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14Apr

AUD jumps to 63.8 cents against the USD: ASX poised to open higher

14 Apr 2020 - Following mixed leads from US markets, the ASX looks set to open higher this morning. The WHO says there are 70 COVID-19 vaccines in the works, with three leading candidates already being tested on humans. Oil prices fell yesterday due to oversupply concerns despite OPEC and its allies agreeing to cut production. The AUD jumped to 63.8 US cents. Evolve Education Group (ASX:EVO) has been unable to complete the proposed acquisition of five childcare centres...

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09Apr

Market closes on a 4-week high: ASX closed 3.5% higher

09 Apr 2020 - The ASX saw a rally in late afternoon trade closing on a 4 week high at 3.5% higher. Perenti Global (ASX:PRN) shares advanced over 27% and shares in Commonwealth Bank (ASX:CBA) rose. Real Estate Investment Trust closed the week leading the sectors and consumer staples came in the lowest. Orocobre (ASX:ORE) says the Argentine Ministry of Production has declared lithium mines Olaroz and Borax ‘essential activities’ and has restarted production.

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09Apr

All the sectors in the green: ASX tracking almost 2% higher at noon

09 Apr 2020 - The ASX shot up at the open and is now tracking almost 2% higher at noon. Shares in oOh!media (ASX:OML) are on the up after HT&E has acquired at least 11 million shares in the company representing at least 1.8% of the Company’s issued capital. Viva Energy (ASX:VEA) says their Retail segment has continued to perform well with the Alliance network achieving average sales volumes of 62.4 million litres per week in 1Q2020.

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09Apr

Wall Street rally continues: ASX poised to open higher

09 Apr 2020 - The ASX looks set to open higher this morning. US stocks are having a rollercoaster of a week. The 76 day lockdown in the Chinese city of Wuhan where coronavirus first emerged has now ended and people can travel to other parts of China. Meanwhile, oil jumped up ahead of an OPEC meeting that is viewed to lead to production cuts. Auckland International Airport (ASX:AIA) announced today the opening of its NZ$200 million non-underwritten share...

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08Apr

S&P lowers Australia AAA credit rating to negative: ASX closed 0.9% lower

08 Apr 2020 - The ASX dropped at the open and struggled to gain momentum closing 0.9% lower. Shares in Oil Search (ASX:OSH) have declined after they reported raising $1.1 billion to ride out global price turmoil. Next Science’s (ASX:NXS) Hospital Cleaner Surface Disinfectant has been accepted for registration for inclusion on the product labelling of a Claim for effectiveness against biofilm.

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08Apr

Fitch downgrades the Big Four banks: ASX tracking 0.3% lower at noon

08 Apr 2020 - The ASX dropped at the open and is struggling to gain momentum but managed to scrape back to be now tracking 0.3% lower at noon. The economic crisis from COVID-19 has prompted Fitch Ratings to downgrade the credit rating for the big four. Treasury Wine Estates (ASX:TWE) announced today its intention to consider a demerger of the Penfolds business and associated assets into a separate company.

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08Apr

Some states could lift coronavirus restrictions sooner than others: ASX poised to open lower

08 Apr 2020 - Following weak leads from US markets, the ASX looks set to open lower this morning. Britain and New York state have reported their worst daily death tolls since the coronavirus pandemic began. Back home, Prime Minister Scott Morrison says Australia's economic recovery will begin with a be a series of "trials", with some states moving faster than others in lifting COVID-19 shutdown restrictions. Infratil (ASX:IFT) reports that the Longroad Energy has the closed the financing...

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07Apr

RBA reaffirms targets: Aus shares close 0.7% lower

07 Apr 2020 - After a strong start in early trade, the ASX200 slumped mid-morning on the ABS’s announcement that the February trade balance had fallen to around $4.4 billion. It continued to float lower over the afternoon as the RBA announced a potential wind back of its government bond purchases on the secondary markets. Auckland International Airport (ASX:AIA) has completed the bookbuild for its NZ$1B placement.

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07Apr

Strong start stunted by trade data: Aus shares 0.1% higher at noon

07 Apr 2020 - The Australian share market rose at the open following positive leads from Wall Street. The S&P/ASX 200 index is tracking 0.1 per cent or 8 points higher at 5,294. The GPT Group (ASX:GPT) today announced that all properties in the GPT Wholesale Office Fund and the GPT Wholesale Shopping Centre Fund have been independently revalued as at 31 March 2020. The value of the properties was downgraded by approximately $183 million, representing a decline in...

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07Apr

UK PM Boris Johnson moved to intensive care due to coronavirus: ASX poised to open higher

07 Apr 2020 - Following positive leads from US markets, the ASX looks set to open higher. All three major US indexes jumped higher yesterday after reported declines in new coronavirus deaths over the weekend. Over in the UK Prime Minister Boris Johnson was moved to intensive care as his coronavirus symptoms worsened. Kalium Lakes (ASX:KLL) is pleased to announce the appointment of Dale Champion as a non-executive Director of the Company.

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