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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18 Feb 2020 - Wall Street was closed yesterday due to President’s Day. The ASX looks set to open flat this morning. European stocks closed higher as China’s central bank announced fresh policy to shield its economy from Coronavirus. Meanwhile, Apple reports they will not meet their quarterly revenue forecast as a result of the virus outbreak. Rio Tinto’s (ASX:RIO) iron ore operations in the Pilbara are progressively resuming following the passing of Tropical Cyclone Damien.
21 Jul 2020 - The Australian share market rose at the open and continued to rally throughout the day closing 2.6 per cent up at the end of trade. JobKeeper payments have been extended until March 2021 although both JobKeeper and JobSeeker wages will be reduced after September. Dreamworld's parent company Ardent Leisure (ASX:ALG) has been charged over the 2016 Thunder River Rapids Ride tragedy that killed four people.
14 Apr 2021 - The Australian sharemarket opened higher this morning and re-entered the 7000s territory, driven by a strong rally in the tech sector and buy-now-pay-later stocks. Stateside gains on the tech-heavy Nasdaq added fuel to the fire of the S&P/ASX Infotech. Today’s performances in mining are in stark contrast to yesterday’s, as Gold miners are making amends for yesterday’s losses.
06 Feb 2023 - Stocks fell on Friday due to a strong jobs report, causing some investors to worry about the Federal Reserve continuing to raise interest rates. The seemingly endless announcements of mass layoffs notwithstanding, Americans haven’t been this employed in more than fifty years. The Bureau of Labor Statistics said on Friday that the US added a whopping 517,000 jobs last month and the unemployment rate dropped slightly, to 3.4% - the lowest it’s been since 1969.
23 Dec 2020 - Following mixed leads from US markets, the ASX looks set to open higher. Stocks recovered ground across Europe yesterday. New South Wales residents wait anxiously to hear from the Premier later today on social gathering restrictions for Christmas. The number of cases in the state has so far been tracking down from 30 to just 8 yesterday. Challenger (ASX:CGF) has entered into an agreement to acquire MyLifeMyFinance for $35 million.
24 May 2021 - The ASX is to dip following Wall St’s volatile week of trade. The Dow Jones was the only index against its peers to close in the black on Friday as inflation fears lingered amid the digital currency price of Bitcoin, which slumped under pressure. Mini earnings and AGM's held this week with chemicals and waste management group DGL (ASX:DGL) set to ring the bell at 10.30am (AEST).
23 Apr 2020 - The Australian share market opened higher again this morning and is now trading 0.5 per cent higher at noon. Clinuvel Pharmaceuticals (ASX:CUV) has launched its Scenesse peptide in the People's Republic of China.
12 Sep 2019 - Following positive leads from US markets, the ASX looks set to open higher this morning. The NASDAQ had a huge boost yesterday on Wall Street, hitting the highest level since July. Mainly due to Apple showing new pricing. Compulsory acquisition notices in relation to the off-market takeover offer by Clime Capital (ASX:CAM) for all of the shares in CBG Capital (ASX:CBG) will be despatched to all CBG shareholders.
25 Jul 2022 - If you think the last couple of weeks have seen a lot of news and action in financial markets, then have we got a BIG week ahead for you. There’s a Federal Reserve rate rise in the US, a high inflation reading from Australia, an economic update Thursday from the Federal Government, the first estimate of American June quarter GDP, inflation and unemployment in the EU and more US earnings in the biggest week of...
05 Jul 2022 - Looking ahead, investors are focusing on commodity pricing as a signal that rising rates may be having an immediate effect on commodities -- long considered the ideal inflation hedge.
