09 Mar 2020 - The Australian share market haemorrhaged value today in what was its worse session since the global financial crisis. At the closing bell, the S&P/ASX 200 index closed 456 points or 7.3 per cent lower to finish at 5,761. Over the day, the market wiped out more than $137 billion dollars in value.
09 Mar 2020 - The coronavirus panic which plagued the international markets in late trade last week has now thrust the Australian market below the 6000-point mark. The S&P/ASX 200 index is 342 points lower at 5,874 at noon. Macquarie has upgraded Beach Energy (ASX:BPT) from an underperform to an outperform, with a 12 month price target of $2.10.
09 Mar 2020 - All major US stock indexes slipped late last week as new coronavirus deaths in the US intensified fears of the outbreak dragging on economic activity. An economic stimulus package from the Federal Government is expected later this week. On the commodities front, oil has lost and gold is up. Air New Zealand (ASX:AIZ) has today announced that it will be withdrawing the full year 2020 earnings guidance.
06 Mar 2020 - The Australian share market continued to plummet in the back half of the trading session and closed 2.8 per cent lower.
06 Mar 2020 - The Australian share market continued to drop at the open, extending this week’s losses. The ASX200 index tumbled 1.6 per cent following negative leads from international markets. VEEM (ASX:VEE) constructs world’s largest gyrostabilizer.
06 March 2020 - Following negative leads from US markets, the ASX looks set to open lower this morning. Stocks plunged in the US erasing most of the gains from earlier in the week. Coronavirus continues to spread with US deaths on the rise. European stocks tumbled. WCM Global Growth’s (ASX:WQG) portfolio returned -1.79 per cent for the month ended February 2020.
05 Mar 2020 - It has been a welcome positive day of trade for the ASX which opened higher, and closed 1.1% higher. Jumbo Interactive (ASX:JIN) saw their shares fall as did Corporate Travel Management (ASX:CTD). As for the sectors today Healthcare led the day and Industrials fell lower. Alkane Resources (ASX:ALK) has announced that Export Finance Australia will support development of the Dubbo Project.
05 Mar 2020 - The ASX shot up at the open and is now tracking 1.8% higher at noon. Shares in TPG Telecom (ASX:TPM) rose after the ACCC said they would not appeal the merger with Vodafone. Azerbaijan International Operating Co. has awarded Worley (ASX:WOR) a contract for engineering, procurement and construction services as part of a gas lift project.
05 Mar 2020 - Following a strong rally over night on the US markets, he ASX looks set to open higher this morning. Following rate cuts from the RBA and the Federal Reserve, the Bank of Canada also cut rates overnight. It’s expected the Bank of England may also follow this week and the European Central Bank. Fonterra Co-operative Group (ASX:FSF) Chairman John Monaghan has confirmed that he will retire as a Director.
04 Mar 2020 - The Australian share market opened with more losses this morning and continued to fall in the back half of the trading session closing 1.7 per cent lower. Economy grew 0.5 per cent in the December quarter.
