AM Report: Stocks Plunge As US Braces For Spread Of Coronavirus
The US Centre for Disease Control warned Americans to prepare for the spread of the Coronavirus in the US.
Read MoreThe US Centre for Disease Control warned Americans to prepare for the spread of the Coronavirus in the US.
Read MoreLocal shares remained under pressure on Tuesday as investors grapple with the economic impact of the coronavirus. One consolation was that the ASX 200 ended off session lows after US stock futures traded higher in after-hours trade.
Read MoreCalidus Resources (ASX:CAI) is an ASX listed gold exploration and development company which controls the 1.25 million ounce Warrawoona Gold Project located in the East Pilbara district of the Pilbara Goldfield in Western Australia.
Read MoreBarra Resources (ASX: BAR) is a West Australian focused explorer and mine developer targeting dual high-demand commodities; cobalt-nickel and gold.
Read MoreMusgrave Minerals (ASX: MGV), which listed on the ASX in 2011 is a focused mineral exploration company applying modern-day exploration techniques and conceptual models to prospective gold and base metals regions of Australia.
Read MoreThe Australian sharemarket has added to yesterday’s declines as fears linked to the economic impact of the coronavirus escalate.
Read MoreGlobal sharemarkets have fallen by up to 5.5% on fears about the spread of the coronavirus COVID-19 and its impact on global economic activity. US sharemarkets slumped on Monday in line with other global bourses with all 11 major S&P sectors lower.
Read MoreThe ASX 200 followed Asian Indices lower as investors focused on growth headwinds as a result of the Coronavirus.
Read MoreLocal shares are suffering the worst selloff so far in 2020 with the ASX 200 plunging 153 points or 2.1% to 6986 at lunch on Monday. The index is following a soft lead from Wall Street where the spread of the coronavirus outbreak outside of China is becoming a concern for investors. The outbreak has been a major cause of volatility for markets, just last Thursday the ASX 200 hit fresh all-time highs.
Read MoreUS sharemarkets fell on Friday – the fifth consecutive week that share indexes had settled lower on a Friday. Coronavirus concerns and softer US economic data weighed on indexes.
Read MoreWhile the Australian sharemarket eased by 0.3% on Friday, the ASX 200 hit an all-time high just yesterday. Most sectors lost some ground today.
Read MoreThe ASX 200 down by 15pts or 0.2% to 7,149.1. Despite the losses, the local market is still up by around 7% this calendar year in spite of the coronavirus concerns.
Read MoreAussie dollar slumps as investors favour safe havens.
Read MoreInvestors were in a buoyant mood with the ASX 200 hitting fresh record highs. The index also managed a second successive record close. QAN shares took off despite the airline expecting to take hit of up to $150m due to the coronavirus.
Read MoreLocal shares rose this morning after Wall St hit record highs overnight on China stimulus hopes. Investors were also encouraged by the latest employment figures which revealed strong full time jobs growth.
Read MoreUS sharemarkets rose on Wednesday with the S&P 500 and the Nasdaq indexes hitting all-time highs on China stimulus hopes.
Read MoreThe Australian sharemarket rose by 0.4% on Wednesday, posting a record close in the process. Wesfarmers, Fortescue, Domino’s, Fletcher and Webjet all rose on their latest profit results.
Read MoreThe Aussie market has had a fairly muted start with losses for the Commonwealth Bank (CBA), which is trading ex-dividend, offsetting positive reactions for companies releasing profit results.
Read MoreGerald Stack, Portfolio Manager of the Magellan Infrastructure Fund, Currency Hedged (ASX code: MICH), discusses the yield opportunities presently on offer in the Infrastructure sector.
Read MoreHere’s what you need to know for the day ahead.
Read MoreThe Aussie market fell for a second successive session despite gains for major banks and miners. BHP lifted on an increased first half profit and interim dividend. It wasn’t such a good day for other reporting results with losses for Coles (COL), Altium (ALU) and Cochlear (COH).
Read MoreBlackstone Minerals (ASX: BSX) is a leading battery and precious metals exploration and development company focused on the flagship Ta Khoa Nickel PGE (Cu Co) Sulfide Project, located 160km west of Hanoi in the Son La Province of Vietnam.
Read MoreLocal shares started the session in much the same way they ended a day earlier with sellers gaining the upper. In sector terms Technology names have led the declines, reflecting a 15% fall in Altium (ALU) shares.
Read MoreThe US sharemarket remained closed last night due to the Presidents’ Day holiday. While European stocks edged higher, the Aussie market is set for a flat start on Tuesday.
Read MoreThe ASX 200 managed to lift off the session lows to close 5 points or 0.07% lower at 7125 with financials the main drag. Communications & consumer discretionary stocks were the other weights on the top 200 index.
Read MoreThe Australian sharemarket is down by 0.31% on Monday, with losses from the big banks ending the ASX 200’s four-day winning streak.
Read MoreThe US sharemarket was quiet on Friday as investors squared positions ahead of a long weekend. While the Dow Jones eased by 0.1%, the broader S&P500 edged higher to near record highs despite coronavirus concerns.
Read MoreThe Australian sharemarket edged higher on Friday, lifting for a fourth session and finishing just shy of a fresh record high despite coronavirus worries.
Read MoreLocal shares held their ground in early trade on Friday, dismissing the lower finish on Wall St to be posting modest gains in early trade.
Read MoreUS sharemarkets were mixed as investors came to grips with a new methodology for measuring coronavirus cases.
Read MoreThe ASX 200 finished 15pts or 0.21% firmer to 7103.2, lifting for a third day, in what was a choppy day for the Australian sharemarket. Equities were driven most by mixed signals on the spread of the Coronavirus.
Read MoreUS markets have rallied with fresh all-time highs for the Dow Jones and S&P 500. The Dow is gaining over 200pts with an hour to trade. Investors are hopeful that the spread of the coronavirus in China has slowed to the lowest levels in two weeks.
Read MoreThe Aussie market improved for a second successive session with much of today’s gains due to the jump in CBA shares. The bank contributed nearly 20 of the 33 points made on the ASX 200 index, while Blackmores slumped nearly 13% on a negative update
Read MoreThe Australian sharemarket is lifting for a second day, advancing by around 0.4% at lunch. A stronger profit result from CBA is contributing most to the market’s gains.
Read MoreUS sharemarkets retreated from record highs on Tuesday. There was positive news on the slowing of coronavirus cases.
Read MoreThe ASX 200 ended Tuesday’s session with a gain of 43 points or 0.6%. Every ASX sector ended higher – although solid gains for the big banks were the foundation. Hearing implant maker Cochlear (COH) ended lower following a profit warning.
Read MoreLocal shares have followed global markets higher with banks providing the foundation for the day’s gains. Earnings results from Northern star (NST), Challenger (CGF) & Transurban (TCL) also helped to lift the markets.
Read MoreWall Street remains buoyant despite concerns over the ongoing coronavirus outbreak. All major US indices are higher with the tech heavy Nasdaq outperforming and hitting record highs with roughly an hour to trade.
Read MoreThe Australian sharemarket eased by 0.14% on Monday ahead of dozens of companies posting profit results this week. Boral fell most after warning of lower profits while JB Hi-Fi surged on record results.
Read MoreThe Aussie market is extending recent losses with the ASX 200 weighed most by losses from energy, mining and tech names. Gold stocks and JB Hi-Fi (JBH) are among the most improved with JBH impressing after releasing its first half results.
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