Apple gives Wall St a boost: ASX poised to open higher

11Sep

Apple gives Wall St a boost: ASX poised to open higher

 

Following positive leads from US markets, the Australian share market looks set to open higher this morning. The NASDAQ had a huge boost yesterday on Wall Street, hitting the highest level since July. This was mainly due to Apple showing new pricing and updates on their products. Apple shares went up over $220. Crude oil plunged after President Donald Trump indicated that sanctions on Iran could be eased. Meanwhile safe haven gold gained.

Markets

Wall Street closed higher yesterday: The Dow Jones Industrial Average gained 0.9 per cent to close at 27,137, the S&P 500 closed 0.7 per cent higher at 3001 and the NASDAQ rose 1.1 per cent to 8170.

European markets closed higher: London’s FTSE added almost 1 per cent, Paris improved 0.4 per cent and Frankfurt gained 0.7 per cent.

Asian markets closed mixed: Tokyo’s Nikkei added 1 per cent, Hong Kong’s Hang Seng gained 1.8 per cent and China’s Shanghai Composite lost 0.4 per cent.

Taking all of this into equation, the SPI futures are pointing to a 0.39 per cent gain.

Yesterday, the Australian share market closed 24 points or 0.4 per cent higher at 6638.

Company news

Compulsory acquisition notices and related correspondence 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 who have not accepted the Offer. Clime Capital understands that the ASX will suspend quotation of CBG shares 5 business days after today. Shares in Clime Capital (ASX:CAM) closed 0.54 per cent lower at $0.93 yesterday.

Ex – Dividend

AMA Group Limited (ASX:AMA) is paying 2.25 cents fully franked
Breville Group Ltd (ASX:BRG) is paying 18.5 cents 60 per cent franked
CPT Global Limited (ASX:CGO) is paying 0.5 cents fully franked
Easton Investments (ASX:EAS) is paying 2 cents fully franked
Flight Centre Travel (ASX:FLT) is paying 98 cents fully franked
IOOF Holdings Ltd (ASX:IFL) is paying 19 cents fully franked
Independence Group (ASX:IGO) is paying 8 cents 97 per cent franked
Lindsay Australia (ASX:LAU) is paying 1.1 cents fully franked
Laserbond Limited (ASX:LBL) is paying 0.5 cents fully franked
Mercury NZ Limited (ASX:MCY) is paying 8.8052 cents unfranked
Metlifecare Ltd (ASX:MEQ) is paying 5.8252 cents unfranked
Michael Hill Int (ASX:MHJ) is paying 1.5 cents unfranked
Monadelphous Group (ASX:MND) is paying 23 cents fully franked
Pro Medicus Limited (ASX:PME) is paying 4.5 cents fully franked
RXP Services Ltd (ASX:RXP) is paying 3 cents fully franked
South32 Limited (ASX:S32) is paying 4.1292 cents fully franked
Shine Corporate (ASX:SHJ) is paying 2.5 cents unfranked
URB Investments Ltd (ASX:URB) is paying 4 cents fully franked
Veem Ltd (ASX:VEE) is paying 0.365 cents fully franked
Vista Group Int Ltd (ASX:VGL) is paying 0.9586 cents unfranked
Vita Group Ltd (ASX:VTG) is paying 4 cents fully franked
Western Areas Ltd (ASX:WSA) is paying 2 cents fully franked

Currencies

One Australian Dollar at 7:40AM was buying 68.65US cents, 55.72 Pence Sterling, 74.01 Yen and 62.34 Euro cents.

Commodities

Iron Ore futures suggest a 1.6 per cent gain.
Gold has gained $5.90 to US$1505 an ounce.
Silver has added $0.01 cents to US$18.20 an ounce.
Oil has dropped $1.35 to US$55.65 a barrel.
 
Copyright 2019 – Finance News Network


Source: Finance News Network

Share this post

Related Posts

06Nov

US to withdraw from Paris Agreement: Aus shares to open higher

06 Nov 2019 - Following strong leads from US markets, the S&P/ASX200 is poised to edge higher at the open. The United States comes under intense criticism as it notifies the United Nations of its intention to withdraw from the Paris Agreement. The Oneview Healthcare (ASX:ONE) board is repositioning the roles of its three independent directors.

Read More
18Nov

Imugene Limited (ASX:IMU) completes OV acquisition: Aus shares 0.6% lower at noon

18 Nov 2019 - Australian share market dipped on open despite ‘constructive discussions’ regarding the phase-one China and US trade deal between negotiators. Imugene Limited (ASX:IMU) has completed the acquisition of its Oncolytic Virus.

Read More
22Sep

US stocks decline amid surging treasury yields

22 Sep 2023 - Stocks fell Thursday as Treasury yields popped to multiyear highs and investors grew worried that lawmakers would be unable to prevent a shutdown.

Read More
19Apr

Gains in utilities and materials: Aus shares trading 0.4% higher

19 Apr 2021 - The market has risen in early morning trade, mainly on the back of gains in the Utilities and Materials sectors, with strong trading in Pilbara Minerals, Whitehaven Coal, Alumina and Telstra.

Read More
06Jan

Gold miners push up the materials sector: ASX tracking 0.3% lower at noon

05 Dec 2021 - The ASX opened lower this morning. The S&P/ASX 200 Index 20 points down or 0.3% lower at 6,664. Futures are pointing to a fall of 12 points. Gold miners are pushing the materials sector higher with shares in Ramelius Resources (ASX:RMS) on the up. Shares in Unibail-Rodamco-Westfield (ASX:URW) have seen a drop today.

Read More
07May

Tech shares tumble as Yellen raises tremors on a rate hike: ASX to fall

05 May 2021 - The ASX is to drop at the open following a mixed lead from Wall St. Nearmap (ASX:NEA) has increased its full-year guidance by 20-26 per cent for its annual contract value. Morgan Stanley upgrades Spark infrastructure (ASX:SKI) as an add.

Read More
18Feb

Asaleo Care (ASX:AHL) has agreed to Essity’s offer: ASX tracking 0.7% lower at noon

17 Feb 2021 - The Australian share market dropped during the early trading hours and is tracking 0.7 per cent lower or 49 points lower at noon at 6,869. On the futures market the SPI is 55 points lower. Materials is the only sector in the green. Asaleo Care (ASX:AHL) has agreed to Essity's offer.

Read More
09Dec

Wall St gains, ASIC sues ANZ, Evolution Mining gets a rating hike: ASX to dip

09 Dec 2021 - Wall St rally continued at a slower pace ahead of the inflation figures this week. European markets retreated on rising Covid-19. ASX gained for the 4th day, its highest finish since 25 November. UBS upgraded Evolution Mining’s (ASX:EVN) rating.

Read More
14Sep

ASX higher: Macquarie drags after flagging $300m hit to profits

14 Sep 2020 - Australian shares have opened firmly higher this morning with strong gains from major resources stocks offsetting a heavy loss from Macquarie Group.

Read More
19Mar

Pilbara Minerals (ASX:PLS) launches digital trading platform: ASX closed 0.7% lower

18 Mar 2021 - It's been a negative day of trade for the local market. After opening almost flat, the market continued to slide, extending yesterday's drop to close 49 points down. After data was released showing a better than expected improvement in the unemployment rate, the index lifted by 0.4 per cent. However, it failed to hang onto these gains. The S&P 500 and Dow Jones Industrial Average closed at record highs overnight after the US Federal Reserve...

Read More