Latest Market News

Unemployment rate rose to 7.4 per cent in June: ASX tracking 0.2% lower at noon

16 Jul 2020 - After a rise at the open the Australian share market fell and is now tracking almost 0.2 per cent lower at noon. Shares in Cooper Energy (ASX:COE) rose over 5 per cent this morning, shares in the Breville Group (ASX:BRG) dropped over 5 per cent. Dr George Theocharides has resigned from the iSignthis Ltd (ASX:ISX) subsidiary, iSignthis eMoney Ltd.

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$19.1 billion early super payments made: ASX poised to open higher

16 Jul 2020 - Following gains from US and European markets overnight, the ASX looks set to open higher this morning. The virus vaccine is inspiring more bullish emotions. Back home the latest APRA figures show there have been around 2.7 million early withdrawals from superannuation as Australians were able to take out $20,000 of their super during Covid. Michael Hill International Limited (ASX:MHJ) reports adjusted same store sales for the quarter were down 4.1%, against the prior...

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Trump signs for more sanctions on China: ASX poised to open higher

15 Jul 2020 - In New York, the Dow lifted over 2% overnight. The ASX looks set to open higher this morning. US President Donald Trump yesterday signed legislation to impose sanctions on China in response to its interference with Hong Kong’s autonomy. Back home we can expect large dividend cuts due to the coronavirus pandemic. Contact Energy (ASX:CEN) has made two changes to its leadership team.

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California orders bars and restaurants to close again: ASX to open lower

14 Jul 2020 - Following a mixed close from US markets overnight, the ASX looks set to open lower this morning. Investors in China were not perturbed by a rise in coronavirus cases as shares in Asia jumped yesterday. Coronavirus infections past 13 million across the world. The Huljich family, which last disclosed a 22% stake in Pushpay (ASX:PPH) has entered a block trade agreement.

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