Monthly Archives - June 2020

Business conditions rise in May: ASX tracking 2.4% higher at noon

09 Jun 2020 - The ASX shot up at the open and is now tracking almost 2.4 per cent higher at noon. The banks are boosting the market today. The NAB (ASX:NAB), Westpac (ASX:WBC) and ANZ (ASX:ANZ) all rose up over 6%.The aussie dollar continues to rally and the iron ore price is up almost 5%. Oil Search (ASX:OSH) has obtained an interim injunction from the National Court of Papua New Guinea, allowing trading to commence on the PNGX.

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AUD leaps up over 70 US cents: ASX poised to open higher

09 Jun 2020 - Following an extended rally from US markets overnight, the ASX looks set to open higher this morning. The Nasdaq rose to a record high, and Boeing Co. led gains in the Dow Jones Industrial Average. Oil prices pared gains yesterday, despite OPEC and its allies announcing that production cuts of 9.6 million barrels per day across the group would continue throughout July as the coronavirus pandemic continues to weigh on demand. The AUD leapt up...

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Tower (ASX:TWR) voluntarily refunds $7.2M: ASX secures 6th week of gains

05 Jun 2020 - The Australian share market made a comeback this afternoon to finish 0.1 per cent higher today, falling just short of the 6,000 point level. The market was buoyed by a strong performance from the Financials sector. New Zealand Insurance Company, Tower (ASX:TWR) is refunding customers to the tune of $7.2 million due to the lower cost of car claims during the covid lock down period.

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Kogan.com (ASX:KGN) gross sales double

05 Jun 2020 - Online retailer, Kogan.com (ASX:KGN) has released an impressive trading update for the fourth quarter-to-date. Compared to the same period last year, Kogan’s gross sales grew by more than 100 per cent.

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