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Unemployment rate steady at 5.1%: Aus shares 0.1% higher at noon
16 May 2019 - The Australian share market opened slightly lower this morning following positive leads from Wall Street. It has made ground over the first two hours of trade continuing to unwind some of the losses it sustained on Tuesday and is now tracking 0.1% higher at noon. Xero (ASX:XRO) sees 36% rise in operating revenue compared to the prior corresponding period. AVITA Medical's (ASX:AVH) share price lifts following a new joint medical study.

CYBG first half profit drops: ASX set to open higher
16 May 2019 - The ASX is set to open higher this morning following positive leads on Wall St. US investors were optimistic that the US was close to resolving its steel and aluminium tariff dispute with Canada and Mexico. CYBG (ASX:CYB) reported a statutory profit before tax of just £29 million on revenue of £843 million.

Consumer confidence beats mark, wages rise less than expected: Aus shares close 0.7% higher
15 May 2019 - ASX recoups some of yesterday's losses after all sectors gain today with four rising over 1%. Consumer confidence beats forecasts & rises. Wages rise 0.5% in Q1, missing expectations. AHG (ASX:AHG) recommends shareholders accept 4th takeover offer from A.P. Eagers (ASX:APE). Webster (ASX:WBA) buys Apiary business for $5.2m. St Barbara (ASX:SBM) to buy Atlantic & raise $490m. Your daily wrap.

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. Consumer Sentiment rose 0.6% in May. And Fortescue Metals (ASX:FMG) announced a special dividend of $0.60 per share.

Wall St rebounds after Trump’s China comments: ASX poised to open higher
15 May 2019 - Following positive leads from US markets, the ASX looks set to open higher this morning, as more commentary on the trade tensions between the US and China came out overnight. Cann Group (ASX:CAN) reports that the Victorian Government has taken delivery of the first Australian sourced and commercially grown cannabis resin for use by Australian patients.

ASX recoups from earlier selling as Materials muster up: ASX closes 0.9% lower
14 May 2019 - ASX claws back from earlier intraday selling. IOOF (ASX:IFL) shares drag on P&I delays & UBS downgrading its earnings on coupon rate drop. Evolution Mining (ASX:EVN) discovery guidance $40-50m & kicks off WA airborne survey. Mayne Pharma (ASX:MYX) revenue falls 15% profit dips 20% Jan-Apr. IPO Perpetual Credit Income Trust (ASX:PCI) closes $1.11.

ASX sheds a month of gains on tariff war: Aus shares 1.2% lower at noon
14 May 2019 - ASX sheds a month of gains as China plans $60b on Tariffs on US goods in June. NAB (ASX:NAB) slips 5.3% on going ex-div. Citi says CBA (ASX:CBA) 3Q cash earnings were weaker than expected. Evolution Mining (ASX:EVN) starts airborne survey in WA, highlights $40-50m discovery guidance. Automotive Holdings Group (ASX:AHG) downgrades NPAT guidance to $50m. Bapcor (ASX:BAP) to combat climate change planting natives forests. Perpetual Credit Income Trust (ASX:PCI) IPO.

Wall St plunges on China tariff retaliation: Aus shares to drop at open
14 May 2019 - Australian shares are set to drop at the open after US stocks plunged on Monday. NIB (ASX:NHF) has completed its $24.2 million purchase of QBE's travel insurance business.

Asian markets lower, Hang Sang closed: ASX closed 0.2% lower
13 May 2019 - The ASX opened in the red and the local bourse managed to lose momentum closing 0.2% lower. ANZ (ASX:ANZ) saw a dip in their shares after updating the market on financial services company IOOF's (ASX:IFL) acquisition of the P&I business. Reliance Worldwide (ASX:RWC) saw their shares crash down. Navitas (ASX:NVT) confirms that the ACCC has now registered the scheme booklet regarding their proposed acquisition by BGH BidCo.

Reliance slumps over weak demand in US: ASX 0.4% lower at noon
13 May 2019 - The ASX dropped at the open and is now 0.4% lower at noon. Lendlease (ASX:LLC) share price shot up over 8% this morning after takeover speculation. Eclipx Group (ASX:ECX) saw a drop in their shares. And a huge loser from today is plumbing and heating company Reliance Worldwide (ASX:RWC) who saw their shares drop over fourteen per cent.