Yearly Archives - 2020

Tensions rise between the US and China once again: ASX poised to open higher

23 Jul 2020 - The ASX looks set to open slightly higher this morning despite tensions rising between the US and China. The United States has ordered China to close its consulate in Houston, as President Donald Trump ramps up pressure against China ahead of the November election. Back home, the Australian dollar jumped to 71.4 US cents, its highest value since April 2019. The Westpac Group (ASX:WBC) today announced the appointment of Anthony Miller as Chief Executive, Westpac...

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Inghams (ASX:ING) plant closed after Covid outbreak: ASX closes 1.3% lower

22 Jul 2020 - It has been a negative day of trade for the ASX with the local bourse failing to gain momentum and closing 1.3% lower. Shares in Inghams dropped after reports their Victoria processing plant is in the middle of a Covid outbreak. Shares in Resolute Mining (ASX:RSG) did well today after reporting a 64 per cent increase in Syama Underground gold.

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Retail turnover rose 2.4% in June thanks to cafes and restaurants: ASX is tracking 1.3% lower at noon

22 Jul 2020 - The ASX dropped at the open and is now tracking 1.3% lower at noon. Shares in Resolute Mining (ASX:RSG) are doing well today after reporting a 64% increase in Syama Underground gold. Meanwhile shares in Mesoblast (ASX:MSB) have dropped. As for the sectors today, leading the pack is Energy, the only sector in the green. Healthcare is falling behind. Health club Viva Leisure (ASX:VVA) are set to acquire Australian Fitness Management.

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