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Stocks to watch

Stocks to watch on the Australian stock exchange: SEK – SEEK LIMITED Online job ads portal SEEK Limited is due to hold its annual general meeting on Wednesday. CKF – COLLINS FOOD LIMITED KFC franchisee, Collins Food, is slated to release its half-year results. BHP – BHP BILLITON FMG – FORTESCUE METALS GROUP RIO –…

Gains lift market back above 6,000 points

Gains by the major banks, miners and energy companies have pushed the share market’s benchmark index past 6,000 points for second time this month. The benchmark S&P/ASX200 stock index gained 26.8 points, or 0.45 per cent, to 6,011.1 points, as the banking and mining heavyweights took advantage of positive offshore data and a swing in…

OECD predicts robust Australian growth

A new report has brought some good news for Treasurer Scott Morrison as he puts together the mid-year budget review. The Organisation for Economic Cooperation and Development expects the Australian economy will continue to grow at a robust pace, with the jobs market strengthening further. In its latest economic outlook, the OECD expects business investment…

AAP Markets Report

Stock Market Wrap 0700 INDEX LAST MOVE PREVIOUS Dow Jones 23753.37 172.59 23580.78 S&P500 2616.83 15.41 2601.42 Nasdaq 6900.63 22.109 6878.521 FTSE100 7460.65 76.75 7383.9 DAX 13059.53 59.33 13000.2 Shanghai 3333.657 11.4272 3322.2298 Hang Seng 29680.85 -5.34 29686.19 NIKKEI225 22486.24 -9.75 22495.99 NZSE 50 8141.49 N/A 8141.49 CURRENCY SNAPSHOT AT 0700 AEDT: One Australian dollar…

US stocks end at records as Senate panel advances tax cut

Wall Street stocks surged to fresh records Tuesday after a key Senate committee advanced the Republican tax cut plan, moving the long-awaited measure closer to the finish line.All three major US indices set new records, with the Dow Jones Industrial Average finishing up 1.1 percent to close the session at 23,836.71.The broad-based S&P 500 gained…

US launches trade investigation into Chinese aluminum imports

The United States on Tuesday stepped up its trade confrontation with China, ordering an investigation into imports of aluminum sheet worth hundreds of millions of dollars a year.For the first time since 1991, the Commerce Department said launched the investigation on its own initiative, rather than responding to a request from a US company.The department…

US regulator says Silicon Valley is threat to internet

A top US regulator, defending an effort to roll back so-called ‘net neutrality’ rules, said Tuesday that large internet platforms represent the biggest threat to online freedom because they routinely block ‘content they don’t like.’Federal Communications Commission chairman Ajit Pai delivered remarks days after unveiling a proposal to reverse a hotly contested 2015 rule requiring…

Britain, EU agree on Brexit divorce bill

British and European negotiators have reached a deal for Britain to pay tens of billions of euros to leave the European Union, according to media reports Tuesday.London and Brussels have agreed on Britain’s financial obligations but had not settled on an exact amount for the so-called divorce bill, both the Daily Telegraph and the Financial…

UK car sector wants Brexit transition without time limit

A UK lobby group representing the country’s key car sector is demanding a Brexit transitional deal with no time limits, its president said in a speech on Tuesday.Tony Walker, president of the Society of Motor Manufacturers and Traders (SMMT), said uncertainty over Britain’s exit from the European Union was already taking its ‘toll’, as he…

IG Research – The long and the short of it

When in doubt buy risk assets has been the message we have been provided with once again.One can extend this too Bitcoin too, as the wall of money continues to pour into the space and although price has pulled back a touch from the overnight high of 9975, it feels as though there is a…