Monthly Archives - September 2020

Gold Road (ASX:GOR) suffers production interruption: Aus shares set to edge higher

25 Sep 2020 - Australian shares are set for a modest rise at the open following wild swings on Wall Street overnight as investors weigh the odds of further potential government stimulus. US Federal Reserve Bank Chairman, Jerome Powell testified in a hearing before the Senate Banking Committee this week. He noted that as households chew through the remainder of their government stimulus and employment benefits there is a risk they will “have to cut back on spending and...

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All the sectors in the red: ASX closes 0.8% lower

24 Sep 2020 - It has been a negative day of trade for the ASX. After a drop at the open, the local bourse closed 0.8% lower. Shares in Avita Therapeutics (ASX:AVH) fell over 7%, Ramelius Resources (ASX:RMS) followed close behind. As for the sectors today, they all closed in the red with industrials leading the pack. The Westpac Group (ASX:WBC) has reached an agreement with AUSTRAC and resolved to pay a $1.3 billion fine for breaching anti-laundering laws.

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Household wealth recovers in June quarter: ASX tracking 1.1% lower at noon

24 Sep 2020 - The ASX fell at the open and is now tracking 1.1% lower at noon. Westpac (ASX:WBC) shares were down this morning after agreeing to pay a $1.3 billion fine for its failure to adhere to money laundering laws. Shares in Challenger (ASX:CGF) rose today and shares in Avita Therapeutics (ASX:AVH) dropped. Altura Mining (ASX:AJM) is pleased to advise of continued production and shipping from the Altura Lithium Project.

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Gold sees fresh monthly lows: ASX set to open lower

24 Sep 2020 - The ASX looks set to drop this morning as the S&P 500, the Dow and the Nasdaq all closed lower. Tesla is suing the US government over the Trump administration’s tariffs on parts Tesla imports from China to manufacture its electric cars. NZ energy company Mercury (ASX:MCY) has revised its FY2021 EBITDAF guidance from $515m to $505m.

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