Yearly Archives - 2020

Oil prices drop as Saudi cuts output: ASX poised to open lower

12 May 2020 - US markets saw rises in health and technology yesterday, but the ASX looks set to open lower this morning. The Dow Jones Industrial Average fell as the Nasdaq rose for a sixth straight day. Oil erased gains as Saudi Arabia plans to slash output. They plan to cut another 1 million barrels a day. SkyCity Entertainment Group (ASX:SKC) is set to welcome back staff and customers to their properties in New Zealand.

Read more...

AngloGold Ashanti (ASX:AGG) suffers 4 fatalities in Q1: Aus shares close 1.3% higher

11 May 2020 - The Australian market rose today as state and territory leaders clarified plans to reopen the economy in their jurisdictions. It ended the day 1.3 per cent higher. The Energy sector was up just over 2 per cent after the oil price showed signs of recovery. The world’s third largest gold mining company, AngloGold Ashanti (ASX:AGG) recorded a solid operational and financial start to 2020 but with a high human toll.

Read more...

iSignthis (ASX:ISX) loses the battle but continues to wage the war: Aus shares to open higher

11 May 2020 - Despite disturbing job data coming out of the US on Friday, investors showed a willingness to look beyond the short-term impacts of Covid-19. US stocks held onto their gains even after the news and pushed them higher in the last hour of trade. The Australian share market looks set to continue the gains, with futures pointing to a rise at the open. Managing Director of fintech giant, iSignthis (ASX:ISX), John Karantzis announced that the company...

Read more...