S&P500 closes at all-time high: Aus shares open higher

S&P500 closes at all-time high: Aus shares open higher


The local share market is poised for a positive start following strong leads from Wall Street. Technology stocks pushed the S&P 500 index to an all-time high on Monday as a possible US-China trade deal boosting confidence with US President Donald Trump saying good things were happening at the China Trade Talk Meeting with both sides exhibiting “warmer feelings” towards each other, shortly after officials resumed negotiations for a second day. Rising bets on a third rate cut by the Federal Reserve also fueled optimism.

Boris Johnson has lost his third bid for a general election, but says the government will try again on Tuesday. Mr Johnson fell short of two-thirds of the parliamentary majority required for a poll.

Virgin Galactic stock have soared as it begins trading on the New York Stock Exchange. The stock began trading publicly on Monday as Sir Richard Branson’s space tourism company make its market debut. The company listed directly on the NYSE, following the closing of a merger last week.

Local economic news

The Reserve Bank Governor Philip Lowe will be giving his speech

To the figures from around the globe:Wall Street closed higher yesterday: The Dow Jones Industrial Average added 0.5 per cent to close at 27,090.72, the S&P 500 closed 0.6 per cent higher at 3039 and the NASDAQ added over 1 per cent to 8326.

European markets closed higher:London’s FTSE added 0.1 per cent, Paris gained 0.2 per cent and Frankfurt rose 0.4 per cent.

Asian markets closed higher, Tokyo’s Nikkei added 0.3 per cent, Hong Kong’s Hang Seng was up0.8 per cent and China’s Shanghai Composite gained 0.9 per cent.

Taking all of this into equation, the SPI futures are pointing to a 0.3per cent gain.

Yesterday, the Australian share market closed 2 points (0.02%) higher at 6741 yesterday.

Company news

iSignthis has responded to the recent ASX query.

The Information technology platform has confirmed that more than a quarter of the revenue it generated during the June 2018 half year came from two customers being wound up by the corporate regulator.
The ASX has inquired into a number of issues including alerts related to large foreign transfers.

iSignthis was suspended from trading by the Australian Securities Exchange pending the outcome of inquiries by the exchange and the Australian Securities and Investments Commission and will remain suspended until further notice.

Shares in ISignthis (ASX:ISX) last traded at $1.07 on the 1st of October.

Ex – Dividends

Clover Corporation (ASX:CLV) is paying 1.75 cents fully franked
Northern Star (ASX:NST) is paying 7.5 cents fully franked
Terracom Ltd (ASX:TER) is paying 1 cent unfranked


One Australian Dollar at 7:40AM was buying 68.39US cents, 53.20 Pence Sterling, 74.56 Yen and 61.64 Euro cents.


Iron Ore futures suggest a 1.7 per cent fall.
Gold has dropped $9.60 to US$1496 an ounce.
Silver has lost 7 cents to US$17.86 an ounce.
Oil has fallen $0.85 to US$55.81 a barrel.

Copyright 2019 – Finance News Network

Source: Finance News Network

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