Evening Report: Market’s Third Gain In Four Days
The Australian sharemarket rose by 1.3% on Thursday, taking the gains for the week so far to 3.5% as US election counting continues.
Read MoreThe Australian sharemarket rose by 1.3% on Thursday, taking the gains for the week so far to 3.5% as US election counting continues.
Read MoreThe Australian sharemarket is lifting by 1% at lunch despite some uncertainty surrounding the US Election.
Read MoreInvestors concluded that neither US presidential candidate would have a mandate to implement significant changes, including changes on taxes. Healthcare rose 4.5% with technology up 3.9%.
Read MoreThe Australian sharemarket finished flat in volatile trade as votes continue to be counted in the US election. Banks and miners held the market back most.
Read MoreThe Australian sharemarket has faded from a better start as the US election continues and results start to filter through.
Read MoreInvestors hoped that a clear winner would emerge from the US presidential election and a contested result would be avoided. The lead for Democratic Party nominee Joe Biden in national opinion polls raised expectations for a decisive outcome.
Read MoreThe ASX 200 had its best day in a month as investors reacted to today’s RBA rate cut. Gains were broad based with energy leading all sectors higher.
Read MoreThe Aussie market is building on yesterday’s gains with the ASX 200 climbing back above 6,000 points. Gains are broad based with the energy sector jumping most.
Read MoreIt was a choppy trading session as investors braced for Tuesday’s US presidential election. Mega cap technology shares slid with Facebook (-0.7%), Amazon (-1%), Apple (-0.1%) and Microsoft (-0.1%) all lower.
Read MoreThe Aussie market is higher to start the week with financials playing a big part in the move higher. AMP jumped another 10% on further details of its proposed takeover while Westpac (WBC) fell after reporting a 62% slide in cash earnings.
Read MoreThe Aussie market is trading higher at lunch to start the new week & month with the ASX 200 lifting despite swinging between early gains and losses. Westpac (WBC) is a weight after recording a 62% slide in full-year cash earnings but AMP jumps again on more details of its proposed takeover.
Read MoreCorporate Connect Research analyst Marc Sinatra recently published a research report on Antisense Therapeutics (ASX:ANP) with a 30.5 cent valuation. The report is available for free download.
Read MoreShares in Apple lost 5.6%, Amazon fell 5.5%, Twitter lost 21.1% and Facebook fell 6.3%. But Alphabet (Google) rose by 3.8%. The Dow Jones index fell by 157.5 points or 0.6%. The S&P500 index fell by 1.2% and the Nasdaq index fell by 274 points or 2.5%.
Read MorePresenter – Martin Filz – CEO – Pureprofile connects businesses with empowered consumers across the world by connecting, understanding and engaging them through direct-to-consumer technology platforms. Pureprofile is a global leader in consumer research, data and insights and programmatic media. Pureprofile delivers next-generation marketing solutions for more than 700 brands, publishers and research groups worldwide.
Read MorePresenter – Marc Schneider – President & CEO – Zebit is an e-commerce retailer that serves millions of credit-challenged consumers who value the proposition of buy now, pay over time. By providing these consumers with up to $2,500 of store credit and access to a marketplace of thousands of brand name products, Zebit gives its customers the ability to shop while spreading their payments over time. Zebit is located in San Diego and is backed by Venture Capital firms that include Crosslink Capital, Wildcat Venture Partners, Leapfrog Ventures, Ulu Ventures, and Correlation Ventures.
Read MoreNeil Whitaker – CEO & MD – Nusantara Resources Limited is an Australian mining company which is focussed on growing shareholder value by developing and operating gold projects within the Asia-Pacific region. Nusantara owns a 100% interest in the Awak Mas Gold Project, located in the Luwu Regency of South Sulawesi Province, Indonesia. The project hosts an open pit Indicated and Inferred Resource of 54.0 Mt at 1.35 g/t Au for 2.35 Moz (April 2020) and an updated Ore Reserve of 35.6Mt at 1.33g/t Au for 1.53Moz (June 2020).
Read MorePresenter – Chris Daws – CEO – Estrella Resources aims to achieve long term shareholder value, with the Boards extensive experience in exploration and their innovative approach to the mining and development of metal deposits. ASX listed in 2012, Estrella Resources Limited current portfolio focuses on West Australian based nickel exploration and development projects, including their Carr Boyd Nickel and Spargoville Nickel Project.
Read MoreCatch up on the full webinar with presentations from Pureprofile (ASX: PPL), Zebit, Inc (ASX: ZBT), Nusantara Resources (ASX: NUS) and Estrella Resources (ASX: ESR).
Read MoreThe Aussie market fell by 0.55% and closed at an intraday low, wrapping up the sluggish end to the month of October.
Read MoreInvestors were encouraged by better-than-forecast US economic data and optimism about big tech earnings. Shares of Apple (+3.7%), Amazon (+1.5%) and Alphabet (+3.1%) rose before their results. Facebook (+4.9%) and Twitter (+8%) shares jumped after Pinterest (+26.9%) forecast a rebound in ad spending.
Read MoreThe Aussie market fell by 1.6% on Thursday to a fresh three-week low as participants remain on edge ahead of next week’s US election and new lockdowns in Europe.
Read MoreThe Australian sharemarket is sliding by 1.2% as concerns of a spike in coronavirus cases offshore grows. All sectors are falling sharply.
Read MoreBig tech companies – Apple (-4.6%), Alphabet (- 5.5%), Amazon (-3.8%) and Facebook (-5.5%) – which are due to report results on Thursday, weighed heavily on indexes. Microsoft shares slid 5.1% after a disappointing forecast.
Read MoreThe Australian sharemarket bounced off this morning’s three-week low and put an end to a four-day losing streak. Banks weighed ahead of profit results from four majors over the next week.
Read MoreThe Australian sharemarket has crept into positive territory at lunch, with the ASX 200 up by 0.1%. Coles, Super Retail Group and Afterpay are all higher following quarterly updates this morning.
Read MoreSentiment was dented by the rising number of new COVID-19 cases and an inability by lawmakers to push forward on new fiscal stimulus.
Read MoreLocal shares fell to three week lows as the ASX 200 followed sharp declines on global markets over a surge in global daily COVID-19 cases.
Read MoreThe Aussie market is following weakness on global markets as the ASX 200 extends its losses for a fourth session. The index is suffering its worst decline in 3 weeks on broad losses.
Read MoreThere are concerns that soaring coronavirus cases will weaken the US economy. Sentiment also took a hit after White House economic director Larry Kudlow said that President Donald Trump can’t accept parts of the Democrats’ proposed stimulus bill.
Read MoreThe Aussie market failed to build on early momentum with the ASX 200 sliding throughout afternoon trade to close weaker by 11 points, down for a third consecutive session. There was a big winner in amongst the declines with Coca-Cola Amatil (CCL) surging 16% on a proposed $9.3 billion takeover offer.
Read MoreThe Aussie market has enjoyed a solid start to the week with the ASX 200 bouncing back from successive losses to finish last week. Tech & consumer staples are leading a rather broad improvement.
Read MoreIn choppy trade investors continued to monitor developments in talks over a stimulus package. Shares in Intel lost 10% after reporting a drop in margins. And shares in American Express fell 3.6% after third-quarter profit missed estimates.
Read MoreCatch up on the full webinar with presentations from Douugh Limited (ASX: DOU), Maximus Resources (ASX: MXR), Legend Mining (ASX: LEG) and Terracom Limited (ASX: TER).
Read MorePresenter – Andy Taylor – Founder & CEO – Douugh is a purpose-led fintech and next-generation neobank, taking a proprietary artificial intelligence first approach to disrupting the business model of banking – helping people better manage their money and live financially healthier. Douugh’s vision is to become a fully autonomous financial control centre.
Read MorePresenter – Tim Wither – MD – Maximus is an innovative, energetic, and professional mineral exploration and development team, with an Australian focus on gold and nickel. The company has an established JORC Resources base of +112,000 oz and holds 48sqkm of Granted Mining Licenses located within 50km of six gold processing plants.
Read MorePresenter – Mark Smith – MD – Legend’s mission is to make value-adding mineral discoveries and utilise all available asset bases to maximise shareholder benefit. The Company’s exploration focus is on its nickel-copper Rockford Project in the Fraser Range, Western Australia, with its Joint Venture partners and major shareholders Creasy Group and Independence Group NL.
Read MorePresenter – Craig Ransley – Deputy Chairman – TerraCom is an emerging company originating as a resource explorer with a large portfolio of operating assets in Australia and South Africa. The company is currently enacting a growth strategy towards delivering a mid-tier diversified operating and trading business and have a global focus on the development of a high yielding diversified asset portfolio for investors.
Read MoreThe Australian sharemarket eased by just 0.1% on Friday, with gains from banks offset by losses from major mining stocks.
Read MoreWith low yields delivering low income, fixed income has been challenged in the current environment.
Read MoreThe Australian sharemarket is down 0.3% at lunch as the final US Presidential Debate kicks off 11 days out from the American election.
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