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US futures suggest a rise, WTC biggest gain in yr, CMA all time high: ASX200 down 0.9%
US futures suggest a rise, WTC biggest gain in yr, CMA all time high: ASX200 down 0.9%

21 Aug 2019 - Aus shares claw back from some earlier losses. WiseTech (ASX:WTC) shares biggest gain in year on profit up 33%, revenue up 57%. Centuria Capital Group (ASX:CNI) shares 10 year-high, Centuria Metropolitan REIT (ASX:CMA) all-time high. Woolworths (ASX:WOW) shares five year high. Carsales (ASX:CAR) profit dives 27% on new vehicle sales drop, but shares +11% today. McMillan Shakespeare (ASX:MMS) outperforms its market. Steadfast (ASX:SDF) profit up 19%.

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Global bonds & US equites retreat, McMillan outperforms: Aus shares 0.9% lower at noon
Global bonds & US equites retreat, McMillan outperforms: Aus shares 0.9% lower at noon

21 Aug 2019 - Market volatility the new norm, US treasury yields fall, along with most global bonds, dragging down global equities. Gold stocks rally, SAR up 2.5%. BHP's (ASX:BHP) result a modest miss but FY20 should be brighter, PT of $39.00. Crown Resorts (ASX:CWN) profit down 28% on VIP revenue down 26%. McMillan Shakespeare (ASX:MMS) profit and revenue rise on outperforming the novated lease market.

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‘Somebody had to take on China’, Trump: ASX set to open lower
‘Somebody had to take on China’, Trump: ASX set to open lower

21 Aug 2019 - Following losses from US markets, the Australian share market looks set to open lower this morning. US President Donald Trump says he's not ready to make a deal with China on trade. Over in Europe, Italian bonds climb as Prime Minister Giuseppe Conte resigns. On the commodities front, gold has added and oil has dropped everso slightly. IOOF (ASX:IFL) update on APRA licence conditions and Board renewal.

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All sectors rise on reporting season: Aus shares up 1.2%, biggest gain in two-months
All sectors rise on reporting season: Aus shares up 1.2%, biggest gain in two-months

20 Aug 2019 - Aus shares ink two-days of gains, taking benchmark ASX200 4.8% away from the all-time high. IPH (ASX:IPH) sees 31% rise in profit, strong growth in Asia. Sonic Healthcare (ASX:SHL) results in line with guidance, profit up 16%. Estia Health (ASX:EHE) profit and revenue up despite 'one of the most challenging periods'. Monadelphous Group (ASX:MND) profit falls on depreciation and drop in industry resources construction, but wins Albemarle contract.

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Zip cements itself globally, Ingenia beats guidance: Aus shares gain for 2nd day, up 0.7% at noon
Zip cements itself globally, Ingenia beats guidance: Aus shares gain for 2nd day, up 0.7% at noon

20 Aug 2019 - Aussie shares extend on yesterday's gains as expected, on bonds rising and local reporting season. Zip Co (ASX:Z1P) to takeover US, NZ, UK & South African co' PartPay for up to NZ$65.8m plus ups stake in QuadPay. Ingenia Communities Group (ASX:INA) earnings up 26%, record home settlements, EPS up 19%.

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Eyes on RBA minutes today, Altium’s results a record: Aus shares to extend yesterday’s gain at open
Eyes on RBA minutes today, Altium’s results a record: Aus shares to extend yesterday’s gain at open

20 Aug 2019 - Wall Street continues its bounce back and bonds around the globe rise, quashing recession fears. US-Huawei business extended for 90 days. RBA to release minutes from 6 Aug mtg. One of the WAAAX stocks reported, Altium (ASX:ALU) with a 41% surge in NPAT & EPS. Revenue up 23%. Reporting season ramps up today with BHP Group (ASX:BHP), Kogan.com (ASX:KGN), SEEK (ASX:SEK). 6 companies go ex-div, incl Computershare Ltd (ASX:CPU).

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SmartGroup's shares soar after 1H result: ASX closes 0.9% higher
SmartGroup's shares soar after 1H result: ASX closes 0.9% higher

19 Aug 2019 - It has been a positive day of trade for the ASX. After a rise at the open the local bourse managed to maintain momentum to gain 0.9%. Employment management company Smartgroup's (ASX:SIQ) shares sky rocketed past 20%. Building supplier GWA (ASX:GWA) saw a transformational year according to their CEO with reported Net Profit After Tax for the period at $95 million compared to $54.3 million for the prior year.

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BlueScope shares drop on US expansion news: ASX tracking 0.8% higher at noon
BlueScope shares drop on US expansion news: ASX tracking 0.8% higher at noon

19 Aug 2019 - The ASX shot up at the open following on from positive leads from Wall St and is now tracking 0.8% higher at noon. Construction firm Lendlease (ASX:LLC) saw their shares rise almost 10% despite reporting a 41% drop in annual profit after tax. The nib Group (ASX:NHF) saw solid growth across all business segments in the financial year 2019 report with NPAT up 11.8 per cent to $149.3m.

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A positive start to the week: ASX set to open higher
A positive start to the week: ASX set to open higher

19 Aug 2019 - Following positive leads from US markets, the Australian share market looks set to open higher this morning. US stocks saw a rebound on Friday despite a rollercoaster week. Investors were bolstered by talk of a German economic stimulus. Austal (ASX:ASB) has delivered the fourth Guardian Class Patrol Boat to the Australian Department of Defence creating more opportunities in the Pacific.

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Baby Bunting bunts to 3yr high, Cochlear bouches back: Aus shares lose 2.8% this week, steady Friday
Baby Bunting bunts to 3yr high, Cochlear bouches back: Aus shares lose 2.8% this week, steady Friday

16 Aug 2019 - Aussie shares lose 2.8% this week, on the US yield “2-10 inversion”, despite stronger than expected local and US economic news. Baby Bunting (ASX:BBN) results beat expectations, Credit Corp Group (ASX:CCP) buys Baycorp, Newcrest Mining (ASX:NCM) profit up 180%, Cochlear (ASX:COH) profit up 7% & its shares charge to $213.80. Seven West (ASX:SWM) new CEO/MD James Warburton as Tim Worner exists. IPO FINEOS (ASX:FCL) up 8%.

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Yo-yo markets continue on US China trade war: Aus shares 0.1% lower at noon
Yo-yo markets continue on US China trade war: Aus shares 0.1% lower at noon

16 Aug 2019 - Watch/read everything you need to know about markets, plus latest on reporting season. Abacus Property Group (ASX:ABP) profit falls 17% in FY19 as business transitions to annuity-style investment house. Newcrest Mining (ASX:NCM) profit rises 178%, buys 70% of Canada equal, flags gold/copper production to fall FY20. Ooh!Media Limited (ASX:OML) earnings for the YE 30 June to drop to $125m-$135m, from $152m-$162m on sharp decline in bookings.

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Treasury note yield plummets: ASX poised to open lower
Treasury note yield plummets: ASX poised to open lower

16 Aug 2019 - Following mixed leads from US markets, the Australian share market looks set to open lower this morning. The Dow finished the day higher yesterday. Treasury yields plummeted to levels unseen in years. Oil Search (ASX:OSH) released a press release yesterday from Papua New Guinea's Minister for Petroleum regarding the Papua LNG Project.

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ASX plunges following on from Wall St: ASX closed 2.9% lower
ASX plunges following on from Wall St: ASX closed 2.9% lower

15 Aug 2019 - The ASX saw the biggest drop of the year closing 2.9% lower today taking the benchmark S&P200 back to where it traded in early June. It comes as Wall St saw its biggest drop of 2019 as the bond market reared a recession indicator. QBE Insurance Group (ASX:QBE) today announced a 1H19 statutory net profit after tax of $463 million, up 29 per cent from $358 million in the prior period.

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Unemployment rate steady, wages rise: ASX tracking 2.4% lower at noon
Unemployment rate steady, wages rise: ASX tracking 2.4% lower at noon

15 Aug 2019 - The ASX dropped at the open following a plunge in the US markets overnight. It is now tracking 2.14% lower at noon. Treasury Wine Estates (ASX:TWE) shares have soared after it reported NPAT up 16% on the pcp. Packaging manufacturer meanwhile Orora's (ASX:ORA) share price dropped after reporting on challenging market conditions today. Gold Road Resources (ASX:GOR) and Gold Fields ramp up progress on Gruyere process plant.

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Dow plunges, Europe stocks fall: ASX set to open lower
Dow plunges, Europe stocks fall: ASX set to open lower

15 Aug 2019 - Following a shocking plunge in US markets yesterday, the ASX looks set to open lower. The Dow Jones Industrial Average had its worst performance of 2019. Bank stocks led the declines with the financials sector down more than 10 per cent from a recent high. Elders (ASX:ELD) has refinanced its debt facilities for working capital facilities for Australian Independent Rural Retailers.

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Healthcare sector sees biggest gain a year: Aus shares close 0.4% higher
Healthcare sector sees biggest gain a year: Aus shares close 0.4% higher

14 Aug 2019 - Healthcare sector sees biggest gain in a year. CSL (ASX:CSL) shares hit a new high on immunoglobulin (anti-infection) business. Pilbara Minerals (ASX:PLS) shares bounce off 2017 levels. Aussie wages price more than expected. Aveo (ASX:AOG) inks implementation for $1.3b takeover. Pact Group (ASX:PGH) swings into loss on higher costs. Tabcorp (ASX:TAH) profit up 100% on digital lotteries growth.

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Trump's Christmas present to the world: Aus shares 0.1% higher at noon
Trump's Christmas present to the world: Aus shares 0.1% higher at noon

14 Aug 2019 - US trade rep removes items from the China tariff list including cellphones, laptops & game consoles, sending Apple's shares +4.2%. Wages rise more than expected in June Qtr. CSL (ASX:CSL) shares hit a new high on another record profit. National Australia Bank (ASX:NAB) 3Q earnings up 1% to $1.65b, in line with Citi's expectations. Dexus Property (ASX:DXS) distributions for FY19 up 5% as per guidance, FFO up 4.3%, profit dives 26%, but its shares +31% YOY.

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Market boost as Trump delays some China tariffs: ASX poised to open higher
Market boost as Trump delays some China tariffs: ASX poised to open higher

14 Aug 2019 - Following positive leads from US markets, the Australian share market looks set to open higher this morning. US President Donald Trump decided to delay imposing tariffs on some imports from China until 15 December. Civmec (ASX:CVL) has secured the award of a major iron ore project for Fortescue Metals Group (ASX:FMG).

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ASX snaps four-day winning streak but gold shines bright: Aus shares close 0.3% lower
ASX snaps four-day winning streak but gold shines bright: Aus shares close 0.3% lower

13 Aug 2019 - Argentina sell-off, Wall Street slip, 2016-year US bonds and HK protests cap gains. NAB Business Survey for July cites below average conditions and no signs of improvement. Johns Lyng Group (ASX:JLG) snaps up controlling stake in Bright & Duggan Group for $13.8m, shares up 32% YOY. Challenger (ASX:CGF) shares two-month high as profit in line with expectations. Magellan (ASX:MFG) profit soars 80%, it launches a new fund. Centuria Capital (ASX:CNI) approaches ASX300, profit rises.

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Gold stocks gain on uncertainty: ASX tracking 0.3% lower at noon
Gold stocks gain on uncertainty: ASX tracking 0.3% lower at noon

13 Aug 2019 - The ASX opened lower as expected, after the three major indices on Wall St made losses of 1.2% or more on their Monday session. Before noon, the benchmark ASX200 re-entered positive territory, but now the S&P/ASX 200 index is 0.3% lower. Westgold Resources (ASX:WGX) has updated its hedge book, also factoring in the sale of it Higginsville Gold Operations (HGO) assets for about $50 million

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Political unrest shakes markets: ASX set to open lower
Political unrest shakes markets: ASX set to open lower

13 Aug 2019 - Following weak leads from US markets, the ASX looks set to open lower this morning. In the US stocks fell mainly due to the political unrest witnessed in Hong Kong and Argentina. Investors turned to safe stocks with gold rising. Dicker Data (ASX:DDR) is offering all eligible employees $1,000 worth of new fully paid ordinary shares.

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Wesfarmers buys Catch Group Holdings: ASX closed 0.1% higher
Wesfarmers buys Catch Group Holdings: ASX closed 0.1% higher

12 Aug 2019 - The ASX closed 0.1% higher after struggling to gain huge momentum throughout the afternoon. Investor caution still surrounds concerns over the latest movement in the US China trade war. JB Hi-Fi shares have risen almost ten per cent. Wesfarmers (ASX:WES) today announced the acquisition of Catch Group Holdings.

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JB Hi-Fi shares surge as profit jumps: ASX flat at noon
JB Hi-Fi shares surge as profit jumps: ASX flat at noon

12 Aug 2019 - The ASX was flat at noon after opening lower as expected after Wall St ended its session lower on Friday after the US President Donald Trump said the US was not ready to strike a deal with China. GPT Group (ASX:GPT) has reported a 52% drop in its net profit after tax (NPAT) for the half-year to 30 June 2019.

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Trump puts China talks in jeopardy: ASX set to open lower
Trump puts China talks in jeopardy: ASX set to open lower

12 Aug 2019 - Following negative leads from US markets, the Australian share market looks set to open lower this morning. Stocks in Asia look set to start the week cautiously as Wall Street retreated on Friday under the US and China trade war worries. Back home the second quarter earnings reporting season is coming to an end soon. Harvey Norman Holdings (ASX:HVN) has sold The Byron at Byron Bay Resort to GAG Byron.

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James Hardie soars on profit results: ASX closes 0.3% higher
James Hardie soars on profit results: ASX closes 0.3% higher

09 Aug 2019 - The ASX closed 0.3% higher. Afterpay (ASX:APT) shares are higher. James Hardie Industries (ASX:JHX) shares soared today, AMP (ASX:AMP) shares are also on the up. Shares in Mirvac (ASX:MGR) are down. As for the sectors, Infotech led the pack today following rises on the NASDAQ. Healthcare didn't fare so well. Meanwhile, RBA governor Philip Lowe spoke about the impacts of ultra low rates. And SkyCity Entertainment Group's (ASX:SKC) sale of a Auckland car parks due to happen later this month.

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Rates could go to zero: Lowe: ASX 0.02% lower at noon
Rates could go to zero: Lowe: ASX 0.02% lower at noon

09 Aug 2019 - The ASX is on the rise and was tracking 0.02% lower at noon. James Hardie Industries (ASX:JHX) shares are up after they posted their adjusted NOPAT for FY20 would be higher than consensus forecast. RBA say zero interest rates are 'possible'. And Abacus Property Group (ASX:ABP) has joined a consortium managed by Charter Hall in the acquisition of a Sydney tower.

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Tech stocks rise, NASDAQ up: ASX set to open higher
Tech stocks rise, NASDAQ up: ASX set to open higher

09 Aug 2019 - Following positive leads from US markets, the Australian share market looks set to open higher this morning. The S&P 500 Index posted its biggest advance in two months, building on gains in Europe and Asia and erasing its loss for the week. A surge in tech companies pushed the Nasdaq Composite up. And Crown Resorts (ASX:CWN) are to comply with Gaming Authority inquiry.

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Shares in AGL drop, Utilities down: ASX closed 0.8% higher
Shares in AGL drop, Utilities down: ASX closed 0.8% higher

08 Aug 2019 - After a dip at the open the ASX rose throughout the day closing 0.8% higher. Galaxy Resources (ASX:GXY) is trading over 10 per cent higher. Western Areas (ASX:WSA) is up as is Pilbara Minerals (ASX:PLS). PolyNovo (ASX:PNV) has now registered NovoSorb BTM with the Health Sciences Authority of Singapore.

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Rural Funds Group refutes Bonitas claims: ASX tracking 0.2% higher at noon
Rural Funds Group refutes Bonitas claims: ASX tracking 0.2% higher at noon

08 Aug 2019 - The ASX slipped back in the red today, after a muted session on Wall Street overnight. Tracking 0.2 per cent higher at noon. In terms of the sectors, utilities are down, AGL Energy (ASX:AGL) dropped almost 6%. Rural Funds (ASX:RFF) released a statement overnight with the MD David Bryant rebutting allegations raised in the short seller Bonitas report.

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Safe haven gold hits 6-year high: ASX set to open lower
Safe haven gold hits 6-year high: ASX set to open lower

08 Aug 2019 - The ASX looks set to open lower this morning. There was some positive investment in the US as the outlook for global growth was bolstered by the Central Bank moves to ease monetary policy. But the China/US trade war drags on as the Yuan slips, influencing the last few sessions. Alliance Aviation Services (ASX:AQZ) announced a record profit before tax result of $32.8 million.

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AUD drops to a ten year low against USD: ASX closed 0.6% higher
AUD drops to a ten year low against USD: ASX closed 0.6% higher

07 Aug 2019 - The ASX closed 0.6% higher. The Reserve Bank of New Zealand cut official interest rates by 50 basis points today. The New Zealand dollar plunged after the announcement and the Australian dollar was down to US66.88 cents, the lowest since 19 March, 2009. The Charter Hall Group (ASX:CHC) announced that two of its managed wholesale funds have combined to partner with GIC, to acquire the leasehold of Chifley Tower in Sydney.

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Construction at lowest level in 6 years: ASX tracking 0.2% higher at noon
Construction at lowest level in 6 years: ASX tracking 0.2% higher at noon

07 Aug 2019 - The ASX is now tracking 0.2 per cent higher at noon. Shares in Suncorp (ASX:SUN) are up over 4%. Resolute Mining (ASX:RSG) are also up as are Regis Resources (ASX:RRL). A new report out today shows Australian construction has dropped to its lowest level in six years. Lynas Corporation (ASX:LYC) addressed media speculation about the renewal of the Malaysian operating licence

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US stocks steady after sell off: ASX to open higher
US stocks steady after sell off: ASX to open higher

07 Aug 2019 - Following positive leads from US markets, the ASX looks set to open higher this morning. China moved to stablise its currency as the trade war escalated with the US. In New York some shares clawed back after recent losses. Tilt Renewables (ASX:TLT) reports that Snowtown Wind Farm Stage 2, a wholly-owned subsidiary of Tilt Renewables, has been served with court proceedings on behalf of the Australian Energy Regulator.

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RBA keeps rates on hold: ASX closed 2.45% lower
RBA keeps rates on hold: ASX closed 2.45% lower

06 Aug 2019 - The ASX closed 2.45% lower. Pinnacle Investment Management (ASX:PNI) shares rose today despite the sell off. The RBA kept rates on hold at 1%. All the sectors were down. Transurban (ASX:TCL) says that Transurban Queensland has successfully raised $500 million of non-recourse debt via a new syndicated bank debt facility with a tenor of 3 years.

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