Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 21,830.31 +33.76 (+0.15%) S&P 500: 2,472.10 -3.32 (-0.13%) AUD/USD: 0.7987 +0.0001 (+0.01%) ASX200 SPI futures (Sept contracts): 5,658 (+24) Iron ore benchmark 62% fines: $US68.73 (-2.1%) 1. USD can’t find a buyer: The market’s focus on Friday night turned to the preliminary print for […]
6 things Australian traders will be talking about this morning
Markets

Vocus shares jump 20% on a takeover bid

Vocus shares jumped after a $2.2 billion takeover bid by private equity group KKR. A short time ago, they were up 20% to $3.43. The offer is $3.50 cash per share. The telco’s board of directors has formed a committee to assess the offer, appointed Credit Suisse and Goldman Sachs […]
Vocus shares jump 20% on a takeover bid
Markets

Australian auction clearance rates look to have settled at around 70%

Australian capital city auction clearance rates continue to hover around the 70% level last week, maintaining the modest range seen since the beginning of February. According to CoreLogic RP Data, of the 1,248 auction results received so far, 879 properties were sold, equating to a preliminary auction clearance rate of […]
Australian auction clearance rates look to have settled at around 70%