Latest Market News

  • Home
  • Latest Market News
01Sep

Current account surplus hits $17.7 billion: ASX tracking 1.7% lower

01 Sept 2020 - The ASX dropped at the open and is now tracking 1.7% lower at noon. Shares in Costa Group (ASX:CGC) are on the rise today. Shares in QBE Insurance Group (ASX:QBE) dropped today after the announcement the CEO was stepping down. Shares in Afterpay (ASX:APT) also dropped today. Aurizon (ASX:AZJ) welcomes today’s decision by the Queensland Court of Appeal to dismiss an appeal surrounding the Wiggins Island Rail Project.

Read more...
01Sep

Reserve Bank rate decision due today: ASX poised to open lower

01 Sep 2020 - Following mixed trade in the US, the ASX looks set to start the month of September lower. September is not always the best month for stocks historically, and with the US election looming we could see some volatility this month. One company to excel during the corona period is Zoom - their shares rose as much as 25 per cent yesterday - they raised their full-year guidance significantly. TikTok has chosen a bidder for its...

Read more...
31Aug

AUD rally decelerates after reaching 1.5-year high: ASX closes 0.2% lower

31 Aug 2020 - The Australian share market finished lower despite promising signs of an afternoon rally after midday. Meanwhile, the Australian dollar reached a 1.5-year high this morning, surpassing the 73.8 cent mark for the first time since December 2018. This was a response to the release of private sector profitability and borrowing data. However, the rally decelerated after Midday, on the back of the US dollar strengthening.

Read more...
31Aug

Aus shares to start the week lower: IOOF to acquire NAB’s wealth business

31 Aug 2020 - The local market is expected to start the week lower as earnings season comes to a close. The reporting season has been the worst since the last recession in terms of earnings, the focus on earnings has also led to underperformance in the ASX which is lagging behind Wall Street, with the S&P500 and the Nasdaq both hitting record highs on Friday. All eyes will be on IOOF (ASX:IFL) today following media reports in...

Read more...
28Aug

Market wraps 0.9% lower: Down 0.6% over week

28 Aug 2020 - The ASX retreated during the first half of the session. It recovered some ground over the afternoon but left the run a little late finishing 0.9 per cent lower for the day. Credit Suisse has upgraded IGO (ASX:IGO) to an Outperform, with a 12-month price target of $4.35.

Read more...
28Aug

Tech stocks drag ASX lower: Aus shares down 0.9% at noon

28 Aug 2020 - After a marginal rise at the open, the ASX200 sunk throughout the morning and is trading 0.9 per cent lower at noon. Surprisingly, the Information Technology sector is leading the losses. Village Roadshow (ASX:VRL) has reported a net loss after tax of $122.6 million, after revenue dropped on Covid woes.

Read more...
28Aug

Watershed policy shift for US Fed: Aus shares to open lower

28 Aug 2020 - The SPI futures are pointing to a 0.2% fall at the open following mixed results on Wall Street overnight. US Federal Reserve chairman Jerome Powell announced that the US Fed would adopt a flexible inflation target after years of aiming for less than 2%. Oil fell as Hurricane Laura disrupted production and refining in the US Gulf.

Read more...