Victoria on Covid-19 alert: ASX set to open lower

Market Reports

by Melissa Darmawan

The Australian share market looks set to open lower following mixed leads from Wall St. The S&P 500 ended higher for a third day in a row. Shares in Alphabet soared nearly 8 per cent following its strong reported growth of 23 per cent as their advertising business remained strong. While back home, Victorians are waking up to new restrictions following a hotel quarantine worker testing positive to covid-19.

Local economic news

Today, the Australian Bureau of Statistics is set to release international trade data for December with a 36th successive monthly trade surplus to be expected.


To the figures from around the globe: Wall Street closed mixed yesterday: The Dow Jones Industrial Average gained 0.1 per cent to 30,724, the S&P 500 added 0.1 per cent to 3830 and the NASDAQ closed 0.02 per cent lower at 13,611.

European markets closed mixed, London’s FTSE lost 0.1 per cent, Paris closed flat and Frankfurt closed 0.7 per cent higher.

Asian markets closed mixed, Tokyo’s Nikkei added 1.0 per cent, Hong Kong’s Hang Seng gained 0.2 per cent and China’s Shanghai Composite closed 0.5 per cent lower.

The SPI futures are pointing to a 0.3 per cent fall.

The Australian share market closed 0.9 per cent higher at 6825.

Company news 

Tilt Renewables (ASX:TLT) have received a number of non-binding indicative proposals to acquire the company following a strategic review by their major shareholder, Infratil. The Board have reviewed the proposals and have granted a number of parties access to due diligence material to assist in preparing binding proposals. The Board notes that participation in the strategic review process is not a prerequisite to considering any proposals. Shares in Tilt Renewables (ASX:TLT) closed 1.18 per cent higher at $6.00 yesterday.


CD Equity Fund I Pvt (ASX:CD1) is paying 14 cents unfranked
CD Equity Fund II Pvt (ASX:CD2) is paying 8 cents unfranked
CD Pvt Equity Fund III (ASX:CD3) is paying 24 cents unfranked
NEW Energy Solar (ASX:NEW) is paying 3 cents unfranked


One Australian Dollar at 8:20 AM was buying 76.24 US cents, 55.91 Pence Sterling, 80.08 Yen and 63.34 Euro cents.

Iron Ore has gained 1.9 per cent to US$152.65.
Iron Ore futures suggest 1.2 per cent gain.
Gold has gained $1.50 to US$1835 an ounce.
Silver was up $0.55 to US$26.95 an ounce.
Oil was up $1.06 to US$55.82 a barrel.

Subscribe to our Daily Newsletter?

Would you like to receive our daily news to your inbox?