Monthly Archives - April 2020

Brent crude futures hit a 20-year low: ASX poised to open lower

22 Apr 2020 - Following weak leads from US markets, the ASX looks set to open lower this morning. The world's tally of confirmed coronavirus cases has passed 2.5 million. In Australia, 24 cases have been reported in the past 24 hours. Netflix has seen a big jump in subscribers but the stock bounced around after their earnings release. Virtus Health (ASX:VRT) supports today’s decision by the Australian Federal Government to lift the suspension on elective surgery, including Assisted...

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RBA Minutes: Market conditions stabilised but remain fragile: ASX tracking 0.7% lower at noon

21 Apr 2020 - The ASX fell lower at the open and struggled to gain momentum and is now tracking 0.7% lower at noon. Shares in aerial imaging company Nearmap (ASX:NEA) did well today. Meanwhile, shares in Metcash (ASX:MTS) declined as did Wisetech Global (ASX:WTC). The Utilities sector is the only sector in the green. PolyNovo (ASX:PNV) shares are up after their results from a successful trial.

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US oil price plunges into negative territory: ASX poised to open lower

21 Apr 2020 - The ASX looks set to open lower this morning. As demand for oil collapses during the coronavirus pandemic, oil has traded in negative prices for the first time in United States history. Back home Virgin Australia is expected to go into voluntary administration. Tower insurance (ASX:TWR) estimates the financial impact of cyclone Harold that passed through the Pacific Islands earlier this month is NZ$10 million.

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