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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11 Aug 2020 - The Australian share market opened higher this morning and is now trading 1.2 per cent up at noon. CIMIC Group’s (ASX:CIM) CPB Contractors has been awarded two contracts worth $128 million for resources and water projects located in Western Australia and Queensland.
24 Sep 2019 - The ASX rose at the open despite weak leads from Wall Street but failed to maintain the momentum and is now tracking 0.1% lower at noon. Webjet (ASX:WEB) shares are on the up following the collapse of UK travel firm Thomas Cook. Qantas have been called on to help their passengers stranded in all corners of the globe. Macquarie Media (ASX:MRN) has confirmed that John Singleton has signed over his stake in the group.
27 Feb 2020 - The ASX looks set to open lower as US stocks fell for the fifth day. Treasury ten year note yields dropped. The NASDAQ did manage rise as the US markets swung into afternoon trade. On the commodities front, crude oil dropped below $50 a barrel. Lynas Corporation (ASX:LYC) is pleased to confirm that Lynas Malaysia has received a new three year operating licence.
11 Oct 2023 - US stocks rose Tuesday, boosted by declines in Treasury yields as Wall Street assessed the geopolitical risks from the Israel-Hamas war. The benchmark 10-year Treasury yield fell nearly 13 basis points to about 4.65 per cent, as investors sought safe assets amid the conflict. Yields and prices move in opposite directions.
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.
02 Sep 2019 - Aussie shares see first day of red in five sessions, falling 0.4%. Manufacturing rises more than expected. Incitec Pivot Limited’s (ASX:IPL) kicks off review of Asia Pacific businesses, drops EBIT forecast. Western Areas (ASX:WSA) shares jump to year-high, up 14% on nickel price jump & JV progress. Telstra (ASX:TLS) updates guidance. Australian Unity Office Fund (ASX:AOF) $495m takeover on the cards.
23 Nov 2023 - Today's theme is all about the fall in energy stocks due to the falling price of crude oil. The falling prices are a result of disagreements within OPEC+ causing a delay in their meeting, diminishing prospects of production cuts by the Saudi-led alliance. Concurrently, US data showed an uptick in oil stockpiles.
15 Jan 2021 - After edging lower at the open, the Australian share market had a sea-saw session which ended flat. Most of the sectors ended in the red. Information technology led the day, capping 2.6 per cent in gains. Shares in fintech Tyro Payments (ASX:TYR) plummeted today after Viceroy Research released a scathing report on the company’s recent connectivity issue with respect to some of its EFTPOS terminals.
21 Jan 2021 - Following a lift on US markets overnight, the ASX looks set to open higher this morning. Donald Trump's presidency came to an end in the early hours of this morning when Joe Biden was sworn in as the 46th President of the United States. China's December coal imports from Australia were zero due to import restrictions. Pilbara Minerals (ASX:PLS) has completed the acquisition of Meridian Energy following cash payment of $201 million.
14 Feb 2020 - Despite Wall St closing lower yesterday, the ASX looks set to open higher this morning after the WHO says new coronavirus cases have stablised – but warn that could change. Global parking business Smart Parking (ASX:SPZ) has been appointed to provide parking technology solutions at London Gatwick Airport, the UK’s second largest airport.
