Monthly Archives - September 2020
03Sep

The Dow surges surges 450 points: ASX poised to open higher

03 Sep 2020 - Following a lift on US markets overnight, the ASX looks set to open higher this morning. The top infectious disease expert in the US, Dr. Anthony Fauci, says that the number of daily coronavirus cases in the United States is currently “unacceptably high.” The US is seeing roughly 40,000 new cases a day, but it needs to bring infections down to 10,000 or less per day, Fauci said. Meanwhile, the Trump administration says it will...

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02Sep

Australia officially in recession: ASX closes 1.8% hgiher

02 Sep 2020 - It has been a positive day of trade for the ASX the local bourse managed to close 1.8% higher. As for the sectors today all were in the green. The Reserve Bank of Australian report a 7% fall in June quarter GDP – the biggest since records started in 1959. Australia is now officially in recession for the first time in 29 years. Lendlease (ASX:LLC) intends to purchase approximately 2,400,000 Lendlease securities on market for...

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02Sep

Economic activity fell 7% in June quarter: ASX tracking 1.6% higher

02 Sep 2020 - The ASX is now tracking 1.6% higher. Shares in IOOF Holdings (ASX:IFL) dropped. They announced this morning that they had completed the institutional component of their capital raising to partly held fund the acquisition of NAB’s MLC. All sectors are in the green. Western Areas (ASX:WSA) is pleased to announce the maiden ore reserve for its AM6 deposit.

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02Sep

Health advisors predict four coronavirus vaccine trials could fail: The ASX is poised to open higher

02 Sep 2020 - The ASX looks set to edge higher this morning after technology stocks boosted Wall Street ending another record-breaking session. Tesla’s shares saw a record rise yesterday, the company have now decided to sell up to $5 billion in stock. Still in the US, a group advising US health officials has predicted that four late-stage coronavirus vaccine trials backed by the United States could fail to provide positive results. The Gentrack Group (ASX:GTK) is pleased to...

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01Sep

RBA keeps interest rates steady at 0.25%: ASX closes 1.8% lower

01 Sept 2020 - It hasn’t been a great start for September for the Australian share market. After a drop at the open, the market failed to gain momentum, closing 1.8% lower. The Reserve Bank of Australia has held official interest rates at a record low 0.25%. Shares in QBE Insurance Group (ASX:QBE) dropped after the announcement of the shock departure of its CEO. As for the sectors today, all of them closed in the red.

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01Sep

Current account surplus hits $17.7 billion: ASX tracking 1.7% lower

01 Sept 2020 - The ASX dropped at the open and is now tracking 1.7% lower at noon. Shares in Costa Group (ASX:CGC) are on the rise today. Shares in QBE Insurance Group (ASX:QBE) dropped today after the announcement the CEO was stepping down. Shares in Afterpay (ASX:APT) also dropped today. Aurizon (ASX:AZJ) welcomes today’s decision by the Queensland Court of Appeal to dismiss an appeal surrounding the Wiggins Island Rail Project.

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