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27Mar

90% of Australian businesses set to be impacted by COVID-19: ASX set to open higher

27 Mar 2020 - Positive leads from US markets mean we are set to see the ASX open higher this morning. All three major benchmarks on Wall Street closed sharply higher yesterday ignoring the US jobless claims surging to more than 3 million in the latest week. Westgold Resources (ASX:WGX) says all of their process plants are operating at full capacity, thanks to the multitude of ore sources Westgold has in the Murchison region.

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26Mar

US Senate passes the $US2 trillion stimulus package: ASX closes 2.3% higher

26 Mar 2020 - It has been a positive day of trade for the ASX the local bourse managed to close 2.3% higher. Shares in Northern Star Resources are down over 15% today after they estimated disruptions will result in March quarter production being 10-15% lower than expected. oOh! Media (ASX:OML) are set to raise $167 million via a fully-underwritten equity raising.

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26Mar

Household wealth up 3.3% in the December quarter: ASX tracking 0.6% higher at noon

26 Mar 2020 - The ASX shot up at the open and is now tracking 0.6% higher at noon. Shares in The Star Entertainment Group (ASX:SGR) are on the rise after reporting yesterday that they will temporarily stand down over 90% of their approximately 9,000 employees. MedAdvisor (ASX:MDR) is fast-tracking the rollout of Phase 1 of its delivery service to help deliver much-needed medications to patients during the COVID-19 pandemic.

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26Mar

US stimulus package cause markets to rise for a second day: ASX set to open high

26 Mar 2020 - As the US markets pared their gains, the ASX looks set to open higher this morning. The Dow has jumped in the last two days as the White House and congressional leaders said they had agreed to a $2 trillion stimulus bill to combat the economic slowdown from the coronavirus pandemic. Equities advanced in Europe and on the commodities front, oil has up slightly and gold has dropped over $25. New Zealand electricity company Mercury’s...

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25Mar

Market lifts on US stimulus agreed of $US2 trillion: ASX closed 5.5% higher

25 Mar 2020 - It has been a positive day of trade for the ASX after rising at the open it managed to stay in positive territory closing 5.5% higher. Qantas (ASX:QAN) shares rose after securing $1.5 billion in debt funding. New Zealand sanitiser manufacturer Zoono Group (ASX:ZNO) has entered into an Exclusive Distribution Agreement with Al Rabban Capital for the distribution in the Middle East and North Africa.

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25Mar

Qantas secures $1.5b in debt funding: ASX tracking 3.5% higher at noon

25 Mar 2020 - The ASX shot up at the open and is now tracking 3.5% higher at noon. Prime Minister Scott Morrison announced that a COVID-19 coordination commission has been established, which will be headed up by former Fortescue Metals Group chief executive Neville Power. The Qantas Group (ASX:QAN) has completed a new round of debt funding, securing $1.05 billion in additional liquidity.

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25Mar

The Dow jumps up on hopes of coronavirus stimulus package: ASX poised to open higher

25 Mar 2020 - The ASX looks set to open higher. The Dow rebounded more than 11% in its best day since 1933. The rise comes as US Congress battles out a coronavirus stimulus deal. Meanwhile, US President Donald Trump says he wants to reopen the US economy by Easter. Back home economists report that we could see house prices plummet by 20%. Fletcher Building (ASX:FBU) says there has been no material disruption to our manufacturing, distribution, residential...

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24Mar

UK in ‘lockdown’ due to national emergency: ASX poised to open higher

24 Mar 2020 - The ASX looks set to open higher despite Wall Street's slide deepening yesterday as coronavirus forced more US states into lockdown. Over in the UK Prime Minister Boris Johnson has just announced a ban in the UK on people leaving their homes except for food, medical treatment, daily exercise or travel to 'essential' work. Michael Hill International (ASX:MHJ) has closed its stores indefinitely.

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