Finance News

Iron ore above US$105: Aus shares close 0.3% lower

23 May 2019 - After opening flat the ASX200 lost momentum this morning. Despite a rally in the second half of the session, the ASX200 closed 0.3 per cent lower. This follows 6 sessions of straight gains. Consumer Discretionary made significant gains today thanks to strong performances from Slater and Gordon (ASX:SGH), Crown Resorts (ASX:CWN), and Aristocrat Leisure (ASX: ALL).

US looks set to blacklist more Chinese companies: ASX poised to open lower

23 May 2019 - Following weak leads from US markets, the ASX looks set to open lower this morning. US stocks fell yesterday as trade tensions between China continued to rumble. The White House is said to be taking an intense look at blacklisting more Chinese technology companies. Agribusiness Webster (ASX:WBA) reported a NPAT of $2.12m compared to $3.77m for the prior corresponding period.