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.
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07 Sep 2020 - Australian shares are bouncing back from a dip at the open. CSL has risen almost 1 per cent on news of its COVID-19 supply deal with the Federal Government. BHP Group has risen 2.5 per cent and Rio Tinto is up almost 3 per cent. The S&P/ASX 200 index is 25 points up or 0.4 per cent higher at 5950. On the futures market the SPI is 33 points higher.
05 Dec 2019 - The Australian share market opened lower defying positive leads from US markets, but has edged higher over the first 2 hours of trade. It is now tracking nearly 1 per cent higher at noon, with all sectors in the green. Megaport (ASX:MP1) is conducting a $62 million raising. Citi has upgraded oOh! Media (ASX:OML). Retail Trade figures for October are largely unchanged. Australia’s International Trade in Goods and Services for October capped a $6,341 million...
30 Mar 2020 - The ASX rose at the open then after a shaky start rose up to be now tracking 1.4% higher at noon. Ansell (ASX:ANN) shares performed well today after they affirmed their guidance as demand jumps for protective wear. Declines were seen in Virgin Money UK (ASX:VUK) and Abacus Property (ASX:ABP). Webjet (ASX:WEB) says work on its proposed capital raising is still ongoing.
17 Oct 2019 - The ASX dropped at the open and failed to gain momentum closing 0.8% lower. Shares in Wisetech Global (ASX:WTC) slumped today - they have entered into a trading halt pending the release of an announcement on Monday. CIMIC Group company, (ASX:CIM) and wholly owned subsidiary of CPB Contractors, Broad Construction, has been selected by the Queensland Government to help build the new Secondary College in Brisbane.
15 Oct 2019 - The local sharemearket is set to open lower after Wall Street slipped on new concerns around a US-China trade agreement. Australia’s largest airline, Qantas (ASX:QAN) has announced that it is once again in a position to qualify for inclusion in the MSCI Global Investable Market Indexes based on its most recent foreign ownership reconciliation
25 Aug 2022 - US equities ended higher in uneventful Wednesday trading as investors are awaiting the three-day Jackson Hole economic symposium that starts Thursday, US time, to interpret what Federal Reserve Chairman Jerome Powell might say about the central bank’s next steps on interest rates.
15 Nov 2019 - Aus shares close 0.9% higher. All sectors in the green. GrainCorp Limited (ASX:GNC) shares surged 11.5 per cent after the ACCC said it would not intervene in the sale of the company's port facilities to ANZ Terminals.
19 Jan 2021 - The ASX looks set to open higher. US markets are closed for Martin Luther King Jr Day. The price of iron ore continues to rise due to China’s demand. Back home, 25 council areas have eased restrictions. Turners Automotive Group (ASX:TRA) now expects FY21 Net Profit Before Tax (NPBT) to be within a range of $33 million to $35 million.
15 Nov 2023 - Stocks rallied on Tuesday, building on their strong November gains, as Wall Street cheered new U.S. inflation data that raised hope of the Federal Reserve wrapping up its rate-hiking campaign.
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.
