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03Apr

Over 10 million file for unemployment benefits in the US: ASX poised to open higher

03 Apr 2020 - After a rally from US markets, the ASX looks set to open higher. It’s been a rollercoaster of a week as investors monitor the COVID-19 crisis. Over one million people across the world have been infected, with over 51,000 losing their lives. The US now has the most recorded cases. Over 10-million Americans have filed for unemployment benefits since mid-March. SkyCity Entertainment Group (ASX:SKC) will immediately cut around 200 jobs in New Zealand, after standing...

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23Dec

Investors monitor new Covid strain in the UK: ASX set to open higher

23 Dec 2020 - Following mixed leads from US markets, the ASX looks set to open higher. Stocks recovered ground across Europe yesterday. New South Wales residents wait anxiously to hear from the Premier later today on social gathering restrictions for Christmas. The number of cases in the state has so far been tracking down from 30 to just 8 yesterday. Challenger (ASX:CGF) has entered into an agreement to acquire MyLifeMyFinance for $35 million.

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02Dec

A big week for local economic news: ASX poised to open higher

02 Dec 2019 - Despite weak leads from US markets, the ASX looks set to open higher this morning just ahead of a large week of local economic data to be released. China insists US tariffs must be rolled back as part of any phase one trade deal with Washington. Moelis Australia (ASX:MOE) exchanged contracts on Friday to acquire The Beach Hotel, Byron Bay for $104 million.

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28Jan

Openpay’s (ASX:OPY) revenue up 58%: ASX closes 1.9% lower

28 Jan 2021 - It has been a negative day of trade for the ASX following the biggest decline since October on Wall St. The best performing stock was Unibail-Rodamco Westfield (ASX:URW) following its European shares (URW:NA) rising 19.87% overnight while the worst performing stock is IOOF (ASX:IFL) following the release of their second quarter results.

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24Feb

Global stocks extend slide over Ukraine tension, Rio unveils record profit: ASX to fall

24 Feb 2022 - Global sell-down after ASX, Asian markets rallied triggered after several cyber-attacks and declared a state of emergency happened in Ukraine.

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23Nov

Afternoon update: ASX down 0.62% after OPEC+ postpones meeting

23 Nov 2023 - Today's theme is all about the fall in energy stocks due to the falling price of crude oil. The falling prices are a result of disagreements within OPEC+ causing a delay in their meeting, diminishing prospects of production cuts by the Saudi-led alliance. Concurrently, US data showed an uptick in oil stockpiles.

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07Feb

Big tech companies are announcing in-house AI projects

07 Feb 2023 - US stocks fell Monday as investors grew increasingly cautious of rising bond yields, while watching the latest batch of corporate earnings. Investors will also watch on Tuesday for Federal Reserve Chairman Jerome Powell’s remarks before the Economic Club of Washington. Powell’s comments on disinflation caused investors to bid shares higher last week and overlook another rate hike out of the central bank.

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08Jan

Safe haven gold soars as Middle East tensions rise: ASX tracking 1% lower at noon

08 Jan 2020 - The ASX has failed to gain momentum throughout the morning and is now tracking 1% lower at noon. The Independence Group (ASX:IGO) shares are soaring as they reported their first half metal production beat guidance.

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03Jul

Lovisa (ASX:LOV) to exit Spanish Market: Aus shares to open higher on US job data

03 Jul 2020 - Australian shares are set to rise at the open following gains on Wall Street overnight. Better than expected US job data bolstered equities. The US economy added 4.8 million jobs in June, pushing the unemployment rate to 11.1 per cent, down from 13.3 per cent in May. Gold has advanced and the Australian dollar is edging higher. The board of Lovisa Holdings (ASX:LOV) has decided to exit the Spanish market.

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23Aug

S&P 500 stumbles ahead of Jackson Hole

23 Aug 2024 - The S&P 500 experienced a pullback overnight as investors anticipated Federal Reserve Chair Jerome Powell's keynote address at the Jackson Hole Economic Symposium.

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