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Aust shares close 0.11 per cent higher

Investors have helped Australia’s share market to its first gain in five sessions after shrugging off a poor lead from US worries about the coronavirus and presidential election. The S&P/ASX200 benchmark index finished up 6.7 points, or 0.11 per cent, to 6057.7 on Wednesday. The All Ordinaries closed higher by 15.3 points, or 0.24 per…

Coke drinks moving to recycled plastic

Coca-Cola’s Australian arm will use 100 per cent recycled plastic for the packaging of frozen drinks from next year and do away with polystyrene. Millions of frozen Coke and Fanta drinks are served at convenience stores each year using plastic that can’t be re-used and can be hazardous to the environment. However, Coca-Cola Amatil will…

CommSec Daily Report Wednesday

Latest News Local shares is trying to halt its trend lower in recent days, with the Aussie market recovering from earlier declines at lunch on Wednesday. The ASX 200 is now well off session lows as the index moves higher by 6 points or 0.1% to 6,057, having fallen 30 points or 0.5% at its…

ASX flat, tech surges on Afterpay results

Australia’s share market improved to be trading almost even after a downbeat first hour from continued US worries about the coronavirus. The S&P/ASX200 benchmark index was lower by 2.9 points, or 0.04 per cent, to 6048.1 at 1200 AEDT on Tuesday. The All Ordinaries was higher by 5.3 points, or 0.08 per cent, to 6252.5….

CPI up 1.6 per cent in September quarter

CHANGES TO CONSUMER PRICE INDEX IN SEPTEMBER QUARTER (Note: Quarterly change, followed by annual change) CPI – up 1.6 per cent in quarter, up 0.7 per cent annually Food and non-alcoholic beverages – down 0.4 per cent, up 3.4 per cent Alcohol and tobacco – up 1.6 per cent, up 8.1 per cent Clothing and…

Gloomy coronavirus headlines continue

The various rolling coronavirus newsfeeds are a very depressing place these days and an unavoidable poignant source for market angst. England’s Covid-19 deaths jump five-fold in 4 weeks; Arizona new cases back above 1,000; Florida’s average daily Covid-19 cases hits highest in two months; Switzerland risks running out of intensive care beds in 11 days….

Inflation bounce-back after historic decline

Inflation bounce-back after historic decline Consumer price index Inflation: The Consumer Price Index (CPI) – the main measure of inflation in Australia – rose by 1.6 per cent in the September quarter (consensus: +1.4 per cent). The result follows the 1.9 per cent decline in the CPI in the June quarter – the biggest quarterly…

JobSeeker decision due in early December

A decision on the long term rate of JobSeeker is expected to be made by early December. Social Services officials will be grilled about the unemployment benefit at a Senate estimates hearing on Wednesday. Prime Minister Scott Morrison has given his strongest indication yet the coronavirus supplement could be extended into next year. “I have…

Morrison mourns fallen emergency workers

Scott Morrison has joined mourners in an online memorial to honour fire and emergency workers killed in the line of duty. The service recognised 14 men killed in the past year, many of whom died fighting the Black Summer bushfires. The prime minister recognised their courage, sacrifice and willingness to protect communities. He described last…

Microsoft beats Wall Street expectations

Microsoft has reported quarterly earnings beating Wall Street expectations, as it continues to weather the coronavirus pandemic amid increased demand for its flagship software and services. The company reported fiscal first-quarter profit on Tuesday of $US13.9 billion ($A19.5 billion), or $1.82 per share, beating Wall Street expectations of $1.54 a share. Microsoft posted revenue of…