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02Jun

Australia records another current account surplus: ASX tracking 0.1% lower at noon

02 Jun 2020 - The ASX saw a bit of a rollercoaster ride this morning, dipping again in mid morning trade to now be tracking 0.1% lower at noon. Shares in Vicinity Centres (ASX:VCX) are down after they raised $1.2b in a fully underwritten placement. Meanwhile, shares in Domain Holdings (ASX:DHG) rose as did shares in Perenti Global (ASX:PRN). Evolution Mining (ASX:EVN) has confirmed it is looking into the sale of its Cracow gold mine.

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02Jun

AUD sees a four-month high against the greenback: ASX poised to rise at the open

02 Jun 2020 - The ASX is expected to open slightly higher. Today all eyes will be on the RBA’s policy statement at 2:30 pm AEST to discuss our economic recovery. Wall Street saw stocks rise as investors optimism grew on economic recovery. Although in America there are still tensions with China and violent street protests. Our dollar saw a surge against the US greenback. Yancoal (ASX:YAL) has successfully completed a refinancing of the existing syndicated bank guarantee facility.

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01Jun

Aussie shares reverse early dip, big 4 push higher, iron surges boosting miners: Aus shares 0.7% higher at noon

01 Jun 2020 - The Australian sharemarket has reversed an early dip the beginning of the trading week as the big four bank stocks push higher, while property stocks are taking a hit on the back of falls in property prices. The S&P/ASX200 Index is up 40 points, or 0.7 per cent, to 5796 points. Futures are pointing to a rise of 42 points.

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29May

5th consecutive week of gains: Aus gain 4.5% over week

29 May 2020 - Despite today’s losses, the market finished the week 4.5% higher. That’s the fifth consecutive week of gains for the ASX200. Investors are optimistic that the easing of covid-19 restrictions will signal an economic rebound. Heavy industry engineering and construction company Lycopodium (ASX:LYL) has revised its NPAT guidance for the financial year ending 30 June down to $11.5 million.

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29May

Nine Entertainment cheers as NRL season kicks off: Aus shares to open lower

29 May 2020 - Australian futures are pointing to a weak start after the Dow dropped almost 300 points in late session trade. The Australian National Cabinet will meet today to discuss how the lifting of lock down restrictions has progressed across the country and to develop public transport guidelines. Nine Entertainment Co Holdings (ASX:NEC) has revised its contract with the NRL for the next three years.

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