Latest Market News

Whitehaven (ASX:WHC) shareholders forced to respond to climate change concerns: Aus shares close 0.3% lower

18 Sep 2020 - The Australian share market ended the session 0.3 per cent lower than it started out. At the closing bell the S&P/ASX 200 index closed 19 points lower to finish at 5,865. Over the week however, the market has gained 5 points or 0.1 per cent, stumbling just above the line after four consecutive weeks of weekly losses. Qantas (ASX:QAN) has released its 2020 annual report.

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QuickFee (ASX:QFE) completes $15M placement: Aus shares flat at noon

18 Sep 2020 - The Australian share market opened flat this morning and continues to trade flat at noon. Goldman Sachs rates Nanosonics (ASX:NAN) as a neutral, with a 12 month price target of $5.50. QuickFee (ASX:QFE) has successfully completed its $15 million institutional placement. Technology solution provider, EROAD (ASX:ERD) successfully listed today.

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Web.com increases takeover bid for Webcentral (ASX:WCG): Aus shares to edge higher at the open

18 Sep 2020 - Australian shares are set to edge higher at the open following a paced sell off on Wall Street. US home building fell in August following strong gains in the prior three months. IT solutions company, Webcentral Group (ASX:WCG) has received an updated takeover offer from Web.com, which is now offering 18 cents per Webcentral share.

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Iron ore miners lead decline: ASX tracking 0.9% lower at noon

17 Sep 2020 - The ASX took a dip this morning, following negative leads from US futures and a sharp fall in the iron ore price overnight. Iron ore miners Mineral Resources(ASX:MIN) and Fortescue Metals (ASX:FMG) led the decline, joining the ranks of the worst performers at noon. The tech sector was also lower, adding further downward pressure.

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Fed Reserve set to keep rates at near zero: ASX poised to open lower

17 Sep 2020 - The ASX looks set to open lower this morning as stocks in the US fell after a tech sell-off and Federal Reserve Chairman Jerome Powell vows to keep rates near zero for three years. Platinum Asset Management (ASX:PTM) to extend its on-market share buy-back for up to 10% of PTM’s issued share capital.

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Seek (ASX:SEK) shares surge on talks around its Chinese platform: ASX closed 1% higher

16 Sep 2020 - It has been a positive day of trade for the ASX after a small dip around lunchtime the local bourse managed to closed 1% higher. Shares in Seek (ASX:SEK) closed over 9% today after confirming that its Chinese jobs platform Zhaopin was in investment talks with a number of parties. A British court has ruled against QBE (ASX:QBE) in a dispute over customers' efforts to recoup losses from the coronavirus.

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All eyes on Federal Reserve policy meeting later: ASX poised to open higher

16 Sep 2020 - Following positive leads from US markets, the ASX looks set to open higher this morning. There is a US Federal Reserve policy meeting later investors will be keen for. The Trump administration has said that it will remove a 10% US tariff on raw Canadian aluminium imports. Meanwhile, the World Trade Organization says that additional tariffs imposed in 2018 by the United States on Chinese goods violated international trading rules. And Auckland Airport (ASX:AIA) reports...

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