Author - Sequoia Direct

US, China ‘decouple’: European gains to lift ASX

08 Sep 2020 - Aussie shares are slated to open higher today, following bullish European gains. The US is considering striking China’s tech sector by imposing restrictions on exports to SMIC. Under-suspension iSignthis (ASX:ISX) has retaliated against the ASX with a damage claim worth $464.7 million.

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Seesaw session sees shares end 0.3% higher: banks and miners offset industrials drag

07 Sep 2020 - The Australian share market finished a seesaw session firmly higher after a late rally. Biotech giant CSL (ASX:CSL) closed 1 per cent higher after news the Federal Government will fund the company to help it manufacture a COVID-19 vaccine. The major banks and miners helped to offset losses in energy and industrials. Shares slipped to one month lows at the open but clawed back to finish up 19 points or 0.3 per cent higher at...

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Aus shares rebound: CSL pushes higher after news of government funding for COVID-19 vaccine

07 Sep 2020 - Australian shares are bouncing back from a dip at the open. CSL has risen almost 1 per cent on news of its COVID-19 supply deal with the Federal Government. BHP Group has risen 2.5 per cent and Rio Tinto is up almost 3 per cent. The S&P/ASX 200 index is 25 points up or 0.4 per cent higher at 5950. On the futures market the SPI is 33 points higher.

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Aus shares to open lower: tech slide continues

07 Sep 2020 - Local shares are expected to open lower this morning however the rate of losses is expected to be much more moderate than Friday’s retreat. The Victorian Government’s extension of its lockdown may lead to more domestic economic concerns as hundreds of businesses remain closed.

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