Wall St stocks fall to a three-week low: ASX set to open slightly higher

Market Reports

by Rachael Jones

The Australian share market is set to open higher this morning as US equities fell to a three week low amid concerns about their own economic outlook. A key jobs report is out tomorrow in the US keeping investors on their toes. President Donald Trump is pushing to close a trade deal with China soon, he's worried about his re-election campaign and wanting to boost the economy. Meanwhile, oil fell.

Economic News 

The AiG will release figures for performance of construction February.
The Australian Bureau of Statistic will publish figures for International trade in Goods and Services for January and also retail sales for January.


Wall Street closed weaker yesterday: The Dow Jones Industrial Average fell 0.5 per cent to close at 25,673, the S&P 500 shed 0.7 per cent to close at 2,771 and the NASDAQ was down 0.9 per cent to close at 7506.

European markets closed mixed: London’s FTSE added 0.2 per cent, Paris lost 0.2 per cent and Frankfurt closed 0.3 per cent lower.

Asian markets closed mixed, Tokyo’s Nikkei dropped 0.6 per cent lower, Hong Kong’s Hang Seng gained 0.3 per cent and China’s Shanghai Composite added 1.6 per cent.

Taking all of this into equation, the ASX futures are up 2 points. Yesterday the Australian share market closed 0.8 per cent higher or 46 points at 6246.

Company news

Decmil Group (ASX:DCG) has been awarded a $72 million contract for balance of plant works at the Warradarge Wind Farm in Western Australia. The contract will be with leading global wind energy company Vestas, with the project located 200kms South of Geraldton. It will be funded and developed by Bright Energy Investments (BEI) - a partnership between Synergy and the private sector. This will be Decmil's first wind project. The works will commence immediately and are expected to be completed by September 2020. Shares in Decmil Group (ASX:DCG) closed 3.39 per cent lower at $0.855 yesterday.


One Australian Dollar at 8:45 AM was buying 70.32 US cents, 53.39 Pence Sterling, 78.60 Yen and 62.20 Euro cents.


Iron ore futures suggest a 0.9 per cent fall.
Gold has gained $2.90 to US$1288 an ounce.
Silver has lost $0.02 to US$15.09 an ounce.
Oil has dipped $0.33 to US$56.23 a barrel.


Antipodes Global Investment Company Ltd (ASX:APL) is paying 2 cents 50 per cent franked
ASX Limited (ASX:ASX) is paying 114.4 cents fully franked
Blue Sky Alternatives Access Fund Ltd (ASX:BAF) is paying 1 cents 65 per cent franked
Bell Financial Group (ASX:BFG) is paying 4.25 cents fully franked
BHP Group Limited (ASX:BHP) is paying 77.3232 cents fully franked
Corp Travel Limited (ASX:CTD) is paying 18 cents fully franked
Decmil Group Limited (ASX:DCG) is paying 1 cents fully franked
Desane Group Hldings (ASX:DGH) is paying 2.25 cents fully franked
FSA Group Limited (ASX:FSA) is paying 2cents fully franked 
Globe International (ASX:GLB) is paying 6 cents unfranked
Idp Education Ltd (ASX:IEL) is paying 12 cents 50 per cent franked
Iluka Resources (ASX:ILU ) is paying 19 cents fully franked
Jumbo Interactive (ASX:JIN) is paying 15 cents fully franked
Lifestyle Communities Limited (ASX:LIC) is paying 2.5 cents fully franked
McMillan Shakespeare (ASX:MMS) is paying 34 cents fully franked
Monadelphous Group (ASX:MND) is paying 25 cents fully franked
Mineral Commodities (ASX:MRC) is paying 0.7 cents 15 per cent franked
Monash IVF Group Ltd (ASX:MVF) is paying 3 cents fully franked
Medical Developments International Ltd (ASX:MVP) is paying 2 cents fully franked
Pinnacle Investment Management Group Ltd (ASX:PNI) is paying 6.1 cents fully franked
QBE Insurance Group (ASX:QBE) is paying 28 cents 60 per cent franked
Rio Tinto Limited (ASX:RIO) is paying 589.59 cents fully franked
Reliance Worldwide Corporation Ltd (ASX:RWC) is paying 4 cents fully franked
South32 Limited(ASX:S32 ) is paying 9.532 cents fully franked
Speedcast Int Ltd (ASX:SDA) is paying 4.8 cents unfranked
Sunland Group Ltd (ASX:SDG) is paying 4 cents fully franked 
Schaffer Corporation Limited (ASX:SFC) is paying 30 cents fully franked
Shine Corporate Ltd (ASX:SHJ) is paying 1.25 cents unfranked
SKY Network Television Limited (ASX:SKT) is paying 7.208 cents unfranked
Summerset Group Holdings Ltd (ASX:SNZ) is paying 5.8537 cents unfranked
Treasury Wine Estate (ASX:TWE) is paying 18 cents fully franked
Veem Ltd (ASX:VEE) is paying 0.15 cents fully franked


Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.