Monthly Archives - August 2020

US tech rally bolsters ASX: Aus shares set to rise

21 Aug 2020 - The Australian share market looks set to shake off weak US jobs data to rise at the open, boosted by strong performances for US tech stocks. Figures released overnight show that the number of Americans who filed a claim for unemployment last week rose unexpectedly to approx. 1.4 million. Coles Group (ASX:COL) announced that its wholly owned subsidiary, Coles Group Treasury has re-entered the Australian debt capital markets.

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Reporting season sees pandemic impact: Aus shares 0.8% down

20 Aug 2020 - The Australian share market dropped at the open closing 0.8 per cent down at the end of trade. Sequoia Financial Group (ASX:SEQ) reports a successful FY20 financial performance. The company significantly improved EBITDA of $4.8m, accelerating 2H20 momentum, with EBITDA of $3.4m.

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Fed says coronavirus will continue to ‘weigh heavily’ on the economy: ASX set to open slightly lower this morning

20 Aug 2020 - The ASX looks set to open slightly lower this morning as the US warns of a difficult economic recovery. Despite the S&P 500 hitting a new high for the second-straight session, and the Nasdaq hitting a new record for the third day in a row, Wall Street closed lower in the end. Genesis Energy (ASX:GNE) today announced EBITDAF for the year of $356 million, down 4% on FY19.

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