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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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20Nov

Over 1M new Covid cases in US over week: Aus shares to open higher

20 Nov 2020 - The Australian futures market is pointing to a rise at the open of trade, following a late session rally on Wall Street. US markets managed to edge higher despite an unexpected rise in weekly jobless claims and a surge in Coronavirus cases. New Zealand telecom company, Chorus (ASX:CNU) is offering up to NZ$200 million worth of bonds.

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19Nov

Market claws back on bank rally: ASX closes 0.3% higher

19 Nov 2020 - After a shaky start the ASX closed 0.3% higher today. Shares in ALS (ASX:ALQ) did well after reporting strong second quarter performance. Shares in Elders (ASX:ELD) dropped over 11%. 5G Networks (ASX:5GN) has acquired the Brisbane Data Centre in Fortitude Valley.

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19Nov

Unemployment rate increased to 7% in October: ASX now tracking 0.3% lower at noon

19Nov 2020 - The ASX now tracking 0.3% lower at noon. Shares in Bluescope Steel (ASX:BSL) and Virgin Money (ASX:VUK) both did well today. United Malt Group (ASX:UMG) shares are down after reporting yesterday that their revenue was down 2% on volume decline in the 2H. And Starpharma (ASX:SPL) has completed additional testing on its nasal spray for use against a common and contagious virus,

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19Nov

Extreme lockdown begins for South Australia: ASX poised to open lower

19 Nov 2020 - The ASX looks set to fall at the open this morning. The Dow saw a second day of losses. South Australia’s six-day restrictions have now come into force after a new and highly-infectious strain of coronavirus was brought in from the UK. All schools and construction sites have been closed and people must wear masks outside. Oil Search (ASX:OSH) has increased resources within their Alaskan portfolio.

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18Nov

Financial sector boosts market: ASX closes 0.5% higher

18 Nov 2020 - It has been a positive day of trade for the Australian share market. The local bourse managed to close 0.5% higher. Financials was the sector that performed the best today with Commbank (ASX:CBA) leading the gains. Dexus (ASX:DXS) has conditionally exchanged contracts to sell a 50% interest in Grosvenor Place, Sydney.

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18Nov

Wage growth slips to record lows: ASX tracking 0.4% higher at noon

18 Nov 2020 - The ASX rose at the open and is now tracking 0.4% higher at noon. Shares in Unibail-Rodamco-Westfield (ASX:URW) are continuing to do well but shares in the A2 Milk Company (ASX:A2M) slip after they maintained its lowered September guidance. Decmil Group Limited (ASX:DCG) been awarded approximately $51 million in works as part of the balance of plant contract at the Ryan Corner Windfarm in Victoria.

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18Nov

Fresh coronavirus fears hit global markets: ASX poised to open higher

18 Nov 2020 - The ASX looks set to open higher this morning despite fresh lockdowns and restrictions as Covid-19 infections rise in some countries. NSW residents are now being advised to delay non-essential travel to South Australia, following a Covid-19 outbreak in the state. Perpetual Limited (ASX:PPT) has successfully completed its acquisition of a 75% interest in US-based investment management business, Barrow, Hanley, Mewhinney & Strauss.

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