05 Jun 2020 - Australian shares are set to open lower this morning. Wall Street closed mixed last night as investors pulled the handbrake on the multi session equity rally as weak economic data came it. Medical device manufacturer, Atomo Diagnostics (ASX:AT1) has expanded its existing COVID-19 rapid test partnership with NG Biotech.
04 Jun 2020 - It has been a positive day of trade for the Australian share market hitting four consecutive days of gains. With a sell off around lunchtime the local bourse managed to close 0.8% higher. Shares in Unibail-Rodamco-Westfield (ASX:URW) are on the up as shopping restrictions in Europe ease. Macmahon Holdings (ASX:MAH) has secured an expansion and three year extension of its work at the Byerwen coking coal mine in Queensland’s Bowen Basin.
04 Jun 2020 - The ASX shot up at the open and is now tracking 0.4% higher at noon. Shares in Unibail-Rodamco-Westfield (ASX:URW) are on the up as shopping restrictions in Europe ease. Shares in Nufarm (ASX:NUF) meanwhile are declining. And Primewest (ASX:PWG) has acquired an 8.3% strategic interest in Clime Investment Management (ASX:CIW) via an underwritten placement.
04 Jun 2020 - Following a broad rally from US markets overnight, the ASX looks set to open higher this morning. If the GDP continues to fall in the next quarter Australia will enter its first technical recession in 29 years. The Australian dollar continues to rise against the USD. AFT Pharmaceuticals (ASX.AFP) has signed an exclusive distribution agreement with Austria’s Ever Valinject for the commercialisation of Maxigesic IV.
0306 Jun 2020 - It has been a positive day of trade for the ASX after a rise at the open the local bourse managed to gain momentum closing 1.8% higher. Banks blostered the market today following GDP and building approvals data from the ABS earlier today. Ingenia Communities Group (ASX:INA) has increased its Security Purchase Plan (SPP) offer to $28 million, above the original target of $25 million.
03 Jun 2020 - The ASX shot up at the open and is now tracking almost 0.9% higher at noon. Banks are performing well so far this morning following GDP and building approvals data from the ABS earlier today. Shares in SkyCity (ASX:SKC) rose as they announced they expect total annualised cost savings of around NZ$50m. Infigen Energy (ASX:IFN) is considering its response to the off-market takeover proposal from UAC Energy Holdings.
03 Jun 2020 - Following gains from US markets overnight, the ASX looks set to open higher this morning. Around the world stock markets have hit their highest levels since March as signs of a global economic recovery from Covid-19 offset concerns over civil unrest in the US. Back home, the Aussie dollar lifted by another 1.5% overnight, a level not seen since mid-January. SkyCity (ASX:SKC) expects total annualised cost savings of around NZ$50 million.
02 Jun 2020 - It has been an up and down day of trade for the Australian share market, which closed 0.3 per cent higher. Shopping centre company Unibail-Rodamco-Westfield saw their shares rise today after opening 65 of 90 centres after Covid-19 restrictions were eased. Shares in Vicinity Centres (ASX:VCX) are down after they raised $1.2 billion in a fully underwritten placement. The information technology sector bolstered the market today. Zip Co (ASX:Z1P) looks to buy New York-based buy...
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.
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.
