Author - Craig Foley

Market’s worst session since GFC: Aus shares close 7.3% lower

09 Mar 2020 - The Australian share market haemorrhaged value today in what was its worse session since the global financial crisis. At the closing bell, the S&P/ASX 200 index closed 456 points or 7.3 per cent lower to finish at 5,761. Over the day, the market wiped out more than $137 billion dollars in value.

Read more...

Air New Zealand lowers guidance on coronavirus impact: ASX poised to open lower

09 Mar 2020 - All major US stock indexes slipped late last week as new coronavirus deaths in the US intensified fears of the outbreak dragging on economic activity. An economic stimulus package from the Federal Government is expected later this week. On the commodities front, oil has lost and gold is up. Air New Zealand (ASX:AIZ) has today announced that it will be withdrawing the full year 2020 earnings guidance.

Read more...