Yearly Archives - 2020

Wall St ends mixed amid COVID-19 spikes, muted data: Aus shares to open lower

19 Jun 2020 - Local shares look set for a weaker start to the day following a mixed finish on Wall Street. Shares in the US had a rather underwhelming session and there seems to be a lack of a catalyst igniting hopes of further gains in the markets. That being said the broader US market is 8 per cent off record levels. Facebook, Amazon and Netflix all closed slightly higher to lift the Nasdaq. But, declines in Carnival...

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Heartbreaking job data drags market lower: Aus shares close 0.9% lower

18 Jun 2020 - The market sank at the open, was hit by job data that Prime Minister, Scott Morrison described as “heartbreaking”, and finished the day 0.9 per cent lower. Ship builder Austal (ASX:ASB) has announced that the United States Department of Defense has awarded Austal USA a modification to a previously contract which may see the company reap an additional US$43.4 million.

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ASX tumbles as unemployment reaches 7.1%: Aus shares down 1.6% at noon

18 Jun 2020 - The Australian share market has been sliding since the open following mostly negative leads from Wall Street. The much-anticipated labour force data revealed that the national unemployed rate climbed to 7.1 per cent in May. All of the sectors except Consumer Staples have seen a sell off this morning. Shares in payment solution provider, Splitit Payments (ASX:SPT) are up almost 44% this mornign after it signed a multi-year agreement with Mastercard (NYSE:MA).

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