Latest Market News

Iron ore price pushes up Fortescue Metals Group (ASX:FMG): ASX tracking 0.3% higher at noon

03 Dec 2020 - The ASX rose at the open and is now tracking 0.3% higher at noon. Shares in Fortescue Metals Group (ASX:FMG) are on the rise today after a boost in the price of iron ore. Shares in Elders (ASX:ELD) are on the slide. Installment payment platform Sezzle (ASX:SZL) report record trading for November with Black Friday and Cyber Monday.

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Iron ore price rises over 3%: ASX poised to open higher

03 Dec 2020 - The ASX looks set to open slightly higher this morning despite Wall Street closing relatively flat. The Pfizer-BioNTech coronavirus vaccine is set to be rolled out in the UK from early next week. Only the UK stock market reacted to the news. The Australian dollar continues to rise and iron ore shot up over 3%. Travel company Serko (ASX:SKO) report that transaction volumes have increased.

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Economy expands 3.3% in September quarter: ASX tracking 0.3% lower at noon

02 Dec 2020 - The ASX had a promising open then took a tumble before midday trade and is now tracking 0.3% lower at noon. Shares in Mesoblast (ASX:MSB) soared today after they announced the FDA has a fast track designation for remestemcel-L in the treatment of Covid-19 infection symptons. Materials is the only sector in the black so far today. Nickel Mines (ASX:NIC) has launched a $364 million capital raising to fund its initial 30% interest in the...

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Fresh US stimulus promise boosts markets: ASX set to open higher

2 Dec 2020 - The ASX looks set to open higher this morning as shares in the US rose on hopes of more stimulus measures. Markets were also given a boost by Covid vaccine news as pharmaceutical companies submit their paperwork for regulatory approvals. Zelira Therapeutics Ltd (ASX:ZLD) in partnership with SprinJene®, has launched of its proprietary CBD toothpaste in the US.

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Worst market performance of the month: ASX closes 1.3% lower

30 Nov 2020 - The Australian share market failed to gain momentum today with the local bourse closing 1.3 per cent lower. Shares in Treasury Wine Estates (ASX:TWE) dropped today on news of Chinese tariffs on Australian wine imports. Information technology is the only sector that has made gains today. Bank of Queensland (ASX:BOQ) has completed the Capital Notes 2 offer, raising $260 million.

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Business indicators fall short of expectations: ASX tracking 0.6% lower at noon

30 Nov 2020 - The ASX is tracking 0.6% lower at noon. Shares in Treasury Wine Estates (ASX:TWE) dropped today on news of Chinese tariffs on Australian wine imports. Meanwhile, shares in Bega Cheese (ASX:BGA) continue to rally after they successfully raised $284 million last week. Select Harvests Limited (ASX:SHV) report a net profit after tax (NPAT) of $25.0 million for the year ended 30 September 2020.

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