News

The Australian share market and ASX 200 (ASX: XJO) index is expected to open higher on Wednesday morning. Here are the three things you need to know…

You may remember us writing about the ‘diversified’ development, construction and property management business Lend Lease Group.

The Australian share market and ASX 200 is tipped to open marginally higher today with SPI futures nudging higher following overnight gains on Wall St.

In a sea of potential contrarian trades, oil is one that stands out. The North American West Texas Intermediate (WTI) benchmark has lost more than 75 per cent since the start of 2020, seeing it fall to its lowest price since 2002. The European Brent grade has dropped by almost 65 per cent. They are…

The Australian stock market is tipped to open higher on Monday, with SPI futures pointing to a positive open.

Australia’s ASX 200 pared early gains to finish Thursday down just 0.1% for the day as a swath of updates and further capital raisings filtered through the market.

Markets remain as volatile as can be expected given the uncertain conditions, with most markets posting gains after two days of losses.

The precipitous drop in oil prices continued with futures for June delivery falling to just $12 per barrel. The moves place mounting pressure on many global economies from Russia, to Saudi Arabia and even Australia, the worst.

Oil is worthless, Virgin set for administration and Netflix Inc reports strongly.

It’s enough to make one feel old – old enough to remember when Foster’s Group spun off its wine business, in the form of Treasury Wine Estates, in May 2011, only four months before Foster’s itself disappeared from the Australian share market, taken over by Anglo-South African brewer SABMiller, which became AB InBev in 2016….

After finishing up 1.9% for the week, taking the recovery to 20% off the market bottom in March, the S&P/ASX 200 (ASX: XJO) looks to open strongly again today.

In general we are sceptical about capital raisings in Australia, with the ‘private placement’ structure heavily tilted towards investment banks, broking houses (and their clients) and pension funds able to take on outsized allocations.