech stocks drove the US markets lower. Tesla shares plunged yesterday - their worst one-day loss since March. AstraZeneca shares fell over 6% in after-hours trading yesterday after the company said its late-stage trial for a potential coronavirus vaccine had been put on hold due to safety concerns. The Australian dollar dropped as the US dollar strengthened to a four week high. The a2 Milk...

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US, China ‘decouple’: European gains to lift ASX

08 Sep 2020 - Aussie shares are slated to open higher today, following bullish European gains. The US is considering striking China’s tech sector by imposing restrictions on exports to SMIC. Under-suspension iSignthis (ASX:ISX) has retaliated against the ASX with a damage claim worth $464.7 million.

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Seesaw session sees shares end 0.3% higher: banks and miners offset industrials drag

07 Sep 2020 - The Australian share market finished a seesaw session firmly higher after a late rally. Biotech giant CSL (ASX:CSL) closed 1 per cent higher after news the Federal Government will fund the company to help it manufacture a COVID-19 vaccine. The major banks and miners helped to offset losses in energy and industrials. Shares slipped to one month lows at the open but clawed back to finish up 19 points or 0.3 per cent higher at...

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Aus shares rebound: CSL pushes higher after news of government funding for COVID-19 vaccine

07 Sep 2020 - Australian shares are bouncing back from a dip at the open. CSL has risen almost 1 per cent on news of its COVID-19 supply deal with the Federal Government. BHP Group has risen 2.5 per cent and Rio Tinto is up almost 3 per cent. The S&P/ASX 200 index is 25 points up or 0.4 per cent higher at 5950. On the futures market the SPI is 33 points higher.

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