Yearly Archives - 2020

US stimulus looms: Aus shares to open higher

28 Jul 2020 - Following positive leads from US markets with Wall Street closing higher, the Australian share market looks set to open in the green this morning. Market sentiment was boosted on the back of a looming US government stimulus package proposed to aid the impact of coronavirus.

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Ingenia (ASX:INA) acquires $16M lifestyle community: Aus shares close 0.3% higher

27 Jul 2020 - It has been a positive day of trade for the Australian share market. After opening behind the eight ball, the market rebounded in early trade and ended the day 0.3 per cent higher. Gold surged past the $US1,900 an ounce threshold today for the first time since 2011. Analysts warn that a second wave of COVID-19 lockdowns in Melbourne could spark another round of capital raisings as companies look to strengthen their balance sheet during...

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Tasmania tops economic rankings: Aus shares 0.3% higher at noon

27 Jul 2020 - The Australian share market opened slightly lower this morning following mostly negative leads from international markets and rising geopolitical tensions between China and the US. Despite the drop at the open, the market rebounded in early trade. About half of the sectors are in the green this morning, Materials leading the way. Commsec has released its quarterly State of the States report. For the first time in over a decade Tasmania is number one in...

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Urban sprawl pushes US home sales to near 13-year high: Aus shares set to open lower

27 Jul 2020 - Based on the SPI, the ASX is poised to start the week on a negative note following mixed leads from international markets on Friday. The US Commerce Department has announced that sales of new single-family homes in the US soared to a near 13-year high in June. The meteoric rise in home sales comes on the back of low interest rates and a new migration trend sparked by covid-19. Digital Wine Ventures (ASX:DW8) generated total...

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IAG leads drop: Aus shares close 1.2% lower

24 Jul 2020 - The ASX declined today to close 1.2 per cent lower by 71 points to finish at 6,024, a 0.2 per cent decline over the week. IAG (ASX:IAG) led the drop on the news that it scrapped its dividend after flagging flat growth in gross written premiums. The ABS announced a jump in export growth on the back off strong iron ore exports. BlackWall Property Trust (ASX:BWR) announced it will acquire WOTSO Workspace.

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