Latest Market News

Wall St advances: Aus shares to open in the green

13 Aug 2020 - US markets closed on a positive foot overnight as the S&P 500 approached a near all-time high, and the Australian share market looks set to open in the green today. On Wall Street, major tech stocks advanced, all up more than 1.5% and US bond yields rose. Seek (ASX:SEK) reported a full-year loss of $111 million and EBITDA declined 9 per cent, these results impacted by the current Covid environment.

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Fisher & Paykel Healthcare Corporation: ASX closed 0.1% lower

12 Aug 2020 - It has been a positive day of trade for the ASX after a small dip around lunchtime the local bourse managed to close 0.1% lower. Fisher & Paykel Healthcare Corporation (ASX:FPH) have been designated an “essential service” and will continue to manufacture products from its Auckland facilities despite New Zealand’s new lockdown. Lifestyle Communities’ (ASX:LIC) profit after tax was $42.8 million for the 2020 financial year, down 22.2%.

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Annual wage growth lowest in 22 years: ASX tracking 0.3% lower at noon

12 Aug 2020 - The ASX fell in early trade after a promising start and is now tracking 0.3% lower at noon. Real estate company Unibail-Rodamco-Westfield (ASX:URW) shares are doing well today. Meanwhile, shares in employment company Seek (ASX:SEK) have fallen. Regis Resources (ASX:RRL) has acquired tenement holdings from Stone Resources.

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Commonwealth Bank (ASX:CBA) profit drops 11.3%: ASX to open higher

12 Aug 2020 - The ASX looks set to open higher this morning despite shares falling at the end of trade in New York. New Zealand has been rocked by four new coronavirus cases after being Covid-19 free for 102 days. Prime Minister Jacinda Ardern has put Auckland into level three restrictions for three days as a "precautionary approach". Gold has dropped over US$100, facing its worse day in seven years. Commonwealth Bank (ASX:CBA) has reported an 11.3 per...

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Trump evacuated from White House after a shooting outside: ASX to open flat

11 Aug 2020 - Following positive leads from US markets, the ASX looks set to open higher this morning. The Dow rallied as the Nasdaq struggled somewhat with some big tech stocks slipping. President Donald Trump extended coronavirus relief. He was evacuated from that press briefing due to a shooting outside of the White House. James Hardie (ASX:JHX) released their results today showing management expects full-year adjusted net operating profit to be between US$330 million and US$390 million.

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Record highs in reporting season: Aus shares lift 1.8% by closing bell

10 Aug 2020 - It has been a positive day of trade for the Australian share market with the local bourse inclining steadily throughout the day to close in the green 1.8% higher. The banks led the pack and a long list of companies traded at record highs on the back of their investor updates, including Mesoblast. Kogan, Ansell, Sonic Healthcare, NextDC and Adairs. PAS Group (ASX:PGR) announced today it will sell its iconic Australian JETS Swimwear business to...

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Reporting season rolls in: Aus shares 1.2% higher at noon

10 Aug 2020 - The Australian share market lifted at the open as financial year reports roll in and is now tracking 1.2 per cent higher at noon. Banks and REITs have lifted while miners are lacking, but all sectors are in the green by noon. Sigma Healthcare (ASX:SIG) has executed contracts to sell two distribution centres for $172 million.

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