Evening report: 1st tumble in 8 days
The Aussie market fell by 0.67% on Thursday, snapping a seven-day winning streak after hitting a 9.5 month high just yesterday.
Read MoreThe Aussie market fell by 0.67% on Thursday, snapping a seven-day winning streak after hitting a 9.5 month high just yesterday.
Read MoreThe Australian sharemarket is slipping by 0.4% after seven days of gains and the ASX 200 hitting a fresh 9.5 month high yesterday.
Read MoreShares of Apple (-2.2%), Microsoft (-2%) and Salesforce (-3.2%) weighed on major indexes. The Dow Jones index closed down by 105 points or 0.4%. The S&P 500 index fell by 0.8%. And the Nasdaq index lost 244 points or 1.9%.
Read MoreThe ASX 200 has added a further 41pts or 0.6% to extend its winning run to a seventh successive session. The benchmark index is yet to experience declines in December as gains were widespread, led by heavyweights Commonwealth Bank, CSL & BHP.
Read MoreThe Aussie market has followed Wall St higher with the ASX 200 extending its run of gains into a seventh session. Gains are being led by health stocks and Commonwealth Bank which is lifting on divestment news.
Read MoreSentiment boosted by news that US Senate Majority Leader Mitch McConnell plans further stimulus talks with the White House. S&P 500 up by 0.3% and the Nasdaq index lifted by 63 points or 0.5% – both closing at record highs.
Read MoreThe Aussie market has gone six trading days without a loss as the ASX 200 saw a modest rise of 0.2% or 13pts to 6,688.
Read MoreOpenLearning CEO Adam Brimo discusses the structural shift for educations providers post COVID.
Read MoreThe Aussie market is firmer for a sixth session in a row, overcoming early selling to lift at lunch. The tech sector is lifting most with Link (LNK) jumping on a proposed takeover bid.
Read MoreAs this bizarre and almost surreal year draws to a close, it’s time for us to both assess what has happened over the past 12 months and also turn our focus to the future.
Read MoreInvestors awaited details of a potential coronavirus relief package from US Congress. The tech-heavy Nasdaq index closed at record highs with Facebook (+2.1%), Apple (+1.2%) and Tesla (+7.1%) shares all up. Dow down 0.5%, S&P 500 down 0.2%.
Read MoreThe Aussie market briefly hit fresh 9.5 month highs before fading back today. The ASX 200 still managed to extend its winning run to a fifth successive session as resources outperformed. Mining names benefitted from iron ore prices hitting the best levels since March 2013.
Read MoreCatch up on the full webinar with presentations from Osprey Medical Inc (ASX: OSP), Paygroup Limited (ASX: PYG), Australian Gold and Copper Limited (ASX:AGC) and Race Oncology Limited (ASX:RAC).
Read MorePresenter – Mike McCormick – Osprey Medical Inc’s mission is to improve outcomes in Chronic Kidney Disease (CKD) patients by reducing contrast-induced Acute Kidney Injury (AKI) and lowering hospital costs.
Read MorePresenter – Sachin Goklaney – PayGroup is the holding company for PayAsia, Astute One, TalentOZ and Payroll HQ. PayGroup is 100% focused on the fast growing HCM (Human Capital Management). All of the group companies are solution providers leveraging either multi-country Software with a Service (SwaS) or Cloud (SaaS) based platforms.
Read MorePresenter – Glen Diemar – Australian Gold and Copper is an exploration company with a focus on the exploration and development of its multi-asset gold portfolio situated in the world class Lachlan Fold Belt in New South Wales.
Read MorePresenter – Dr Daniel Tillett – Race Oncology is an ASX listed precision oncology company with a Phase II/III cancer drug called Bisantrene. Bisantrene is a potent inhibitor of the Fat mass and obesity-associated (FTO) protein.
Read MoreLocal shares have followed US markets higher with a decent lift to start the week. The rise in ore prices continues to drive big miners higher & helping the broader market improve.
Read MoreJob growth was lower than expected in November but that result raised hopes that a new fiscal relief bill will be agreed. Energy, materials and industrials rose the most. The Dow Jones index closed higher by 249 points or 0.8%. The S&P 500 index rose by 0.9%. And the Nasdaq index rose by 87 points or 0.7%. Over the week the Dow rose 1.0%; S&P 500 rose 1.7%; and the Nasdaq rose by 2.2%.
Read MoreThe Australian market has extended its winning streak to five straight weeks thanks to gains from miners, energy stocks and banks as vaccine optimism continues to encourage.
Read MoreThe Australian sharemarket is extending its winning streak to four days thanks to improvements from banks, property stocks and energy companies.
Read MoreThere are media reports that Pfizer cut rollout targets for its vaccine. Shares in Boeing rose 6% after budget airliner Ryan Air ordered an additional 75 of its 737 MAX jets. Shares in Tesla rose 4.3% on a broker upgrade. After being up 227 points, the Dow Jones index closed higher by 86 points or 0.3%. The S&P 500 index fell 0.1%. And the Nasdaq index rose 28 points or 0.2%.
Read MoreThe Australian sharemarket rose by 0.38% thanks mainly to huge gains for Fortescue Metals, Rio Tinto and BHP. Greater demand from China has helped push iron prices to near 7-year highs.
Read MoreThe Australian sharemarket is edging higher at lunch thanks to strong gains from mining and energy stocks.
Read MoreSuppressed yields in fixed income and elevated equity valuations have put future returns under pressure. Investment teams have a few choices – take more risk or think differently about how portfolios are structured.
Read MoreUS Senate Majority Leader Mitch McConnell rejected a bipartisan proposal for a US$908 billion stimulus package. US President-elect Joe Biden said that he would not immediately remove Chinese tariffs. Salesforce (-8.5%) shares slid after analysts called its US$27.7 billion purchase of Slack Technologies (-2.6%) “expensive”.
Read MoreThe Aussie market has had a mixed reaction to today’s better than expected September Quarter GDP reading. As the economy exits its technical recession. The ASX 200 ended flat with gains for miners helping to lift the market from losses.
Read MoreThe Aussie market faded to its session lows around lunch after the ABS released data showing Australia’s economy grew 3.3% in the Sept Qtr & has exited its first recession in three decades.
Read MoreStock markets have reversed Monday’s profit-taking to begin anew. Dow up 185.
Read MoreUS sharemarkets rose overnight, recovering from the softer tone of a day earlier, as hopes for US fiscal stimulus increased after a bipartisan group of US lawmakers proposed a US$908 billion Covid-19 relief bill.
Read MoreThe Aussie market rose by 1% on Tuesday, snapping a 3-day losing streak thanks to gains across all sectors and close to 80% of stocks.
Read MoreThe Australian sharemarket is off to a strong start to a new month and season with almost all sectors lifting and the ASX 200 gaining 1.3%.
Read MoreInvestors took profits. S&P 500 energy sector shares dipped 5.4% as crude oil prices fell. Shares of Chevron (-4.5%) and Dow (-4.3%) led the Dow Jones index lower. But Moderna shares rallied 20.2% after it unveiled plans to apply for US and European emergency authorisation for its Covid-19 vaccine.
Read MoreThe Aussie market has closed out November with its heaviest loss of the month and stretching its losing streak to a third session. Despite the late losses, it was a strong month with the ASX 200 climbing nearly 10%.
Read MoreThe Aussie market is falling for a third successive session to finish the month of November. At lunch the ASX 200 is down ~0.5% but is still on track for is still on track for a double digit improvement for the month.
Read MoreCatch up on the full webinar with presentations from EMVision (ASX:EMV), Pointerra (ASX:3DP), Roolife Group (ASX:RLG) and Neurotech International (ASX: NTI).
Read MorePresenter – Scott Kirkland – Executive Director – EMVision is developing a portable brain scanner for rapid, point of care, Stroke Diagnosis, and Monitoring.The EMVT technology relies on the contrast of the dielectric properties between healthy and unhealthy tissue. If a pathology is present, the conductivity and permittivity of that tissue will change.
Read MorePresenter – Ian Olson – Managing Director – Pointerra is an Australian company focussed on the commercialisation of its unique 3D geospatial data technology. The company’s technology has solved an entrenched problem in the digital asset management sector and allows very large 3D datasets to be used without the need for high performance computing.
Read MorePresenter – Bryan Carr – CEO – The RooLife Group provides fully integrated digital marketing and eCommerce services, focusing on driving the online sales of products and services for our partner brands. RooLife is powered by the proprietary hyper-personalisation and profiling Artificial Intelligence System, RooLife provides personalised, real-time, targeted marketing.
Read MorePresenter – Brian Leedman – Chairman – Neurotech international limited, or Nurotech is a medical device and solutions company incorporated in Australia, operating through its wholly-owned subsidiary, AAT research Limited. The company’s primary mission is to improve the lives of people with neurological conditions, with a vision of becoming the global leader in home-use and clinical neurotechnology solutions which are accessible and affordable.
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