Yearly Archives - 2020
01Sep

Current account surplus hits $17.7 billion: ASX tracking 1.7% lower

01 Sept 2020 - The ASX dropped at the open and is now tracking 1.7% lower at noon. Shares in Costa Group (ASX:CGC) are on the rise today. Shares in QBE Insurance Group (ASX:QBE) dropped today after the announcement the CEO was stepping down. Shares in Afterpay (ASX:APT) also dropped today. Aurizon (ASX:AZJ) welcomes today’s decision by the Queensland Court of Appeal to dismiss an appeal surrounding the Wiggins Island Rail Project.

Read more...
01Sep

Reserve Bank rate decision due today: ASX poised to open lower

01 Sep 2020 - Following mixed trade in the US, the ASX looks set to start the month of September lower. September is not always the best month for stocks historically, and with the US election looming we could see some volatility this month. One company to excel during the corona period is Zoom - their shares rose as much as 25 per cent yesterday - they raised their full-year guidance significantly. TikTok has chosen a bidder for its...

Read more...
31Aug

AUD rally decelerates after reaching 1.5-year high: ASX closes 0.2% lower

31 Aug 2020 - The Australian share market finished lower despite promising signs of an afternoon rally after midday. Meanwhile, the Australian dollar reached a 1.5-year high this morning, surpassing the 73.8 cent mark for the first time since December 2018. This was a response to the release of private sector profitability and borrowing data. However, the rally decelerated after Midday, on the back of the US dollar strengthening.

Read more...