At time of writing, the ASX 200 is 0.56% lower, sitting on 6260.6 points. Much of today’s market movement can be traced back to US President Donald Trump, or more precisely, China.
Once more, the RBA interest rate remains unchanged, but the pressure for a cut is building. It was neck and neck between the two options before the RBA, with Australian cash rate futures putting the chance of rate cut at 47%.
Iron ore prices continue to rise, with 58% fines leading the way as the Chinese economy continues to maintain its strength, despite the threat of more tariffs.
The latest news out of the company is its half-year results release, as well as the details of its upcoming dividend. The Westpac share price had recovered to mid-November levels over the past two weeks, but has been on a losing streak in the last three sessions.
ANZ released its half year results this morning, which reveal that the company has taken a hit in its profit — an outcome that can be attributed to a slowing housing market.
Today the company announced the much anticipated sale of its Australian Community Media and Printing business (ACM) to a company lead by Anthony Catalano and Thorney Investment Group.
The company has just released its quarterly activities report, which highlighted strong revenue growth and massive sales growth in China over the last year.
The latest news out of the company is its quarterly results, which included updates on its processing plant and progress towards Stage 3 expansion.
The latest news out of DuluxGroup is that the Board has unanimously recommended a Scheme of Arrangement for the acquisition of the company by Nippon Paint Holdings Co Ltd.
The latest news out of the company is its quarterly activities report which reveals the extent of the disruption caused by Cyclone Veronica. We will look at the outlook for its share price.