Australian shares are down 0.55 per cent by mid afternoon following a weak Wall Street performance and lower-than-expected November inflation. Mining stocks, especially iron ore giants, dropped 1.4 per cent, while uranium stocks rose due to US interest in domestic supply. Bitcoin also fell by 3.5 per cent following a false SEC tweet.
The November consumer price indicator eased to 4.3 per cent, which may impact the Reserve Bank of Australia's February decision.
Notable stock movements include Alumina surging by 13.5 per cent, Mineral Resources acquiring a 9.97 per cent stake in Kali Metals, and Neometals gaining 14.3 per cent with a $30 million order from Mercedes-Benz. Meanwhile, Worley remains halted amid allegations of illegality and bad faith by an Ecuadorian tribunal.
Copyright 2024 – Finance News Network
29 Jan 2021 - The Australian market opened higher following positive leads from Wall Street and continues to rise in early trade. Healthcare and Industrial stocks are leading the charge this morning. The S&P/ASX 200 index is 54 points up or 0.8 per cent higher at 6,704 at noon. Shares in Lynas Rare Earths (ASX:LYC) jumped this morning after it announced that sales revenue rose to a record $119.4 million in the December quarter.
09 Nov 2021 - Mixed start to the week with the major indexes around the globe. Wall St pushed further into record territory after a bipartisan infrastructure investment bill was passed by the House of Representatives. European markets were mixed while Asian stocks reacted to China’s export figures. Back home, the local bourse snapped its 3-day winning streak as M&A emerged. Credit Suisse downgraded Orica’s rating (ASX:ORI).
26 Feb 2020 - The ASX dropped at the open and continued to fall throughout the day closing 2.3% lower. Healius (ASX:HLS) shares are on the rise after the news of the Partners Group proposal. As for the sectors, they are all in the red. Ferry operator SeaLink (ASX:SLK) report its half year net profit after tax is at $13.6 million, that’s up 3.8 per cent on the same.
12 Jan 2021 - The ASX looks set to open flat this morning as Wall Street pulled back from their recent highs as vaccine hopes and a large stimulus package lost luster. The World Health Organisation has warned the new, more contagious mutated variants of the coronavirus are “highly problematic”. Over the weekend, the WHO was alerted of a new variant in Japan. Faith-based donation platform Pushpay Holdings (ASX:PPH) has appointed a new CEO.
02 Sep 2024 - US stocks surged on Friday, with the Dow Jones Industrial Average hitting a new record high as investors closed out a turbulent month on a positive note. Traders were also digesting key inflation data closely monitored by the Federal Reserve.
16 Jun 2020 - The ASX shot up at the open and is now tracking almost 3.2% higher at noon. Almost all the top 200 stocks have made gains today. Viva Energy saw their shares rise today after releasing their underlying net profit for the six months to June to be between $20 million and $50 million compared with $50.9 million a year ago. Village Roadshow (ASX:VRL) has extended by two weeks the exclusivity period for its discussions with...
09 Sep 2019 - Local shares start week with a minor gain while Jumbo Interactive (ASX:JIN), Qube (ASX:QUB), Aventus (ASX:AVN) set new all-time highs. Aussie lending to households sees most growth in five years, but remains at lows compared to 2017. Wesfarmers (ASX:WES) books WesCEF site tour and takeover Kidman Resources (ASX:KDR) later this month, subject to court approval.
14 Feb 2020 - The Australian share market gained momentum after midday to close higher. Banking giants NAB (ASX:NAB) and Commonwealth (ASX:CBA) led the charge, following 1H20 results exceeding expectations. Financials were among the strongest gainers, with Magellan (ASX:MFG) and Pinnacle (ASX:PNI) both finishing the day on a positive note. Meanwhile, Energy went the other way, as Woodside Petroleum (ASX:WPL) weighed down the sector.