Author - Sequoia Direct
19Aug

Wisetech Global (ASX:WTC) shares shoot up on their results: ASX tracking almost 1% higher at noon

19 Aug 2020 - Things are currently looking bright on the Australian share market. It shot up at the open and is now tracking almost 1 per cent higher at noon. The tech sector is currently doing well as is healthcare. Wisetech Global (ASX:ASX:WTC) shares saw a huge leap this morning after reporting a almost 200 per cent rise in their NPAT over the year. Shares in Resolute Mining (ASX:RSG) didn’t fare so well.

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19Aug

US consumers spend $211 billion in online shopping boost: ASX poised to open lower

19 Aug 2020 - The ASX looks set to open slightly lower this morning after US stock futures were flat in overnight trading. The S&P 500 hit its highest level ever, a huge come back after the coronavirus losses. The US reports that e-commerce sales grew more than 30% between the first and second quarter of 2020, that's according to the US Department of Commerce. Consumers spent $211.5 billion online during the second quarter. Michael Hill International (ASX:MHJ) profits...

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18Aug

RBA confirms severe economic downturn: Aus shares close 0.8% higher

18 Aug 2020 - The Australian share market rose at the open and closed 0.8 per cent higher. The Reserve Bank of Australia confirmed the economic downturn in Australia was the most severe in many decades, and staff estimates suggested a decline in GDP of around 7 per cent and a contraction in hours worked of around 10 per cent. That’s according to minutes released from the recent meeting.

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