Latest Market News

Lockdowns hinder economy recovery: ASX tracking 0.7% at noon

30 Jul 2020 - The ASX shot up at the open and is now tracking almost 0.7% higher at noon. Utlities the only sector making losses so far today. Victoria has reported 723 new coronavirus cases meanwhile NSW has 18 new cases today. Dexus (ASX:DXS) will sell six industrial properties to Dexus Australia Logistics Trust for $269.4 million.

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US Fed rate decision boost global markets: ASX poised to open higher

30 Jul 2020 - The ASX looks set to open slightly higher this morning after the US central bank decided to keep interest rates at record lows for longer. Asian stocks look set for gains today after a signal from the Federal Reserve in the US that more stimulus will be provided. Back home futures rose here and in Japan and Hong Kong. Oceania Healthcare (ASX:OCA) announce dividend underwriting.

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Westpac to bring back 1,000 jobs: Aus shares close 0.23% lower

29 Jul 2020 - The markets flatlined this afternoon after a dip around midday. The local bourse closed 0.2 per cent lower. The Consumer Price Index fell 1.9 per cent in the June quarter, the lowest it has been on record, the ABS announced today. Westpac (ASX:WBC) announced it will bring back around 1,000 jobs to Australia from overseas in response to the growing demand for customer support due to the Covid-19 pandemic.

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Downer EDI secures $324m in contracts: Aus shares 0.1% lower at noon

29 Jul 2020 - The Australian share market started to lift steadily after opening in the red at the open on the back of a Wall Street dip amid low consumer confidence in the US, dropping again on the ABS’s announcement that the Consumer Price Index has fallen to the lowest level in history amid the coronavirus pandemic. Downer EDI (ASX:DOW) has secured $324 million in several contracts across the power generation, oil and gas, and industrial sectors.

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US consumer confidence falters: Aus shares to open lower

29 Jul 2020 - The US markets finished lower, setting the Australian share market for a slow start this morning. On the commodities front, gold is seeing gains. Fintech company Wisr (ASX:WZR) reported a strong quarter, with record growth across a number of key metrics, despite tighter credit policies and the downturn from the pandemic. Its quarterly revenue increased by 50%.

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Gold hits new high: Aus shares 0.6% higher at noon

28 Jul 2020 - The Australian share market opened higher this morning but is now trading 0.6 per cent up at noon. Wisr (ASX:WRZ) has released it’s fourth-quarter operating revenue, reporting the neo-lender reached $2.9 million, up 188 per cent on the same period last year.

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US stimulus looms: Aus shares to open higher

28 Jul 2020 - Following positive leads from US markets with Wall Street closing higher, the Australian share market looks set to open in the green this morning. Market sentiment was boosted on the back of a looming US government stimulus package proposed to aid the impact of coronavirus.

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Ingenia (ASX:INA) acquires $16M lifestyle community: Aus shares close 0.3% higher

27 Jul 2020 - It has been a positive day of trade for the Australian share market. After opening behind the eight ball, the market rebounded in early trade and ended the day 0.3 per cent higher. Gold surged past the $US1,900 an ounce threshold today for the first time since 2011. Analysts warn that a second wave of COVID-19 lockdowns in Melbourne could spark another round of capital raisings as companies look to strengthen their balance sheet during...

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Tasmania tops economic rankings: Aus shares 0.3% higher at noon

27 Jul 2020 - The Australian share market opened slightly lower this morning following mostly negative leads from international markets and rising geopolitical tensions between China and the US. Despite the drop at the open, the market rebounded in early trade. About half of the sectors are in the green this morning, Materials leading the way. Commsec has released its quarterly State of the States report. For the first time in over a decade Tasmania is number one in...

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