Yearly Archives - 2020

CBA appoints Simon Moutter to board: Aus shares to open higher

15 Jun 2020 - The Australian share market is set to open higher this morning after Wall Street rebounded on Friday. Technology and financial stocks led the recovery. Coronavirus developments will be front and centre this week, with a raft of economic news on the agenda. The Commonwealth Bank of Australia (ASX:CBA) has appointed Simon Moutter as an Independent, Non-Executive Director.

Read more...

Social restrictions to be eased this weekend: Aus shares clos 1.9% lower

12 Jun 2020 - The local share market recovered from its session low of 3.4% but finished down 1.9%, amid weakness in bank stocks. Today’s falls come on the back of losses of 6 to 7 per cent on Wall Street on Thursday. Australia's 10-year bond yield has continued to come under pressure and the yield curve has flattened on the back of uncertainty about the strength of the economic recovery and the outlook for rates.

Read more...