Author - Sequoia Direct

Big banks drop: Aus shares flat at noon

03 Aug 2020 - The Australian share market dropped sharply at the open mainly due to the big banks falling but has recovered with a rise in the health sector and is now tracking almost 0.1 per cent higher at noon. The Covid-19 restrictions in Victoria have hit travel companies including Qantas (ASX:QAN) and Flight Centre (ASX:FLT). However, Alliance Aviation (ASX:AQZ) shares are up after expanding its fleet. SEEK (ASX:SEK) will dump its final dividend in an effort to...

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US stimulus talks linger: Aus shares to open flat

03 Aug 2020 - US stocks ended higher on Friday with major players in tech rallying, but the Australian share market looks set to open flat at the start of trade today, starting the week off on a quiet foot after closing 2 per cent lower at the closing bell on Friday and seeing a 1.6 per cent weekly loss. Bunnings Warehouse landlord BWP Trust (ASX:BWP) is scheduled to release its full-year results on Tuesday, and look out for...

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Mining stocks weigh on market: Aus market closes 1.6% lower over week

31 Jul 2020 - The Australian share market opened on shaky ground today following sour economic news in the US. The US Commerce Department announced overnight that US GDP dropped by a record 32.9 per cent (on an annualised basis) in the second quarter, the worst decline on record. The negative sentiment was contagious, with Aussie investors reversing positions today. We saw a broad-based pull back across all of the sectors, with mining losing nearly 3.1 per cent. Credit...

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RPMGlobal (ASX:RUL) completes Revolution acquisition: Aus shares 1.6% lower at noon

31 Jul 2020 - The Australian share market opened flat following a retreat on Wall Street overnight. The ASX has seen a steady decline over the first 2 hours of trade and is 0.2% lower at midday. The producer price index for the second quarter was better than expected. Victoria has recorded 627 new cases in the past 24 hours and eight deaths. Mining software solution company, RPMGlobal Holdings (ASX:RUL) has today confirmed the successful acquisition of Revolution Mining...

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