Monthly Archives - August 2020
17Aug

Aus shares to drop at the open on the back of mixed overseas leads: reporting season ramps up

17 Aug 2020 - Australian shares are set to drop at the open, taking direction from losses in Europe and lacklustre trading in the US. Wall Street was mixed retail sales in July fell short of forecasts, production met expectations. Shares in chip maker Applied Materials rose 3.9 per cent after it forecast fourth-quarter revenue above analyst estimates. Investors are also concerned over stalled coronavirus stimulus negotiations and simmering US-China tensions.

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14Aug

RBA says responsible lending dented credit growth: Aus shares 0.5% higher

14 Aug 2020 - The Australian share market opened higher following mixed leads from international markets and is tracking 0.5 per cent higher mid-session. Most of the sectors are in the green, with Information Technology and Industrials leading the charge. Credit Suisse rates AGL Energy (ASX:AGL) as an Underperform, with a decreased 12-month price target of $12.60.

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14Aug

Mostly negative international leads: Aus shares to open slightly lower

14 Aug 2020 - Australian shares are poised to slide at the open after mostly lower results on Wall Street and negative leads from European markets. Reporting Season is well underway, with Iluka Resources (ASX:ILU), National Australia Bank (ASX:NAB) and Newcrest Mining (ASX:NCM) expected to release their financial results today. A subsidiary of Ricegrowers (ASX:SGL), CopRice, has penned a purchase agreement to acquire the dairy and beef business of Riverbank Stockfeeds for under $10 million.

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