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16Jun

Apple earns US$500 billion from apps: ASX poised to open higher

16 Jun 2020 - Following a rise from US markets overnight, the ASX looks set to open higher this morning. US stocks jumped yesterday, recovering from earlier losses, as the Federal Reserve announced further measures to support the market during the pandemic. Apple reported yesterday that its App Store facilitated over half a trillion dollars in billings and sales. The EU and the UK government have decided to intensify Brexit talks over growing concerns that both sides might fail...

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15Jun

Quantum computing hopeful Archer (ASX:AXE) reaches tech milestone: Aus shares off to a rocky start

15 Jun 2020 - Despite positive international leads coming into the session, the Australian share market opened lower and is off to a rocky start. ABS data released today shows the extreme impact of the covid shutdown on international travel. Iron ore and gold are both trading higher. Archer Materials (ASX:AXE) has reached a significant technological milestone in progressing its quantum computing chip.

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15Jun

CBA appoints Simon Moutter to board: Aus shares to open higher

15 Jun 2020 - The Australian share market is set to open higher this morning after Wall Street rebounded on Friday. Technology and financial stocks led the recovery. Coronavirus developments will be front and centre this week, with a raft of economic news on the agenda. The Commonwealth Bank of Australia (ASX:CBA) has appointed Simon Moutter as an Independent, Non-Executive Director.

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12Jun

Social restrictions to be eased this weekend: Aus shares clos 1.9% lower

12 Jun 2020 - The local share market recovered from its session low of 3.4% but finished down 1.9%, amid weakness in bank stocks. Today’s falls come on the back of losses of 6 to 7 per cent on Wall Street on Thursday. Australia's 10-year bond yield has continued to come under pressure and the yield curve has flattened on the back of uncertainty about the strength of the economic recovery and the outlook for rates.

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11Jun

Red finish: Aus shares closes 3.1% lower

11 Jun 2020 - After a small dip around lunchtime the local bourse managed to close 3.1 per cent lower. Travel companies took a hit today with shares in Webjet (ASX:WEB), Flight Centre Travel (ASX:FLT), and Corporate Travel Management (ASX:CTD) all declining. Northern Star Resources (ASX:NST) and Newcrest Mining (ASX:NCM) all did well today. As for the sectors today Healthcare ended the day on top and Energy fell lower.

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11Jun

Fed Reserve keeps rates unchanged: ASX poised to open lower

11 Jun 2020 - Following a fall from US markets overnight, the ASX looks set to open lower this morning. Yesterday it closed higher for its seventh consecutive session, despite falls for mining, bank and energy stocks. In the US the Federal Reserve left rates unchanged yesterday and indicated that they’ll likely remain near zero until at least 2022 as the economy tries to recover from the coronavirus pandemic. It sees the economy contracting 6.5% this year, before rebounding...

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