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Live ASX News Today
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22nd Mar 08:28 PM AEDT
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22nd Mar 08:24 PM AEDT
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22nd Mar 08:21 PM AEDT
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22nd Mar 07:13 PM AEDT
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22nd Mar 06:57 PM AEDT
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22nd Mar 06:40 PM AEDT
Crude oil rises as European Union plans to ban Russian oil imports
Source: Copyright © 2022 Kalkine Media®
Crude oil prices extended their rally on Tuesday morning after climbing more than US$3/bbl on Monday. The significant rise in crude oil prices has been witnessed after the news that some European Union members are considering options to impose sanctions on Russian oil and as attacks on Saudi oil facilities sent fears through the market.
Both oil benchmarks settled nearly 7% higher on Monday as the potential for more supply disruptions weighed on the market. The prices moved higher ahead of talks this week between the US President Joe Biden and European Union governments in a series of summits that aim to harden the West's response to Moscow over its invasion of Ukraine.
Both oil benchmarks settled above US$109/bbl on Monday. WTI Crude Oil futures settled for US$109.97/bbl while Brent Crude Oil futures closed at US$115.62 on Monday.
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22nd Mar 06:40 PM AEDT
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22nd Mar 05:19 PM AEDT
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22nd Mar 05:08 PM AEDT
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22nd Mar 03:46 PM AEDT
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22nd Mar 02:06 PM AEDT
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22nd Mar 02:00 PM AEDT
Piedmont Lithium (ASX:PLL) enters trading halt
Source: © Rummess | Megapixl.com
Materials firm, Piedmont Lithium Inc (ASX:PLL), announced today that its securities would be placed on a trading halt immediately. Unless the ASX determines otherwise, the securities would remain in a trading halt until the announcement is made public or until the earlier of the start of normal trading on 24 March 2022.
Piedmont Lithium is building a world-class integrated lithium business in the U.S, allowing the transition to a net-zero.
The company also shared that it intends to sell 1.5 million shares of its common stock in a public offering. The net proceeds of the offering will be used to fund the firm’s share of the capital required to begin operations at North American Lithium in Quebec.
Meanwhile, the stock last traded at AU$0.940 per share on the ASX.
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22nd Mar 02:00 PM AEDT
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22nd Mar 01:39 PM AEDT
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22nd Mar 01:29 PM AEDT
ASX 200 to rise; US bond yields rally on Fed's rate comments
The Australian share market is expected to rise on Tuesday despite muted overnight closing on Wall Street after US Federal Reserve said that inflation was too high, and it could use bigger-than-usual interest rate hikes if needed.
The ASX 200 could be helped by gains in local energy stocks as European Union nations mulled over a Russian oil ban, while mining stocks could rise on firm commodity prices.
According to the latest SPI futures, the ASX 200 is expected to open 78 points or 1.05% higher. Meanwhile, Atlas Arteria Group (ASX:ALX) and health supplements company Blackmores Ltd (ASX:BKL) are a few stocks which are scheduled to go ex-dividend today.
On Wall Street, the Dow Jones fell 0.58%, the S&P 500 ended flat%, and the Nasdaq closed down 0.40%.
Fed Chair Jerome Powell said that the US central bank could raise rates in 50 basis point increments at upcoming meetings and leave rates higher in the longer term than would have traditionally been expected. "The labor market is very strong, and inflation is much too high," Powell told a National Association for Business Economics conference.
Fed recently hiked rates by 25 basis points for the first time in three years to tame a 40-year high in inflation.
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22nd Mar 01:15 PM AEDT
ASX 200 opens in green; Paladin Energy, BHP Group lead gains
The Australian share market edged higher on Tuesday, supported by gains in local energy stocks as European Union nations consider a ban over Russian oil, while strong commodity prices have uplifted sentiments in the mining space. The benchmark ASX 200 was up 0.76% or 55.6 points to 7,347.7 in the first 15 minutes of trading.
On Monday, the Dow Jones Industrial Average took a hit of 0.58% to 34,553, while the S&P 500 fell 0.04% to 4,461.7. The NASDAQ Composite ended the session 0.4% down at 13,838.46.
As of 11:00 AM AEDT, the ASX 200 was trading 1.18% or 85 points up at 7,362.1, while the ASX All Ordinaries index was up 1.1% or 83.5 points up at 7,642.4. The A-VIX fell by 4.81% to 15.74.
Coming to the top ASX 200 gainers, Paladin Energy Limited (ASX:PDN) and BHP Group Limited (ASX:BHP) were leading the gains, rallying 9.63% and 4.58%, respectively. On the flip side, Atlas Arteria Group (ASX:ALX) and Boral Limited (ASX:BLD) were the top laggards, falling 4.01% and 3.47%, respectively.
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22nd Mar 01:10 PM AEDT
Mayne Pharma?(ASX:MYX)?appoints Ann Custin as non-executive director
Source: © Andreyyalansky19 | Megapixl.comHealthcare firm, Mayne Pharma Group Limited (ASX:MYX), has appointed Ann Custin as a?non-executive director, with?effect from 23 March 2022. Custin, a US citizen, has over 40 years of expertise in the healthcare industry.?
Mayne Pharma focuses on the commercialisation of both generic and new medications. It provides patients with safer, better, and more easily accessible drugs.
Custin, was most recently, the CFO and Board Director of Siemens Medical Solutions, a major medical technology firm.
Frank Condella, Mayne Pharma’s Chair, said
Meanwhile, the share price of the stock MYX was quoted at AU$0.240 per share, down 2.041% at 11:00 AM AEDT.
