Yearly Archives - 2020
18Mar

The White House plan to inject $1 trillion into US economy: ASX poised for an uncertain open

18 Mar 2020 - The ASX could surprise us this morning. There is uncertainty as to which way it will open. On Wall Street investors were relieved that President Donald Trump is seeking a $1 trillion dollar package for the coronavirus fight. The Dow Jones Industrial Average ended more than 1000 points higher after yet another day of highs and lows. Kathmandu Holdings (ASX:KMD) report that travel and movement restrictions globally have impacted the Group’s European operations.

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17Mar

Market sees an unexpected rebound: ASX closes 5.8% higher

17 Mar 2020 - The ASX saw its best day since 1997, closing 5.8% higher. Metcash (ASX:MTS) saw their shares soar today over 25%. Shares in Gold Road Resources (ASX:GOR) also saw a huge rise of over 20 per cent. Johns Lyng Group (ASX:JLG) has extended its contract with Western Australia’s major local insurer for a further five years.

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17Mar

Residential property prices rise 3.9%: ASX tracking 2.8% higher at noon

17 Mar 2020 - The ASX shot up at the open and is continuing to rise into lunchtime trade now tracking 2.8% higher at noon. The best performing stock in the is Northern Star Resources (ASX:NST) rising almost 19%. Medical Developments International (ASX:MVP) says that at this stage the potential negative impact of the COVID 19 virus on its business appears limited.

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17Mar

Cochlear (ASX:COH) loses US$268 million appeal

17 Mar 2020 - Cochlear (ASX:COH) today announced that the United States Court of Appeals for the Federal Circuit in Washington, DC has affirmed the US District Court award of US$268 million in patent infringement damages against Cochlear and its US subsidiary Cochlear Americas.

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17Mar

Wall Street plunges on coronavirus sell-off: ASX set to open lower

17 Mar 2020 - The ASX looks set to open lower this after a disastrous day on Wall St due to the coronavirus impact. The Dow Jones has closed down almost 13%, the biggest one-day fall in percentage terms since the 1987 stock market crash. Rio Tinto (ASX:RIO) is working to ensure Oyu Tolgoi is operating in accordance with the restrictions the Mongolian authorities have put in place to contain the spread of COVID-19.

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