26 Aug 2019 - China enforces $75 billion of 5-10% tariffs, plus adds 25% on US cars. Trump tweets back, rising China $250 billion tariff to 30% & rising $300 billion tariff to 15%, seeing yield curve briefly invert, oil sinks and gold rally. Sequoia Financial (ASX:SEQ) 11.9 million buyback, Fortescue (ASX:FMG) profit up 195%, Monash IVF (ASX:MVF) profit sinks 2.3% & Regis Resources (ASX:RRL) to triple Duketon gold tenements.
26 Aug 2019 - Market at midday: China hits 5-10% tariff on $75b of US goods - Trump raises China tariff amounts to 30% and 15%. Gold soars to US$1,545, Feb 2012 levels, gold stocks rally. Monash IVF (ASX:MVF) returns to earnings growth in 2H19, however FY19 NPAT fell 2.3% to $21m. Zip Co (ASX:Z1P) inks landmark debt funding deal to increase business scale.
26 Aug 2019 - The ASX is set to see a downturn this morning after a rumble over the US China trade war. Trump was asked if he had second thoughts about escalating the trade war with China. He said yes. On the commodities front, safe haven gold has shot up almost $30 an ounce. Virtus Health (ASX:VRT) has appointed Dr Michael Stanford AM to its Board as a Non-Executive Director.
23 Aug 2019 - Aussie market gains 1.8% on week as Info Tech sector rises 7%, Energy gains 5.5%. Sims Metal Management Limited (ASX:SGM) shares hit 4-week high on FY19 revenue rising. Mayne Pharma (ASX:MYX) shares hit 6-week high on gross profit up 13%. Brickworks (ASX:BKW) expands in US on another acquisition. Boral (ASX:BLD) completes exit of bricks in Australia.
23 Aug 2019 - The ASX opened lower following mixed leads from Wall St and is now tracking 0.4% higher at noon. Shares in pharmaceutical company Mayne Pharma (ASX:MYX) shot up 10% this morning after reporting today showing a full-year net loss of $280m. Whitehaven Coal (ASX:WHC) has entered into a binding agreement to acquire EDF Trading Australia, which owns a 7.5% interest in the Whitehaven-operated Narrabri Mine.
14 Aug 2019 - Healthcare sector sees biggest gain in a year. CSL (ASX:CSL) shares hit a new high on immunoglobulin (anti-infection) business. Pilbara Minerals (ASX:PLS) shares bounce off 2017 levels. Aussie wages price more than expected. Aveo (ASX:AOG) inks implementation for $1.3b takeover. Pact Group (ASX:PGH) swings into loss on higher costs. Tabcorp (ASX:TAH) profit up 100% on digital lotteries growth.
14 Aug 2019 - US trade rep removes items from the China tariff list including cellphones, laptops & game consoles, sending Apple's shares +4.2%. Wages rise more than expected in June Qtr. CSL (ASX:CSL) shares hit a new high on another record profit. National Australia Bank (ASX:NAB) 3Q earnings up 1% to $1.65b, in line with Citi's expectations. Dexus Property (ASX:DXS) distributions for FY19 up 5% as per guidance, FFO up 4.3%, profit dives 26%, but its shares +31%...
14 Aug 2019 - Following positive leads from US markets, the Australian share market looks set to open higher this morning. US President Donald Trump decided to delay imposing tariffs on some imports from China until 15 December. Civmec (ASX:CVL) has secured the award of a major iron ore project for Fortescue Metals Group (ASX:FMG).
13 Aug 2019 - Argentina sell-off, Wall Street slip, 2016-year US bonds and HK protests cap gains. NAB Business Survey for July cites below average conditions and no signs of improvement. Johns Lyng Group (ASX:JLG) snaps up controlling stake in Bright & Duggan Group for $13.8m, shares up 32% YOY. Challenger (ASX:CGF) shares two-month high as profit in line with expectations. Magellan (ASX:MFG) profit soars 80%, it launches a new fund. Centuria Capital (ASX:CNI) approaches ASX300, profit rises.
