Author - Sequoia Direct
24Nov

Boost on news of third potential Covid vaccine release: ASX poised to open higher

24 Nov 2020 - The ASX looks set to open higher this morning after news of a third potential Covid-19 vaccine. AstraZeneca is the latest major drug-maker to announce its results, meanwhile the US health regulator is expected to approve Pfizer's vaccine for distribution in mid-December. The national lockdown in England will be lifted on December 2nd. And President-elect Joe Biden has reportedly picked Janet Yellen to head the Treasury Department. Fleetwood Corporation Limited (ASX:FWD) has completed their name...

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23Nov

Lynas (ASX:LYC) shares hit a 7-year high: ASX closes 0.3% higher

23 Nov 2020 - It has been a positive day of trade for the ASX. The local bourse managed to close 0.3% higher. Shares in Lynas Corp (ASX:LYC) hit a seven year high. Shares in Insurance Australia Group (ASX:IAG) dropped today despite the company successfully completing a $650 million institutional placement. Next Science (ASX:NXS) reports that 3M have agreed to not renew 3M’s distribution agreement for BlastX.

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23Nov

South Australia’s tough Covid restrictions ease: ASX set to open higher

23 Nov 2020 - The ASX looks set to open higher this morning as South Australia’s harsh lockdown restrictions ease. The World Trade Organisation reported on Friday that global trade in goods had rebounded in the third quarter from Covid-19 lockdowns, but predicted a slowdown at the end of 2020. President-elect Joe Biden has promised to rejoin the Iran nuclear agreement if Iran abides by the deal. The Board of Smartpay (ASX:SMP) has made some executive changes.

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20Nov

Moody’s slashes Crown’s credit rating: Aus shares gain 2.1% over week

20 Nov 2020 - The ASX200 ended the day 0.1 per cent lower due to a late session slump. The Healthcare sector led the day driven by a strong performance from Mesoblast (ASX:MSB). At the closing bell the S&P/ASX 200 index closed 8 points lower to finish at 6,539. Moody’s has slashed Crown Resorts (ASX:CWN) credit rating from Baa2 to Baa3, and warns that it will continue to review the rating and may issue a further downgrade.

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