17 Jun 2019 - Australian shares are set to open the week slightly higher despite weak leads from Wall Street. US sharemarkets eased on Friday, stocks fell after a sharp decline in Broadcom shares put the broader tech sector under pressure. Afterpay Touch (ASX:APT) has responded to queries from the ASX regarding an AUSTRAC investigation.
14 June 2019 - It has been a positive day of trade for the ASX, closing 0.2% higher. Afterpay's (ASX:APT) shares continue to take a dip after reporting their compliance with anti-money laundering laws under AUSTRAC scrutiny earlier this week. The price of iron ore surged through $US110 a tonne. But the dollar stayed at around 68 US cents. Dicker Data (ASX:DDR) reports today that Non-Executive Director Fiona Brown, has appointed Christopher Aleksov as an Alternate Director.
14 Jun 2019 - The ASX opened higher yet took a dip as the morning progressed and is now tracking 0.1% higher at noon. Fortescue Metals Group (ASX:FMG) shares shot up almost 5%. Subsidiary, FMG Resources along with the Tasman Group (ASX:TAS) announced a JV over Tasman's wholly owned Exploration Licence. Volpara Health Technologies (ASX:VHT) has completed its acquisition of Seattle-based MRS Systems.
14 Jun 2019 - ASX is set to open higher. Wall Street had late rises after a two day slide. The price of oil is on the rise after attacks on tanker ships near the world's busiest sea lane for oil shipments. The price of iron ore has surged. And Paladin Energy (ASX:PDN) has appointed a new Chief Financial Officer.
13 Jun 2019 - The Australian share market opened higher, before closing marginally lower for the 2nd day. Tech sector sheds 3% on Afterpay (ASX:APT) AML fear selling. Harvey Norman (ASX:HVN) loses about 4 wks of gains. Australia's employment participation rate up 0.4% to all-time high. Wesfarmers (ASX:WES) sees Target's sales fall while Kmart sales claw up 0.2% Jan-May & Citi cites WES target price of $29. Watch for more.
13 Jun 2019 - The Australian share market opened higher and is holding steady at Midday with gains being capped by falls in Afterpay Touch Group (ASX:APT) and Challenger (ASX:CGF). Trend participation rate hits all-time high, beating expectations. Headline employment rate steady at 5.2%. Employed people rose 42k, beating 18k expected. Challenger (ASX:CGF) cites weaker FY20 on RBA cutting rates & FY19 at lower end of guidance. Stockland (ASX:SGP) distribution at bottom of payout ratio, 4%. Australian Mines (ASX:AUZ) project to generate $5b.
13 Jun 2019 - Australian shares are set for a flat start following weak leads from Wall Street. Rio Tinto (ASX:RIO) has released an audit of its global tailings dams around the world identifying dozens of sites that would generate a â€œhighâ€ hazard if they were to fail.
12 Jun 2019 - The ASX200 dropped after APRA confirmed that it would increase capital requirements for investor and interest only loans. Following this news the big 4 banks took a hit which weighed on the market causing the market to close 0.04 per cent lower after 5 straight sessions of gains. McMillan Shakespeare (ASX:MMS) took a hit following news that an unfavourable interlocutory decision had been handed down in relation to the class action against one of its companies, Davantage Group.
12 Jun 2019 - Aus shares set record highs for 2nd day in a row. Materials shine with Fortescue Metals (ASX:FMG) shares up 4.5%. Emeco Group (ASX:EHL) up 13.6% after lifting earnings guidance 40%. Afterpay (ASX:APT) shares up 5.6% on raising $317.2m & directors selling $103.5m to US investors. Insurance Australia (ASX:IAG) hires ex CEO of Medibank & Sigma as non-exec-director. DomaCom (ASX:DCL) enters halt pending cap raising.
12 Jun 2019 - Australian share market futures are suggesting a rise of 12 points/ 0.2% after the ASX200 closed at a new 11.5 yr high after rising 1.6% yesterday. Iron ore futures up over 3%. US producer prices in line with expectations, up 0.1% in May, with hotel prices surging 10%. RBA Governors Ellis & Kent to make speeches today in Melb. Suncorp (ASX:SUN) acting CEO Steve Johnston's pay rises from $1m to $1.3m. Watch for your morning outlook.
11 Jun 2019 - The Australian share market extended its five-day winning streak, closing at a new 11.5 year-high on local takeover talks and positive leads from Wall St. Business conditions weakened further in May. Coca-Cola Amatil (ASX:CCL) highlights focus on selling over key weeks like football finals and Christmas. AGL (ASX:AGL) makes $3b takeover bit for Vocus (ASX:VOC). The Star Entertainment Group (ASX:SGR) VIP turnover tumbles. Afterpay (ASX:APT) $300m cap raise.
11 Jun 2019 - The Australian share market opened higher and has continued to gain momentum setting a new 11.5 year high. The Star Entertainment Group (ASX:SGR) is down 17.1 per cent after warning of lower profits due to slowing domestic revenue growth in the second half.
11 Jun 2019 - Australian shares are set to open the week higher following positive leads from Wall Street and strong prices for base metals and iron ore. Contact Energy (ASX:CEN) has today announced an investment of $10.7 million over three financial years to acquire a 49.9 per cent stake in Simply Energy.
07 Jun 2019 - It has been a positive day of trade for the ASX closing 1% higher. Syrah Resources (ASX:SYR) saw their share price drop today after the graphite miner released an update downgrading production guidance for its second quarter performance. The Materials sector is leading the way and the Consumer Discrectionary sector trailing behind. Meal kit business Marley Spoon (ASX:MMM) shares are soaring, after Woolworths (ASX:WOW) took a 9% stake.
07 Jun 2019 - The ASX opened higher following positive leads from Wall Street and is now tracking 0.5% higher at noon. Graincorp's (ASX:GNC) shares are on the rise after insuring themselves against poor weather. Synlait Milk (ASX:SM1) has filed an application for leave to appeal in relation to the removal of land covenants on its Pokeno land.
07 Jun 2019 - The ASX is expected to open higher this morning following on from positive leads from Wall Street. We saw US stocks climb as President Donald Trump decided to delay imposing tariffs on Mexico. The European Central Bank ruled out raising interest rates. The Euro rallied. And Infigen Energy (ASX:IFN) is pleased to see the Smithfield Open Cycle Gas Turbine facility re-rated.
06 Jun 2019 - ASX inks third day of straight gains, rising 0.4% today following Wall Street's lead. Wisetech Global (ASX:WTC) rises 5.7% on reiterating FY19 revenue rise of 53%. Afterpay Touch (ASX:APT) sales up 143%. Automotive Holdings Group (ASX:AHG) selling MDA for $18m. Ausdrill (ASX:ASL) writing down $75-95m in FY19.
06 Jun 2019 - The ASX opened higher following positive leads from Wall Street and is now tracking 0.7% higher at noon. Shares in Wisetech Global (ASX:WTC) have risen today after they released their investor conference and briefing materials today showing their position in an industry worth $14 trillion in annual revenues. The Afterpay Touch Group (ASX:APT) has reported today that their underlying sales were approximately $4.7 billion.
06 Jun 2019 - The ASX looks set to open higher this morning. Wall Street closed higher as investors grew in confidence that the Federal Reserve will lower interest rates this year to reignite the economy. There have been signs also that the Trump administration is looking to avoid imposing tariffs on Mexico in an immigration war. Fleetwood Corporation (ASX:FWD) has entered into an accommodation agreement with Rio Tinto.
05 Jun 2019 - The ASX saw strong volumes today closing 0.4% higher. Afterpay Touch (ASX:APT) jumped over 8% after giving an update on its progress in the US. Meanwhile shares in the Vocus Group (ASX:VOC) have taken a huge slide after failing to secure an offer from EQT. And Meridian Energy (ASX:MEZ) Chief Executive today confirmed the appointment of Nic Kennedy as Chief Executive of subsidiary Flux Federation.
05 Jun 2019 - The ASX has extended on its gains from yesterday and has gained 0.7% at noon, clawing back from the sharp selling the market experienced on Monday. It comes as most of the sectors on the ASX are making gains today with tech stocks outperforming and rising over 2%, echoing the theme on Wall Street where the Nasdaq gained 2.7%. Cooper Energy (ASX:COE) has signed a deal with AGL (ASX:AGL) for new gas supply agreements.
05 Jun 2019 - The Australian share market is eyeing a gain of 0.8 per cent after US stocks had their 2nd-best day 2019. US made goods orders fall less than expected. Aus interest rates tipped to be 0.5% by mid-next year. Australian Unity Office Fund (ASX:AOF) receives $480m takeover offer from Abacus Property Group (ASX:ABP) and Charter Hall Group (ASX:CHC). Magellan Financial Group (ASX: MFG) makes key promotions. James Hardie (ASX:JHX) goes ex-div today.
4 June 2019 - The ASX200 managed to unwind some of the losses we have seen over the past week to close 0.2% higher. The Financial sector rallied following news that the RBA has slashed the cash rate for the first time in 2.5 years. Neometals (ASX:NMT) has sees positive results from its scoping study on the recycling of lithium ion batteries.
04 Jun 2019 - The Australian share market has lost some of its early momentum but gains from miners BHP, Rio Tinto and Fortescue Metals helped keep the market afloat in early trade. Incitec Pivot (ASX:IPL) has today announced that it has entered into multiple arrangements to allow continuation of manufacturing operations at its Gibson Island plant through to 31 December 2022.
04 Jun 2019 - Australian shares are set to rise at the open despite a mixed session on Wall Street overnight. US sharemarkets were mixed on Monday with tech stocks falling the most. Mirvac Group (ASX:MGR) has announced that it has entered into a binding agreement with developer, PDG, to acquire 490 completed build-to-rent apartments in Melbourne's CBD.
03 Jun 2019 - ASX continues to fall on Monday, losing 0.7% at noon and closing 1.2% lower on escalating trade war fears. RBA tipped to slash rates 0.25% tomorrow. Eclipx Group (ASX:ECX) upgraded to outperform on new leadership & selling underperforming assets. ANZ (ASX:ANZ) completes sale of OnePath Life. AMP's (ASX:AMP) CFO stays on for another 4 months.
03 June 2019 - ASX fell at the open after Trump threatens 5% tariffs on Mexican imports into the US. Most sectors lower, except property. Amcor (ASX:AMC) reiterated as a buy by Citi. AGL (ASX:AGL) downgraded by GS on regulatory overhang. Nufarm (ASX:NUF) hints litigation risk. St Barbara (ASX:SBM) shares bounce off almost 2-yr low.
03 Jun 2019 - The Australian sharemarket looks set to open lower this morning following volatility on Wall Street last Friday. US sharemarkets fell after President Trump threatened tariffs on Mexico. PVH has completed it's takeover of Gazal Corporation (ASX:GZL).
31 May 2019 - ASX claws back from earlier selling, snapping two-day losing streak. Eclipx Group (ASX:ECX) shares rose to a two-month high on plans to renew leadership & sell off non-core businesses. Volpara Health (ASX:VHT) revenue grows 78%. Link Administration Holdings (ASX:LNK) shaves FY guidance by 6%.
31 May 2019 - The ASX inched higher at the open this morning following positive leads from Wall Street and is tracking 0.04 per cent lower at noon. AGL Energy (ASX:AGL) has appointed Damien Nicks as CFO on an ongoing basis.
31 May 2019 - The ASX200 is set to open higher following a late session rally on Wall Street. An updated estimate of US GDP was released overnight. It was revised lower to 3.1 per cent which was less than expected. Hong Kong billionaire Lawrence Ho has agreed to purchase almost half of James Packer's shares in Crown Resorts (ASX:CWN).
30 May 2019 - ASX ends lower for second day following Wall Street's lead, while Costa Group Holdings (ASX:CGC) selling weighted after its shares lost 27%. Patry's (ASX:PAB) drug reduces breast brain metastases. Orthocell (ASX:OCC) get commitments to raise $11m to ramp up nerve regeneration technology. Restaurant Brands (ASX:RBD) sales rise 1.6% in 1Q of FY. Your market wrap.
30 May 2019 - ASX falls for second day and remains underwater with mostly all sectors in the red. Costa Group (ASX:CGC) down 22% on cutting NPAT guidance amid unexpected warm weather hitting raspberries & mushrooms. Home approvals fall 4.7%, vs 3% dip expected. Sigma (ASX:SIG) upgraded by Citi. AMP (ASX:AMP) to defend superannuation fee class action. Superloop (ASX:SLC) subsea cable system ready to be used.