Monthly Archives - July 2020

US job recovery stalls, rattling the markets: ASX poised to open lower

24 Jul 2020 - The ASX looks set to drop this morning with mixed results from the US overnight as their job market recovery appears to stall. Coronavirus infections across the US have now surpassed 4 million. Back home, our budget deficit hit almost $86b last financial year. Nufarm (ASX:NUF) has decided to change its financial year end from 31 July to 30 September.

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Frydenberg reports $85.8 billion deficit: Aus shares 0.2% up at noon

23 Jul 2020 - The Australian share market opened lower this morning but is now trading 0.2 per cent up at noon. Treasurer Josh Frydenberg has confirmed an $85.8 billion deficit for the last financial year with that figure reflecting the $289 billion the Morrison Government has allocated to stimulus measures including JobKeeper.

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Tensions rise between the US and China once again: ASX poised to open higher

23 Jul 2020 - The ASX looks set to open slightly higher this morning despite tensions rising between the US and China. The United States has ordered China to close its consulate in Houston, as President Donald Trump ramps up pressure against China ahead of the November election. Back home, the Australian dollar jumped to 71.4 US cents, its highest value since April 2019. The Westpac Group (ASX:WBC) today announced the appointment of Anthony Miller as Chief Executive, Westpac...

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