Author - Sequoia Direct

The Dow surges surges 450 points: ASX poised to open higher

03 Sep 2020 - Following a lift on US markets overnight, the ASX looks set to open higher this morning. The top infectious disease expert in the US, Dr. Anthony Fauci, says that the number of daily coronavirus cases in the United States is currently “unacceptably high.” The US is seeing roughly 40,000 new cases a day, but it needs to bring infections down to 10,000 or less per day, Fauci said. Meanwhile, the Trump administration says it will...

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Australia officially in recession: ASX closes 1.8% hgiher

02 Sep 2020 - It has been a positive day of trade for the ASX the local bourse managed to close 1.8% higher. As for the sectors today all were in the green. The Reserve Bank of Australian report a 7% fall in June quarter GDP – the biggest since records started in 1959. Australia is now officially in recession for the first time in 29 years. Lendlease (ASX:LLC) intends to purchase approximately 2,400,000 Lendlease securities on market for...

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Economic activity fell 7% in June quarter: ASX tracking 1.6% higher

02 Sep 2020 - The ASX is now tracking 1.6% higher. Shares in IOOF Holdings (ASX:IFL) dropped. They announced this morning that they had completed the institutional component of their capital raising to partly held fund the acquisition of NAB’s MLC. All sectors are in the green. Western Areas (ASX:WSA) is pleased to announce the maiden ore reserve for its AM6 deposit.

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