Yearly Archives - 2020

IMF head says global economy has entered recession: ASX poised to open lower

30 Mar 2020 - We can expect the sharemarket to start the week lower this morning after Wall Street fell in Friday’s session and the death toll from the coronavirus continues to rise globally. The head of the International Monetary Fund Kristalina Georgieva says the global economy has now entered a recession. She said there could be a sizable rebound in 2021 but only if nations succeed in containing the coronavirus and limiting the economic damage. Summerset Group Holdings...

Read more...

Global rescue plan to fight coronavirus fails to boost markets: ASX closed 5.3% lower

27 Mar 2020 - After a promising start, the ASX took a dip around midday trading and failed to gain momentum bourse closing 5.3% lower. Wisetech Global (ASX:WTC) shares rose today as did Clinuvel (ASX:CUV). Declines were seen with oOh!Media (ASX:OML) and Credit Corp (ASX:CCP). As for the sectors they all closed in negative territory today with Utilities losing the least and Real Estate Investment Trust fell lower.

Read more...

Afterpay (ASX:APT) shares on the rise as they weather the storm: ASX tracking 0.5% lower

27 Mar 2020 - The ASX shot up at the open but took a downward turn in late morning trade and is now tracking 0.5% lower at noon. Shares in Afterpay Touch (ASX:APT) are rising today after a bit of a rollercoaster. Co-Founder and CEO Anthony Eisen insists the company has enough cash to weather the storm, while business activities are yet to be impacted by COVDID-19. The Decmil Group (ASX:DCG) released delayed results today to fully understand the...

Read more...

90% of Australian businesses set to be impacted by COVID-19: ASX set to open higher

27 Mar 2020 - Positive leads from US markets mean we are set to see the ASX open higher this morning. All three major benchmarks on Wall Street closed sharply higher yesterday ignoring the US jobless claims surging to more than 3 million in the latest week. Westgold Resources (ASX:WGX) says all of their process plants are operating at full capacity, thanks to the multitude of ore sources Westgold has in the Murchison region.

Read more...