Author - Sequoia Direct

November jobless rate fell to 6.8%: ASX closes 1.2% higher

17 Dec 2020 - It was a positive day of trade for the ASX. It continued to climb throughout the day, ending 1.2% higher. Shares in Netwealth (ASX:NWL) performed well today while Whitehaven Coal (ASX:WHL) did not fare well, despite upgrading its Winchester South Project metallurgical coal mine JORC Resource. All of the sectors closed in the black.

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WTO to consider China’s barley tariffs: ASX poised to open higher

17 Dec 2020 - The ASX looks set to open higher this morning as the US raises its economic outlook slightly. Negotiators in the US Congress are close to agreeing a US$900 billion Covid-19 stimulus bill. Australia launched a formal appeal to the World Trade Organization looking for a review of China's decision to impose large tariffs on imports of Australian barley. And Bitcoin is back in the news as it breaks above US$20,000 for the first time in...

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Best session in two weeks: ASX closed 0.7% higher

16 Dec 2020 - The sharemarket has had a good session today. The S&P/ASX200 rose 48 points or 0.7 per cent higher to 6,679.Shares in Resolute Mining (ASX:RSG) did well today after announcing the sale of the Bibiani Gold Mine for US$105 million in cash. Shares in Service Stream (ASX:SSM) fell today after announcing they have just secured a significant long-term agreement with the nbn.

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