Evening Report: Stocks Slide For Second Day
The Australian sharemarket has declined for a second day, with the ASX 200 easing by 0.23% while still remaining on track for its fourth straight monthly advance.
Read MoreThe Australian sharemarket has declined for a second day, with the ASX 200 easing by 0.23% while still remaining on track for its fourth straight monthly advance.
Read MoreThe Australian sharemarket is largely unchanged at lunch in what has been a messy start to the day. Gains from the big banks are offsetting losses from mining and energy stocks.
Read MoreInvestors watched progress by Congress to come up with a coronavirus aid package. Investors also awaited the Federal Reserve decision to be announced on Wednesday. Economic data was mixed.
Read MoreIt was a day that started with much promise, but the ASX 200 was unable to maintain its early positive momentum. The index saw a steady decline in the afternoon as only materials made any meaningful improvements. Gold stocks sagged after a bright start to the week.
Read MoreLocal shares were boosted by a solid lead from Wall Street where major US tech names helped to lift major indices. The daily COVID-19 infection rate in Victoria fell from yesterday’s record high but still remained elevated at 384 in the past 24 hours
Read MoreThere is speculation that the resurgence in virus cases will make the US Federal Reserve reinforce its accommodative policy stance this week.
Read MoreThe ASX 200 has eked out a small gain to start the week, the top 200 index rose 20pts or 0.34% to 6044 as gold miners were buoyed by a record high for the price of the precious metal.
Read MoreThe Aussie market is trying to rebound from losses on Friday to kick-off the new week. The ASX 200 is slightly higher even with a new daily record for Covid-19 cases out of Victoria.
Read MoreThe Dow Jones index slid by 182 points or 0.7%. The S&P500 index eased by 0.6%. And the Nasdaq index lost 98 points or 0.9%. Over the week the Dow Jones fell 0.7%, the S&P 500 dipped 0.2% and the Nasdaq lost 1.3%.
Read MoreThe Australian sharemarket tumbled by 1.16% on Friday, wiping out all this week’s losses in one fell swoop. IAG fell by 7.8% after flagging no final dividend for the first time in 20 years.
Read MoreWe continue to unearth small-cap companies as part of our Hidden Gems webinar series. Catch up on the most recent edition with presentations from Little Green Pharma, DEVEX Resources, Novonix, and Xtek.
Read MorePresenter – Brendan Bradley – Managing Director – DevEx Resources is an exploration company with a diversified portfolio of high-quality projects spanning some of Australia’s most proven mining regions. DevEx’s key focus is the exploration for major porphyry copper-gold discoveries in the premier Lachlan Fold Belt region of New South Wales.
Read MorePresenter – Philippe Odouard – Managing Director – XTEK Limited provides high-quality products to deliver tailored solutions to the government, law enforcement, military, space and commercial sectors.
Read MorePresenter – Dr. Chris Burns – CEO – Novonix is an integrated developer and supplier of high-performance materials, equipment, and services for the global lithium-ion battery industry with operations in the USA and Canada and sales in more than 14 countries.
Read MorePresenter – Fleta Solomon – Managing Director – Little Green Pharma was the first Australian company to achieve production of a locally-grown medicinal cannabis product for patient use. Established in 2016 as a privately-owned company in Perth, Western Australia, we have been supplying Australian patients with naturally-grown medicinal cannabis products since August 2018.
Read MoreThe ASX 200 is down by 1% at lunchtime following losses on Wall St and sellers gaining strength from a range of company updates that have reminded investors of the continuing impact of the Covid 19 crisis.
Read MoreInvestors reacted to a surprise lift in new claims for unemployment insurance. After releasing profit numbers, shares in Tesla fell 5.0% and Microsoft fell 4.4%.
Read MoreThe Australian sharemarket rose by just 0.3%, as the Treasurer’s budget update provided few surprises. Gains from Santos (STO), Newcrest Mining (NCM), Coca-Cola Amatil (CCL) and Tabcorp (TAH) helped.
Read MoreBanks and miners are trading lower on Thursday hampering the efforts of the overall market. On Thursday after the Fiscal & Economic update saw Australian Treasury forecast a 2020-21 budget deficit of $184.5bn.
Read MoreInvestors continue to fret about the rising number of COVID-19 cases. And not helping sentiment was an increase in tensions between China and the US.
Read MoreWhile the Aussie market surged 2.6% on Tuesday thanks to promising signs for a coronavirus vaccine and extension to government support, stocks fell heavily today as cases rose in Victoria.
Read MoreLocal shares fell heavily at lunch, with the ASX 200 down 1.1 per cent to 6,088.7, receiving an extra push lower following a record 484 new COVID-19 cases in Victoria over the past day.
Read MoreInvestor sentiment was buoyed by progress shown on three potential COVID-19 vaccines. And the European stimulus deal also boosted investor sentiment. Investors were also hopeful about a new US stimulus package.
Read MoreThe Aussie market had its best gain in five weeks, rising by 2.6% and hitting a six-week high in the process. This followed an extension to JobKeeper and JobSeeker payments, a massive European stimulus package and encouraging results for a COVID-19 vaccine in the UK.
Read MoreHovering around intraday highs, the ASX 200 has lifted by 1.1 percent to 6,068.9. While most sectors are improving, gains from tech stocks, financials, healthcare, and materials are standing out.
Read MoreMonday saw the S&P500 index turning positive for the year and the Dow Jones index erasing a 167 point drop earlier in the trading session. Pfizer (+0.7%) and BioNTech (+3.5%) reported early positive data on a joint COVID-19 vaccine candidate.
Read MoreThe Australian market had an underwhelming start to the week, with the ASX 200 slipping by 0.5%. A lift in COVID-19 cases in NSW and VIC continues to keep some on edge. Stocks in airports, casinos, gaming groups and some retailers lost ground.
Read MoreMark Freeman Chief Executive Officer & Managing Director at Australian Foundation Investment Co (ASX: AFI) provides an update on the LIC’s investment process and investing philosophy.
Read MoreThe Aussie share market is off to a slightly softer start on Monday following heavy losses from the banks. The ASX 200 is down 30pts or 0.5% to 6003. Big banks are down by ~1.2%, while gold miners & BHP keeping the losses to a minimum for the index.
Read MoreWe continue to unearth small-cap companies as part of our Hidden Gems webinar series. Catch up on the most recent edition with presentations from Selfwealth, Openlearning, Nanoveu, and Resapp Health.
Read MorePresenter – Robert Edgley – Managing Director – SelfWealth is an Australian owned and operated company that offers a brand new solution to an age-old investment problem – how to empower investors to make informed decisions without paying exorbitant brokerage fees.
Read MorePresenter – Alfred Chong – Founder & CEO – Nanoveu is an Australian Stock Exchange-listed, Singaporean-based, technology company that is changing the way people engage with their smartphones and tablets through highly immersive and ultra-functional mobile screen protector and case technology.
Read MorePresenter – Adam Brimo – Founder & Group CEO – OpenLearning is a software as a service company that provides a scalable online learning platform to education providers and a global marketplace of world-class courses for learners of all levels.
Read MorePresenter – Tony Keating (CEO) – ResApp Health is developing healthcare solutions to assist doctors and empower patients to diagnose and manage respiratory disease on smartphones without the need for additional hardware.
Read MoreInvestors balanced the scope for more fiscal stimulus against the potential for more lockdowns. Shares in Goldman Sachs lost 1.5%, weighing on the Dow Jones index.
Read MoreDespite losing ground early in the day on record COVID-19 numbers in Victoria, the Australian sharemarket rose slightly this afternoon, adding to gains this week.
Read MoreThe Australian sharemarket has pulled back following a record number of new cases in Victoria and upgraded restrictions in NSW.
Read MoreInvestors focused on signs of an economic recovery, despite growing civil unrest across the US. Shares dipped in early trading following reports that Chinese officials had told agricultural companies to pause some purchases of US farm goods, threatening the US-China trade deal.
Read MoreIt was a volatile day for the Australian sharemarket, with the ASX 200 up this morning, down as much as 1% at one stage only to finish 0.7% lower by the close. Mining, healthcare and bank stocks were among the worst performers.
Read MoreThe Australian sharemarket continues its messy performance this week, with the ASX 200 down by ~0.2% at lunch. Data on jobs for June was mixed, with more jobs added but a bigger lift in the unemployment rate.
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