Monthly Archives - September 2020

Profit taking pulls handbrake on bullish US tech rally: Aus shares to open lower

04 Sep 2020 - The Australian share market is set to open lower after US stocks retreated overnight as profit taking pulled a handbrake on the bullish US tech rally. US benchmark indices pared losses in late trade, with tech stocks dragging on the market. WAM Capital (ASX:WAM) has made an off-market takeover offer for rival listed investment company Concentrated Leaders Fund (ASX:CLF).

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Financials defy recession odds: Aus shares close 0.8% higher

03 Sep 2020 - The Australian share market shot up at the open following strong performance levels on Wall Street, especially record highs on the Nasdaq and S&P 500. Australia has recorded a $4.6 billion trade surplus for July, a drop of $3.5 billion. The big four banks all made gains of up to 2 per cent, as financials closed 1.3 per cent higher to keep the ASX in positive territory.

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