Yearly Archives - 2020

IMF predicts a deep recession: ASX poised to open higher

15 Apr 2020 - The ASX looks set to open higher this morning. On Wall Street shares rose on hopes the US is moving closer to at least a partial reopening of its economy during the coronavirus pandemic. The Dow was up 2.5% near the closing bell. The International Monetary Fund is warning Australia's economy could shrink by 6.7 per cent this year. Stockland (ASX:SGP) has put in place additional unsecured bank debt facilities totalling $350 million.

Read more...

Business confidence and conditions see huge monthly falls: ASX tracking 0.5% higher at noon

14 Apr 2020 - The ASX had a little dip in early morning trade but then rose within the first hour of trading now tracking almost 0.5% higher at noon. Energy companies have opened mixed following the deal among Opec and other oil producing nations to cut crude production. Gold producers are all up. Bega Cheese (ASX:BGA) wins Kraft Heinz legal proceedings.

Read more...

Tech sector boosts the market: ASX closed 1.9% higher

14 Apr 2020 - It has been a mostly positive day of trade for the ASX after a small dip in early morning trade the local bourse managed to close 1.9% higher. As for the sectors today Infotech led the day and REITs the only sector to end the day lower. Centuria Industrial REIT (ASX:CIP) has completed a $130 million institutional placement.

Read more...