Latest Market News

Gold sees fresh monthly lows: ASX set to open lower

24 Sep 2020 - The ASX looks set to drop this morning as the S&P 500, the Dow and the Nasdaq all closed lower. Tesla is suing the US government over the Trump administration’s tariffs on parts Tesla imports from China to manufacture its electric cars. NZ energy company Mercury (ASX:MCY) has revised its FY2021 EBITDAF guidance from $515m to $505m.

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Preliminary retail sales fall 4.2% in August: ASX closed 2.4% higher

23 Sep 2020 - The ASX rose at the open and continued a steady pace higher throughout the trading day to close 2.4% higher. Shares in Flight Centre Travel Group (ASX:FLT) clawed their way higher today – perhaps because of the relaxing of some Queensland border restrictions. Shares in Ramelius Resources (ASX:RMS) closed over 7% lower. The Supreme Court of WA has today made orders approving OZ Minerals (ASX:OZL) to acquire 100% of the shares in Cassini Resources.

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AUD falls for a second session: ASX poised for a rebound

23 Sep 2020 - The ASX looks set to rebound morning as the S&P 500, the Dow and the Nasdaq all closed higher as optimism lifted over potential for US unemployment to fall. The UK is set to bring in new measures tomorrow in the fight against Covid-19. Hospitality businesses must close by 10 pm, the use of facemasks is to be extended and the number of people allowed to attend weddings has been reduced to 15. The Aussie...

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Rising Covid cases in Europe rattles markets: ASX closed 0.7% lower

22 Sep 2020 - The ASX dropped at the open and failed to gain momentum closing 0.7 per cent lower. Xero (ASX:XRO) did well today. Shares in Webjet (ASX:WEB) didn’t do so well today. As for the sectors today Information technology led the day and Materials fell lower. New Hope Corporation (ASX:NHC) saw increased coal production of 11.3 million tonnes and sales of 11.5 million tonnes in 2020.

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Rising Covid cases in Europe rattles markets: ASX closed 0.7% lower

22 Sep 2020 - The ASX dropped at the open and failed to gain momentum closing 0.7 per cent lower. Xero (ASX:XRO) did well today. Shares in Webjet (ASX:WEB) didn’t do so well today. As for the sectors today Information technology led the day and Materials fell lower. New Hope Corporation (ASX:NHC) saw increased coal production of 11.3 million tonnes and sales of 11.5 million tonnes in 2020.

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RBA suggest pushing rates towards 0%: ASX tracking 0.9% lower at noon

22 Sep 2020 - The ASX dropped at the open and is now tracking 0.9% lower at noon. Shares in Collins Foods (ASX:CKF) did well today leading the pack as Virgin Money (ASX:VUK) shares dropped throughout the morning. As for the sectors, Infotech is up and Materials is pulling the market lower. Redcape Hotel Group Management Ltd (ASX:RDC) reported the positive trading has continued and the first quarter of FY21.

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Uncertainty over US stimulus sinks stocks: ASX poised to open lower

22 Sep 2020 - The ASX looks set to open lower this morning after a sharp sell-off in the US. There’s concern over the lack of certainty over plans for the fiscal stimulus to support the unemployed in the US. Oracle’s agreement to take a stake in TikTok has won the blessing of US President Donald Trump. And Pushpay Holdings (ASX:PPH) has appointed Lorraine Witten as a Director to the Board.

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ASX cements 3 day losing streak: Shares finish 0.7% lower

21 Sep 2020 - The local sharemarket has ended the session firmly in the red cementing a 3 day losing streak. At the closing bell the S&P/ASX 200 finished 0.7 per cent lower or 42 points down at 5823.Major banks, miners and real estate were the main drags on the market today.

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