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20Aug

Fed says coronavirus will continue to ‘weigh heavily’ on the economy: ASX set to open slightly lower this morning

20 Aug 2020 - The ASX looks set to open slightly lower this morning as the US warns of a difficult economic recovery. Despite the S&P 500 hitting a new high for the second-straight session, and the Nasdaq hitting a new record for the third day in a row, Wall Street closed lower in the end. Genesis Energy (ASX:GNE) today announced EBITDAF for the year of $356 million, down 4% on FY19.

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19Aug

Wisetech Global (ASX:WTC) shares shoot up on their results: ASX tracking almost 1% higher at noon

19 Aug 2020 - Things are currently looking bright on the Australian share market. It shot up at the open and is now tracking almost 1 per cent higher at noon. The tech sector is currently doing well as is healthcare. Wisetech Global (ASX:ASX:WTC) shares saw a huge leap this morning after reporting a almost 200 per cent rise in their NPAT over the year. Shares in Resolute Mining (ASX:RSG) didn’t fare so well.

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19Aug

US consumers spend $211 billion in online shopping boost: ASX poised to open lower

19 Aug 2020 - The ASX looks set to open slightly lower this morning after US stock futures were flat in overnight trading. The S&P 500 hit its highest level ever, a huge come back after the coronavirus losses. The US reports that e-commerce sales grew more than 30% between the first and second quarter of 2020, that's according to the US Department of Commerce. Consumers spent $211.5 billion online during the second quarter. Michael Hill International (ASX:MHJ) profits...

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18Aug

RBA confirms severe economic downturn: Aus shares close 0.8% higher

18 Aug 2020 - The Australian share market rose at the open and closed 0.8 per cent higher. The Reserve Bank of Australia confirmed the economic downturn in Australia was the most severe in many decades, and staff estimates suggested a decline in GDP of around 7 per cent and a contraction in hours worked of around 10 per cent. That’s according to minutes released from the recent meeting.

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18Aug

Aussie dollar rises over 72 US cents: ASX set to open higher

18 Aug 2020 - The ASX looks set to open higher this morning as US stocks rose mostly on technology as big banks sold off. The Democratic National Convention starts to run this week in the US ahead of the presidential election set for November – this is expected to raise caution on Wall Street. The AUD was up 0.49% to 72.06 US cents. Fisher & Paykel Healthcare (ASX:FPH) report that for the first four months of the financial...

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17Aug

JB Hi-Fi riding high on results: Aus shares 0.5 % lower at noon

17 Aug 2020 - The ASX has opened firmly lower with broad based losses across the majority of sectors, but materials and healthcare have managed to edge into the green. Financials and communications services are leading the declines. NAB is down by 2.5 per cent while CBA is down over 1 per cent. JB Hi-Fi jumped in early trade to reach a new record of $51.33 following stellar results and is now trading around $49.78 cents.

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17Aug

Aus shares to drop at the open on the back of mixed overseas leads: reporting season ramps up

17 Aug 2020 - Australian shares are set to drop at the open, taking direction from losses in Europe and lacklustre trading in the US. Wall Street was mixed retail sales in July fell short of forecasts, production met expectations. Shares in chip maker Applied Materials rose 3.9 per cent after it forecast fourth-quarter revenue above analyst estimates. Investors are also concerned over stalled coronavirus stimulus negotiations and simmering US-China tensions.

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