Yearly Archives - 2020
18Dec

AGL faces major outage as worker seriously injured: Aus shares 0.7% lower at noon

18 Dec 2020 - The Australian share market opened slightly higher following positive leads from US markets. It’s down after 2 hours of trade, dragged lower by the banks. The S&P/ASX 200 index is 45 points down or 0.7 per cent lower at 6,712. On the futures market the SPI is 53 points higher. AGL (ASX:AGL) says that Unit 3 of its Liddell Power Station is out of service following a transformer incident that “seriously injured” a worker.

Read more...
18Dec

French president contracts coronavirus: Aus shares to open flat

18 Dec 2020 - Aussie shares are set for a flat start despite US stocks edging to record highs overnight. US jobless claims came in higher than expected, however investors took this in their stride. The market seems to assume that the unexpectedly high jobless claims may force the 2 major political parties into finally agreeing on a Covid stimulus deal which would bolster the market.

Read more...
17Dec

November jobless rate fell to 6.8%: ASX closes 1.2% higher

17 Dec 2020 - It was a positive day of trade for the ASX. It continued to climb throughout the day, ending 1.2% higher. Shares in Netwealth (ASX:NWL) performed well today while Whitehaven Coal (ASX:WHL) did not fare well, despite upgrading its Winchester South Project metallurgical coal mine JORC Resource. All of the sectors closed in the black.

Read more...