ASX:FMG

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ASX:FMG

FMG shares looking bullish again

14 Oct 2019 - Fairmont Equities managing director Michael Gable takes a technical look Fortescue Metals Group, Cimic Group, Shaver Shop Group and Australian Vintage.

My Macro views, top overweight, underweight and top broker buys & sells

09 Oct 2019 - Fund Manager Chris Pedersen discusses macroeconomics, top overweight, underweight and top broker buys & sells.

Postive yet minor lift to kick off week: Aus shares close 0.1% higher

09 Sep 2019 - Local shares start week with a minor gain while Jumbo Interactive (ASX:JIN), Qube (ASX:QUB) and Aventus (ASX:AVN) set new all-time highs. Aussie lending to households…

Aussie shares almost wipe out last week's gains: Aus shares lose 1.3%

26 Aug 2019 - China enforces $75 billion of 5-10% tariffs, plus adds 25% on US cars. Trump tweets back, rising China $250 billion tariff to 30% & rising $300 billion tariff to 15%,…

Fortescue Metals posts record underlying net profit

26 Aug 2019 - Fortescue Metals (ASX:FMG) posted record underlying net profit of $US3.2 billion, 195 per cent higher than the previous year.

Market boost as Trump delays some China tariffs: ASX poised to open higher

14 Aug 2019 - Following positive leads from US markets, the Australian share market looks set to open higher this morning. US President Donald Trump decided to delay imposing tarif…

ASX snaps four-day winning streak but gold shines bright: Aus shares close 0.3% lower

13 Aug 2019 - Argentina sell-off, Wall Street slip, 2016-year US bonds and HK protests cap gains. NAB Business Survey for July cites below average conditions and no signs of improv…

Two tweets, new China tariffs & hawkish Fed see markets slip from highs: Aus shares lose 0.1% on week

02 Aug 2019 - Record-breaking week for ASX200. AVJennings (ASX:AVJ) loses a month of gains of announcing profit hit by weaker property market, PBT $23m FY19 expt'. Rio Tinto (ASX:R…

Graincorp warns of hit to earnings: ASX tracking 0.4% lower at noon

02 Aug 2019 - The Aussie share market is now tracking 0.4% lower at noon. It comes as the oil price saw its biggest loss in four years, falling almost eight per cent after Trump a…

RBA's Lowe defends current target inflation: ASX closed 0.6% higher

25 Jul 2019 - The ASX closed 0.6% higher, just short of a record high. The All Ords extended its all time high. Iluka Resources (ASX:ILU) continues to fall as does Fortescue Metals…

ASIC to launch proceedings against ANZ: ASX tracking 0.3% higher at noon

25 Jul 2019 - The ASX opened higher is now tracking 0.3% higher at noon. The All Ordinaries hit its highest ever level. Shares in IOOF Holdings (ASX:IFL) have risen after they repo…

Global Growth, FMG, SKF, ALU

24 Jul 2019 - Fund Manager Chris Pedersen discusses Global Growth, Fortescue Metals (ASX:FMG), Sandfire Resources(ASX:SKF) and Altium (ASX:ALU).

ASX at eight-day high, most S&P500 companies top earnings est’: Aus shares 0.3% higher at noon

23 Jul 2019 - Aus shares hit eight-day high, most S&P500 reporting companies top analysts expectations. Flight Centre Travel (ASX:FLT) 'the top pick' by Citi, $7m upside in sellin…

RBA signals another cut: Aus shares lacks direction, steady at noon

16 Jul 2019 - Aus shares break out of two-day down trend but now track steady at noon, 4pts lower. Material sector 17% higher on-year with iron ore price 2-week & 5-yr high. YTD Fo…

Buy signal alert for Sydney Airport shares

15 Jul 2019 - Fairmont Equities Managing Director Michael Gable takes a technical look at Sydney Airport, Fortescue Metals Group, Karoon Energy and Mount Gibson Iron.

Aus shares flat ahead of Trump Xi meeting

27 Jun 2019 - US equities extend red run ahead of Trump meeting his Chinese counterpart at the G20. The local bourse carved out its third straight session of losses earlier but is …

Fortescue Metals Group on the up: ASX tracking 0.1% higher at noon

14 Jun 2019 - The ASX opened higher yet took a dip as the morning progressed and is now tracking 0.1% higher at noon. Fortescue Metals Group (ASX:FMG) shares shot up almost 5%. Sub…

Tasman Resources and FMG Resources sign a JV over Vulcan in SA

14 Jun 2019 - Tasman Resources (ASX:TAS) and FMG Resources, a subsidiary of Fortescue Metals Group (ASX:FMG) have executed a conditional, formal Farm-in and Joint Venture Agreement…

Vocus swooped on, miners shine on iron ore over $105: ASX steady at noon

27 May 2019 - The Australian share market opened higher, with miners seeing a healthy rally after the iron ore price rose 1.5% to $105.32. Air New Zealand (ASX:AIZ) drops its 2019 …

ASX closed at 6,511 points, fresh record high after Aus shares gain 0.2%, rising for 6th day

22 May 2019 - The Australian share market extended on its winning streak, rising for the 6th straight session, shaking off early selling and closing at 6,511 pts a level we last to…

Construction work done falls 1.9% in March Qtr: ASX tracking 0.1% lower at noon

22 May 2019 - The ASX has snapped its winning streak and has shed 0.1% at noon, after the local bourse made gains for the five past sessions. Nevertheless, we are still trading at …

Fortescue approves development of Queens Valley in WA

22 May 2019 - Fortescue (ASX:FMG) has announced the development of the Queens Valley mining area at its Solomon Hub in the Pilbara region of Western Australia.

Dollar slumps after RBA hints at future rate cut: ASX set to open higher

22 May 2019 - The ASX is set to edge higher at the open, as shares in Europe and the US rebounded. Apple rose 2% helping tech stocks rebound in the US. The AUD slumped yesterday af…

Splitit set to raise $30 million: Aus shares up 1.1% over week

17 May 2019 - The Australian share market finished 0.6 per cent higher today after hitting a new 11 year high early in the session. Despite this, the Australian dollar continued to…

Wage Price Index rises 0.5% in the March quarter: ASX 0.5% higher at noon

15 May 2019 - The ASX opened higher following Wall Street’s claw back and is now tracking 0.5% higher at noon. The Wage Price Index (WPI) rose 0.5 per cent in the March quarter. Co…