Monthly Archives - July 2020

US consumer confidence falters: Aus shares to open lower

29 Jul 2020 - The US markets finished lower, setting the Australian share market for a slow start this morning. On the commodities front, gold is seeing gains. Fintech company Wisr (ASX:WZR) reported a strong quarter, with record growth across a number of key metrics, despite tighter credit policies and the downturn from the pandemic. Its quarterly revenue increased by 50%.

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Gold hits new high: Aus shares 0.6% higher at noon

28 Jul 2020 - The Australian share market opened higher this morning but is now trading 0.6 per cent up at noon. Wisr (ASX:WRZ) has released it’s fourth-quarter operating revenue, reporting the neo-lender reached $2.9 million, up 188 per cent on the same period last year.

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US stimulus looms: Aus shares to open higher

28 Jul 2020 - Following positive leads from US markets with Wall Street closing higher, the Australian share market looks set to open in the green this morning. Market sentiment was boosted on the back of a looming US government stimulus package proposed to aid the impact of coronavirus.

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Ingenia (ASX:INA) acquires $16M lifestyle community: Aus shares close 0.3% higher

27 Jul 2020 - It has been a positive day of trade for the Australian share market. After opening behind the eight ball, the market rebounded in early trade and ended the day 0.3 per cent higher. Gold surged past the $US1,900 an ounce threshold today for the first time since 2011. Analysts warn that a second wave of COVID-19 lockdowns in Melbourne could spark another round of capital raisings as companies look to strengthen their balance sheet during...

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Tasmania tops economic rankings: Aus shares 0.3% higher at noon

27 Jul 2020 - The Australian share market opened slightly lower this morning following mostly negative leads from international markets and rising geopolitical tensions between China and the US. Despite the drop at the open, the market rebounded in early trade. About half of the sectors are in the green this morning, Materials leading the way. Commsec has released its quarterly State of the States report. For the first time in over a decade Tasmania is number one in...

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