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22Jul

Retail turnover rose 2.4% in June thanks to cafes and restaurants: ASX is tracking 1.3% lower at noon

22 Jul 2020 - The ASX dropped at the open and is now tracking 1.3% lower at noon. Shares in Resolute Mining (ASX:RSG) are doing well today after reporting a 64% increase in Syama Underground gold. Meanwhile shares in Mesoblast (ASX:MSB) have dropped. As for the sectors today, leading the pack is Energy, the only sector in the green. Healthcare is falling behind. Health club Viva Leisure (ASX:VVA) are set to acquire Australian Fitness Management.

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22Jul

AUD hits 12-month high against the USD: ASX poised to open lower

22 Jul 2020 - Following a mixed response from US markets overnight, the ASX looks set to open lower this morning. The Australian dollar has pulled back from daily lows to rise over 71 cents to the US dollar. US President Donald Trump has warned the US that the coronavirus pandemic will probably 'get worse before it gets better'. Meridian Energy (ASX:MEZ) report that for the month national hydro storage decreased from 103 per cent to 75% of historical...

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21Jul

JobKeeper and JobSeeker extended at lower rates: Aus shares close 2.6% higher

21 Jul 2020 - The Australian share market rose at the open and continued to rally throughout the day closing 2.6 per cent up at the end of trade. JobKeeper payments have been extended until March 2021 although both JobKeeper and JobSeeker wages will be reduced after September. Dreamworld's parent company Ardent Leisure (ASX:ALG) has been charged over the 2016 Thunder River Rapids Ride tragedy that killed four people.

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21Jul

The Morrison government to keep JobKeeper til March: ASX tracking 1.2% higher at noon

21 Jul 2020 - The ASX rallied on the news the government will extend its Jobkeeper allowance until at the end of September to $1200 a fortnight for full-time workers and to $750 for part-time workers, down from the current single rate of $1500. The scheme is being extended until March 28 next year. The local bourse is tracking 1.2 per cent higher at noon.

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21Jul

JobKeeper and JobSeeker set for another six months: ASX poised to open higher

21 Jul 2020 - The ASX looks set to open higher this morning following vaccine hopes. The Morrison government is set to continue the JobKeeper and JobSeeker emergency payments for another six months, but both will be at a reduced rate. Global banks look to expand to Taiwan as they look to move away from Hong Kong. Respiri (ASX:RSH) has executed a merchant services agreement with Zip Money Payments, a wholly owned subsidiary of Zip Co Limited (ASX:Z1P).

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20Jul

Second Covid cluster grows in NSW: ASX poised to open slightly higher

20 Jul 2020 - Following mixed results on US markets overnight, the ASX looks set to open slightly higher this morning. NSW reported 18 new Covid-19 cases yesterday. Tighter restrictions loom with Victoria recording 363 new cases yesterday and no clear sign that numbers are decreasing. Civmec (ASX:AJM) announced its subsidiary Civmec Construction & Engineering has lodged a writ and statement of claim against Altura Lithium Operations.

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17Jul

Cedar Woods (ASX:CWP) forecasts 50%+ drop in profit: Aus shares gain 1.9% over the week

17 Jul 2020 - The Australian share market rose in early trade, slumped mid-session as the reintroduction of some pandemic restrictions weighed on the market, then jumped in the last half an hour of trade to close 0.4 per cent higher. Over the week, the market has gained 114 points or 1.9 per cent. Cedar Woods Properties (ASX:CWP) forecasts that its 2020 financial year net profit after tax is expected to be in the range of $20 to $21...

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