Monthly Archives: July 2019

Aussie share follow global markets lower on Trump threating China: Aus shares close 0.5% lower

31 Jul 2019 - Aussie shares 0.5% lower today, wiping out yesterday's gains, but holding onto fresh highs. Inflation up more than expected. Most sectors lower, Utilities drag after AGL (ASX:AGL) was downgraded. CYBG (ASX:CYB) marked as an outperform. ISignthis (ASX:ISX) shares 422% up year-to-date. Adelaide Brighton (ASX:ABC) shares weigh on ASX200 after it flags $100m write-down.

Inflation up more than expected, global markets down on Trump tweet: Aus shares 0.3% lower at noon

31 Jul 2019 - Australian share market erases yesterday’s 0.3% gain following EU and US markets lower on Trump's tweet. Aussie dollar continues to fall - trades around 68.74 US cents. Inflation up 0.6% in June Qtr, vs 0.5% lift expected. YOY CPI up 1.6%, vs 1.5% expected. Adelaide Brighton (ASX:ABC) drops earnings guidance to $120-130m & flags $100m write-down. Splitit (ASX:SPT) increases merchants 100% to 509. MGM Wireless (ASX:MWR) inks first UK SPACETALK sales deal.

Trump lashes out as trade talks resume: ASX poised to open lower

31 Jul 2019 - Following weak leads from US markets, the ASX looks set to open lower this morning. The trade dispute between the US and China has reared its head again. The two nations resumed negotiations in Shanghai. Lifestyle Communities (ASX:LIC) has revised the year end valuation process for its portfolio of 18 communities and due to new home settlements achieved and a reduction in the capitalisation rate.