Monthly Archives - August 2020

Tech stocks drag ASX lower: Aus shares down 0.9% at noon

28 Aug 2020 - After a marginal rise at the open, the ASX200 sunk throughout the morning and is trading 0.9 per cent lower at noon. Surprisingly, the Information Technology sector is leading the losses. Village Roadshow (ASX:VRL) has reported a net loss after tax of $122.6 million, after revenue dropped on Covid woes.

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Watershed policy shift for US Fed: Aus shares to open lower

28 Aug 2020 - The SPI futures are pointing to a 0.2% fall at the open following mixed results on Wall Street overnight. US Federal Reserve chairman Jerome Powell announced that the US Fed would adopt a flexible inflation target after years of aiming for less than 2%. Oil fell as Hurricane Laura disrupted production and refining in the US Gulf.

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