Yearly Archives - 2020
06Aug

Commodities boost sees market set to rise: ASX to open higher

06 Aug 2020 - The ASX looks set to open higher this morning thanks to gains in commodities and Wall Street closing higher overnight. Over in the UK, the Bank of England will announce its latest monetary policy decision before the opening bell today as they navigate a loosening of lockdown measures and crucial Brexit talks with the EU. Gold surged and oil prices recovered. ELMO Software (ASX:ELO) report strong growth in annualised recurring revenue of 19.7% for the...

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05Aug

Gold tops US$$2,023:Aus shares close 0.6% lower

05 Aug 2020 - The Australian share market has been flat all day after dropping at the open. The big banks fell today, while the miners kept afloat. On the commodities front, we’ve seen gold top a record at US$$2,028. Virgin Australia (ASX:VAH) announced plans to slim down staff to 6,000 when travel resumes, while cutting about 3,000 jobs to go to new owners Bain Capital. Telstra (ASX:TLS) has entered an agreement to sell its data centre in Clayton,...

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05Aug

Aus shares 0.9% lower at noon despite gold surge

05 Aug 2020 - The Australian share market dropped at the opening bell as expected and has faltered to an almost 1 per cent fall. This comes despite a surge in gold and a rally in the mining sector, but that isn’t enough to keep the markets in the green today. Village Roadshow (ASX:VRL) continues to negotiate with BGH Capital over its takeover deal, today extending the period for exclusive discussions for a fourth time. Smartpay’s (ASX:SMP) CEO and...

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05Aug

ASX set to dip despite Wall St gains

05 Aug 2020 - Wall Street ended on a high note with the Energy sector lifting. Apple is still tracking gains after its strong quarterly report last week. The US government stimulus package for coronavirus relief is still weighing in on investors. Woolworths (ASX:WOW) will shut its 22 BIG W stores in metropolitan Melbourne for six weeks as part of the Victorian Government’s forced closures of non-essential retail stories due to lockdown restrictions.

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04Aug

RBA holds rates: Aus shares close 1.9% higher

04 Aug 2020 - The local bourse managed to stay on a positive streak throughout the day after a strong start at the open, easing slightly through the afternoon ahead of the RBA's interest rate decision which remained unchanged amid the current climate. Wesfarmers (ASX:WES) has been forced to shut its Target and Kmart stores in the Melbourne metropolitan region during the stage four restrictions in Victoria due to Covid. Afterpay (ASX:APT) has raised $136 million from retail investors...

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