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01Apr

Building approvals soar in February: ASX tracking 3% higher at noon

01 Apr 2020 - The ASX shot up at the open and is now tracking 3% higher at noon. Shares in Oil Search (ASX:OSH) and Worley Parsons (ASX:WOR) are doing well today. Yesterday Worley announced Chevron had extended one of their contracts by two years. Jumbo (ASX:JIN) shares are on the decline despite reporting today that they expect higher customer engagement. And National Veterinary Care (ASX:NVL) now wholly-owns The Fitzroy Clinic.

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01Apr

The US could see a second $US2trn stimulus package: ASX set to open higher

01 Apr 2020 - The ASX looks set to open higher as US stocks fluctuated between gains and losses yesterday as global cases of coronavirus continue to rise. In the US, Trump has called for a second $US2 trillion stimulus package. And Meridian Energy (ASX:MEZ) has confirmed that Rio Tinto has not yet provided any update on the Strategic Review of the Tiwai Point Aluminium Smelter they own.

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31Mar

Oil crashes to an 18-year low: ASX poised to open higher

31 Mar 2020 - We saw a surge on the markets yesterday closing 7% higher – this movement is expected to continue with the ASX expected to open higher this morning. European governments moved to tighten restrictions to contain the coronavirus outbreak with an unrelenting rise in infections and deaths. Air New Zealand (ASX:AIZ) will begin reducing its workforce from this week as the severe economic impact of COVID-19 hits the airline.

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30Mar

A great session on the markets jumping up in afternoon trade: ASX closed 7 per cent higher

30 Mar 2020 - It has been a mostly positive day of trade for the ASX after managing to gain momentum the local bourse managed to close 7% higher. Mayne Pharma (ASX:MYX) shares saw a rise today. Cyclopharm, (ASX:CYC) through its subsidary Cyclomedica Australia, has lodged its New Drug Application (NDA) for Technegas, a nuclear medicine functional lung ventilation imaging agent, with the United States Food and Drug Administration (USFDA).

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30Mar

Protective gear helps Ansell (ASX:ANN) shares rise: ASX tracking 1.4% higher at noon

30 Mar 2020 - The ASX rose at the open then after a shaky start rose up to be now tracking 1.4% higher at noon. Ansell (ASX:ANN) shares performed well today after they affirmed their guidance as demand jumps for protective wear. Declines were seen in Virgin Money UK (ASX:VUK) and Abacus Property (ASX:ABP). Webjet (ASX:WEB) says work on its proposed capital raising is still ongoing.

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30Mar

IMF head says global economy has entered recession: ASX poised to open lower

30 Mar 2020 - We can expect the sharemarket to start the week lower this morning after Wall Street fell in Friday’s session and the death toll from the coronavirus continues to rise globally. The head of the International Monetary Fund Kristalina Georgieva says the global economy has now entered a recession. She said there could be a sizable rebound in 2021 but only if nations succeed in containing the coronavirus and limiting the economic damage. Summerset Group Holdings...

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27Mar

Global rescue plan to fight coronavirus fails to boost markets: ASX closed 5.3% lower

27 Mar 2020 - After a promising start, the ASX took a dip around midday trading and failed to gain momentum bourse closing 5.3% lower. Wisetech Global (ASX:WTC) shares rose today as did Clinuvel (ASX:CUV). Declines were seen with oOh!Media (ASX:OML) and Credit Corp (ASX:CCP). As for the sectors they all closed in negative territory today with Utilities losing the least and Real Estate Investment Trust fell lower.

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27Mar

Afterpay (ASX:APT) shares on the rise as they weather the storm: ASX tracking 0.5% lower

27 Mar 2020 - The ASX shot up at the open but took a downward turn in late morning trade and is now tracking 0.5% lower at noon. Shares in Afterpay Touch (ASX:APT) are rising today after a bit of a rollercoaster. Co-Founder and CEO Anthony Eisen insists the company has enough cash to weather the storm, while business activities are yet to be impacted by COVDID-19. The Decmil Group (ASX:DCG) released delayed results today to fully understand the...

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