Australian shares are poised to open flat. In the US it appears traders turned their eyes to the global economic outlook a stocks fell. Treasury 10-year yields fell to the lowest since December 2017. Over in the UK, British Prime Minister Theresa May has offered to quit her role once the troubled Brexit deal goes through. Pro-Brexit lawmakers had called on May to set a date for her departure as way of securing support for her divorce agreement with Brussels. This debacle caused the FTSE to struggle. The Australian dollar took a dip.
Wall Street closed lower yesterday: The Dow Jones Industrial Average closed 0.1 per cent lower at 25,626, the S&P 500 fell 0.5 per cent to 2805 and the NASDAQ dropped 0.6 per cent to 7643.
European markets closed mostly lower: London’s FTSE fell 0.03 per cent, Paris lost 0.1 per cent and Frankfurt closed flat.
Asian markets closed mixed, Tokyo’s Nikkei fell 0.2 per cent,Hong Kong’s Hang Seng gained 0.6 per cent and China’s Shanghai Composite added 0.9 per cent.
Taking all of this into equation, the SPI futures are flat. Yesterday the Australian share market closed 0.1 per higher or 5 points at 6136.
Cedar Woods Properties (ASX:CWP) has acquired a 20.2 hectare site directly adjacent to the Company’s best-selling project, Ariella in Western Australia. Within the north-east growth corridor of the Perth metropolitan area, Brabham has been a high performing area, with relatively low supply and strong, consistent demand. The land was purchased for $28.25 million, with payment on deferred terms and settlement in July 2019, from private landowners Minx and West Swan, and is anticipated to contribute to earnings from FY21. The property is zoned Urban and is expected to yield approximately 380 lots. It is in close proximity to major transport routes via Lord Street and will appeal primarily to first and second homebuyers. Shares in Cedar Woods Properties (ASX:CWP) closed 3.23 per cent lower at $5.40.
One Australian Dollar at 7:40 AM was buying 70.87US cents, 53.50 Pence Sterling, 78.31 Yen and 63.03 Euro cents.
Iron Ore futures suggest a 0.1 per cent fall
Gold has fallen $6.60 to US$1315 an ounce.
Silver has dropped $0.15 to US$15.28 an ounce.
Oil was $0.54 lower at US$59.40 a barrel.
A2B Australia Ltd (ASX:A2B) is paying 4 cents fully franked
APN Industria REIT (ASX:ADI) is paying 4.25 cents unfranked
Australian Unity Office Fund (ASX:AOF) is paying 3.95 cents unfranked
AP Eagers Ltd (ASX:APE) is paying 22.5 cents fully franked
Aims Property Securities Fund (ASX:APW) is paying 0.5626 cents unfranked
APN Convenience Retail REIT (ASX:AQR) is paying 5.225 cents unfranked
Arena REIT (ASX:ARF) is paying 3.375 cents unfranked
Aventus Group (ASX:AVN) is paying 4.16 cents unfranked
CCenturia Industrial Reit (ASX:CIP) is paying 4.6 cents unfranked
Charter Hall Long WALE REIT (ASX:CLW) is paying 6.9 cents unfranked
Centuria Metropolitan REIT (ASX:CMA) is paying 4.358 cents unfranked
Cromwell Group (ASX:CMW) is paying 1.8125 cents unfranked
Charter Hall Education Trust (ASX:CQE) is paying 4 cents unfranked
Eagle Health Holdings Ltd (ASX:EHH) is paying 0.5 cents unfranked
GrGryphon Capital Income Trust (ASX:GCI) is paying 0.9 cents unfranked
Garda Capital Group (ASX:GCM) is paying 1.25 cents unfranked
Garda Diversified Property Fund (ASX:GDF) is paying 2.25 cents unfranked
Kirkland Lake Gold (ASX:KLA) is paying 3.4 cents unfranked
Meridian Energy (ASX:MEZ) is paying 7.356 cents unfranked
Mortgage Choice Ltd (ASX:MOC) is paying 3 cents fully franked
Qualitas Real Estate Income Fund (ASX:QRI) is paying 0.3784 cents unfranked
Redcape Hotel Group Pty Ltd (ASX:RDC) is paying 2.1575 cents unfranked
Rural Funds Group (ASX:RFF) is paying 2.6075 cents unfranked
RFM Poultry (ASX:RFP) is paying 1.3011 cents fully franked
SDI Limited (ASX:SDI) is paying 2.2 cents fully franked
360 Capital Group Ltd (ASX:TGP) is paying 3 cents unfranked
360 Capital Total Return Fund (ASX:TOT) is paying 3 cents unfranked
Virtus Health Ltd (ASX:VRT) is paying 12 cents fully franked
Vita Group Ltd (ASX:VTG) is paying 5.2 cents fully franked
WPP Aunz Ltd (ASX:WPP) is paying 4 cents fully franked