Monthly Archives - July 2020

Tech stocks lift market: Aus shares gain 2.5% over week

03 Jul 2020 - The Australian share market opened higher this morning following positive leads from offshore markets. It fell mid-session and tracked sideways for most of the afternoon to close 0.4 per cent higher. Over the week, the market has gained 154 points or 2.5 per cent. According to the latest Australian Bureau of Statistics retail trade figures, Australian retail turnover jumped 16.9 per cent in May (seasonally adjusted).

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Cann (ASX:CAN) secures government funding for medicinal cannabis facility: Aus shares 0.6% higher at noon

03 Jul 2020 - The Australian share market opened higher and is tracking 0.6% higher at noon, buoyed by a strong performance from the Healthcare sector which is up around 1.9 per cent, and some positive retail turnover figures. Medical cannabis supplier, Cann Group (ASX:CAN) has been awarded a grant for up to $1.975 million under the Regional Jobs Fund established by the Victorian Government.

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Lovisa (ASX:LOV) to exit Spanish Market: Aus shares to open higher on US job data

03 Jul 2020 - Australian shares are set to rise at the open following gains on Wall Street overnight. Better than expected US job data bolstered equities. The US economy added 4.8 million jobs in June, pushing the unemployment rate to 11.1 per cent, down from 13.3 per cent in May. Gold has advanced and the Australian dollar is edging higher. The board of Lovisa Holdings (ASX:LOV) has decided to exit the Spanish market.

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