Yearly Archives - 2020

JobKeeper payments set to cover around 4.7m employees: ASX poised to open lower

07 May 2020 - Following mixed leads from US markets, the ASX looks set to open lower this morning. The S&P 500 and Dow Jones Industrial Average indexes closed lower, while IT and consumer discretionary sectors kept the Nasdaq in the green. Back home, close to 730,000 employers have so far signed up for the JobKeeper allowance, covering around 4.7 million employees. On the commodities front, oil has dropped and gold is also down. OceanaGold (ASX:OGC) released their first...

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A late rally boosts the market, but not enough: ASX closed 0.4% lower

06 May 2020 - The ASX failed to rise into positive territory today closing 0.4% lower. Nearmap (ASX:NEA) shares are on the rise as are Appen (ASX:APX). Shares in National Storage REIT (ASX:NSR) are down – they completed their $300m institutional placement today. The Goodman Group (ASX:GMG) today announced the appointment of Mark G. Johnson as an Independent Director.

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Retail turnover rises 8.5% in March: ASX 1.1% lower at noon

06 May 2020 - The ASX dropped at the open and is now tracking 1.1% lower at noon. Nearmap (ASX:NEA) shares are on the rise as are Domain Holdings (ASX:DHG). The Australian dollar has risen to US64.33 cents. As for the sectors, utilities are up and financials, down. ALS (ASX:ALQ) reports less than 10% of their global laboratory network has been adversely impacted by shutdowns due to COVID-19.

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