Monthly Archives - May 2020

US stocks slump on Jerome Powell’s remarks: ASX poised to open lower

14 May 2020 - Following a fall from US markets overnight, the ASX looks set to open lower this morning. The slump on Wall Street came after Federal Reserve chair Jerome Powell warned that the economic risks from coronavirus are significant. Tensions between the US and China flared once again as US President Donald Trump tweeted about trade deals not making a difference to the lives lost from what he called the ‘Plague from China’. The Woolworths Group (ASX:WOW)...

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Annual wage growth slow pre-coronavirus restrictions: The ASX is tracking 0.9% lower

13 May 2020 - The ASX dropped at the open as investors evaluate the risk of opening up the economy. It is now tracking almost 0.9 per cent lower at noon. Pilbara Minerals (ASX:PLS) did well today as did shares in Mayne Pharma Group (ASX:MYX). All the sectors are in the red with the communication services are leading the pack. Biotech Mesoblast (ASX:MSB) has successfully completed a capital raising of $138 million.

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Eclipx Group (ASX:ECX) see a lift in H1 earnings

13 May 2020 - Vehicle fleet leasing company Eclipx Group (ASX:ECX) today reported its first half results for the six months ended 31 March 2020 showing statutory net profit after tax of $13.2 million for 1H20, a significant improvement on losses of $120.3 million for 1H19.

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