Monthly Archives - July 2020

US Fed rate decision boost global markets: ASX poised to open higher

30 Jul 2020 - The ASX looks set to open slightly higher this morning after the US central bank decided to keep interest rates at record lows for longer. Asian stocks look set for gains today after a signal from the Federal Reserve in the US that more stimulus will be provided. Back home futures rose here and in Japan and Hong Kong. Oceania Healthcare (ASX:OCA) announce dividend underwriting.


Westpac to bring back 1,000 jobs: Aus shares close 0.23% lower

29 Jul 2020 - The markets flatlined this afternoon after a dip around midday. The local bourse closed 0.2 per cent lower. The Consumer Price Index fell 1.9 per cent in the June quarter, the lowest it has been on record, the ABS announced today. Westpac (ASX:WBC) announced it will bring back around 1,000 jobs to Australia from overseas in response to the growing demand for customer support due to the Covid-19 pandemic.


Downer EDI secures $324m in contracts: Aus shares 0.1% lower at noon

29 Jul 2020 - The Australian share market started to lift steadily after opening in the red at the open on the back of a Wall Street dip amid low consumer confidence in the US, dropping again on the ABS’s announcement that the Consumer Price Index has fallen to the lowest level in history amid the coronavirus pandemic. Downer EDI (ASX:DOW) has secured $324 million in several contracts across the power generation, oil and gas, and industrial sectors.