Monthly Archives - July 2020
31Jul

Mining stocks weigh on market: Aus market closes 1.6% lower over week

31 Jul 2020 - The Australian share market opened on shaky ground today following sour economic news in the US. The US Commerce Department announced overnight that US GDP dropped by a record 32.9 per cent (on an annualised basis) in the second quarter, the worst decline on record. The negative sentiment was contagious, with Aussie investors reversing positions today. We saw a broad-based pull back across all of the sectors, with mining losing nearly 3.1 per cent. Credit...

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31Jul

RPMGlobal (ASX:RUL) completes Revolution acquisition: Aus shares 1.6% lower at noon

31 Jul 2020 - The Australian share market opened flat following a retreat on Wall Street overnight. The ASX has seen a steady decline over the first 2 hours of trade and is 0.2% lower at midday. The producer price index for the second quarter was better than expected. Victoria has recorded 627 new cases in the past 24 hours and eight deaths. Mining software solution company, RPMGlobal Holdings (ASX:RUL) has today confirmed the successful acquisition of Revolution Mining...

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30Jul

AUD rallies against the USD: ASX closed 0.7% higher

30 Jul 2020 - The Australian share market shot up at the open and closed 0.7 per cent higher. The Australian dollar has strengthened against the US greenback reaching well over 70 cents. Gold is rallying. As for the sectors, Infotech led the day. Nufarm (ASX:NUF) is please to report Canadian regulatory authorities have approved Nufarm's propriety Nuseed Omega-3 Canola.

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30Jul

Lockdowns hinder economy recovery: ASX tracking 0.7% at noon

30 Jul 2020 - The ASX shot up at the open and is now tracking almost 0.7% higher at noon. Utlities the only sector making losses so far today. Victoria has reported 723 new coronavirus cases meanwhile NSW has 18 new cases today. Dexus (ASX:DXS) will sell six industrial properties to Dexus Australia Logistics Trust for $269.4 million.

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