Monthly Archives - June 2020

Heartbreaking job data drags market lower: Aus shares close 0.9% lower

18 Jun 2020 - The market sank at the open, was hit by job data that Prime Minister, Scott Morrison described as “heartbreaking”, and finished the day 0.9 per cent lower. Ship builder Austal (ASX:ASB) has announced that the United States Department of Defense has awarded Austal USA a modification to a previously contract which may see the company reap an additional US$43.4 million.

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ASX tumbles as unemployment reaches 7.1%: Aus shares down 1.6% at noon

18 Jun 2020 - The Australian share market has been sliding since the open following mostly negative leads from Wall Street. The much-anticipated labour force data revealed that the national unemployed rate climbed to 7.1 per cent in May. All of the sectors except Consumer Staples have seen a sell off this morning. Shares in payment solution provider, Splitit Payments (ASX:SPT) are up almost 44% this mornign after it signed a multi-year agreement with Mastercard (NYSE:MA).

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Westpac to divest Pendal: Aus shares to open lower

18 Jun 2020 - The ASX is set to drop at the open after the Dow and the S&P 500 unwound some of the gains they managed to rack up over the last 3 sessions. Iron ore, gold and oil are trading lower. Westpac Banking Corporation (ASX:WBC) is selling its remaining holding in Pendal Group (ASX:PDL) via an underwritten institutional offer.

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