Author: Finance News Network

Second day of falls but holding 11.5 yr highs: Aus shares close 0.3% lower

26 Jun 2019 - Australian share market ends in red for 2nd day. Engineering construction activity work fell 4.4% in Mar Qtr, 12.9% over year. State Street snaps up 5% of Sandfire Resources (ASX:SFR) & 5% of CSR (ASX:CSR). CSR re-appoints Matthew Quinn fmr MD of Stockland (ASX:SGP) as a director. Afterpay (ASX:APT) co-founders won't sell holdings in FY20 & delay $30m SPP.

Sandfire Resources on the rise: ASX 0.1 lower at noon

26 Jun 2019 - The ASX dropped like a stone at the open on the back of the Dow Jones notching its worst day of the month. The local bourse started to pare back from heavy selling and is tracking 0.1 lower at noon. Sandfire Resources (ASX:SFR) saw their shares rise after they announced yesterday their intention to acquire MOD Resources. BrainChip Holdings (ASX:BRN) today announced the signing of a definitive agreement with Socionext America Inc.

Fed talk sends US stocks lower: ASX poised to open lower

26 Jun 2019 - Following negative leads from US markets, the ASX looks set to open lower this morning. US stocks fell the most in more than three weeks as Fed Reserve Chairman Jerome Powell warned of risks to the economy have increased reiterating the case for lower interest rates. NetLinkz (ASX:NET) has completed successful Lab testing of Cyber Security software with US Federal Government IT solutions provider Blue Tech.