Latest Market News

  • Home
  • Latest Market News
27Jul

Urban sprawl pushes US home sales to near 13-year high: Aus shares set to open lower

27 Jul 2020 - Based on the SPI, the ASX is poised to start the week on a negative note following mixed leads from international markets on Friday. The US Commerce Department has announced that sales of new single-family homes in the US soared to a near 13-year high in June. The meteoric rise in home sales comes on the back of low interest rates and a new migration trend sparked by covid-19. Digital Wine Ventures (ASX:DW8) generated total...

Read more...
24Jul

IAG leads drop: Aus shares close 1.2% lower

24 Jul 2020 - The ASX declined today to close 1.2 per cent lower by 71 points to finish at 6,024, a 0.2 per cent decline over the week. IAG (ASX:IAG) led the drop on the news that it scrapped its dividend after flagging flat growth in gross written premiums. The ABS announced a jump in export growth on the back off strong iron ore exports. BlackWall Property Trust (ASX:BWR) announced it will acquire WOTSO Workspace.

Read more...
24Jul

US job recovery stalls, rattling the markets: ASX poised to open lower

24 Jul 2020 - The ASX looks set to drop this morning with mixed results from the US overnight as their job market recovery appears to stall. Coronavirus infections across the US have now surpassed 4 million. Back home, our budget deficit hit almost $86b last financial year. Nufarm (ASX:NUF) has decided to change its financial year end from 31 July to 30 September.

Read more...
23Jul

Frydenberg reports $85.8 billion deficit: Aus shares 0.2% up at noon

23 Jul 2020 - The Australian share market opened lower this morning but is now trading 0.2 per cent up at noon. Treasurer Josh Frydenberg has confirmed an $85.8 billion deficit for the last financial year with that figure reflecting the $289 billion the Morrison Government has allocated to stimulus measures including JobKeeper.

Read more...
23Jul

Tensions rise between the US and China once again: ASX poised to open higher

23 Jul 2020 - The ASX looks set to open slightly higher this morning despite tensions rising between the US and China. The United States has ordered China to close its consulate in Houston, as President Donald Trump ramps up pressure against China ahead of the November election. Back home, the Australian dollar jumped to 71.4 US cents, its highest value since April 2019. The Westpac Group (ASX:WBC) today announced the appointment of Anthony Miller as Chief Executive, Westpac...

Read more...
22Jul

Inghams (ASX:ING) plant closed after Covid outbreak: ASX closes 1.3% lower

22 Jul 2020 - It has been a negative day of trade for the ASX with the local bourse failing to gain momentum and closing 1.3% lower. Shares in Inghams dropped after reports their Victoria processing plant is in the middle of a Covid outbreak. Shares in Resolute Mining (ASX:RSG) did well today after reporting a 64 per cent increase in Syama Underground gold.

Read more...
22Jul

Retail turnover rose 2.4% in June thanks to cafes and restaurants: ASX is tracking 1.3% lower at noon

22 Jul 2020 - The ASX dropped at the open and is now tracking 1.3% lower at noon. Shares in Resolute Mining (ASX:RSG) are doing well today after reporting a 64% increase in Syama Underground gold. Meanwhile shares in Mesoblast (ASX:MSB) have dropped. As for the sectors today, leading the pack is Energy, the only sector in the green. Healthcare is falling behind. Health club Viva Leisure (ASX:VVA) are set to acquire Australian Fitness Management.

Read more...
22Jul

AUD hits 12-month high against the USD: ASX poised to open lower

22 Jul 2020 - Following a mixed response from US markets overnight, the ASX looks set to open lower this morning. The Australian dollar has pulled back from daily lows to rise over 71 cents to the US dollar. US President Donald Trump has warned the US that the coronavirus pandemic will probably 'get worse before it gets better'. Meridian Energy (ASX:MEZ) report that for the month national hydro storage decreased from 103 per cent to 75% of historical...

Read more...