07 Sep 2020 - Local shares are expected to open lower this morning however the rate of losses is expected to be much more moderate than Friday’s retreat. The Victorian Government’s extension of its lockdown may lead to more domestic economic concerns as hundreds of businesses remain closed.
04 Sep 2020 - The Australian share market plunged in early trade, dragged down by Aussie tech stocks and tracked sideways for most of the day to finish 3.1 per cent lower. Tech stocks shed 5.6 per cent today and every sector lost 1.7 per cent or more. Meanwhile, iron ore continues to trade at 6-year highs. Macquarie expects vehicle leasing and salary packaging company, Eclipx Group (ASX:ECX) to outperform, assigning it a 12 month price target of $1.70.
04 Sep 2020 - Plunging Aussie tech stocks have dragged the ASX 200 2.7% lower this morning. This followed a sharp decline in US tech stock on Wall Street overnight. All of the sectors are in the red this morning, with Information Technology dropping over 4%. 360 Capital Digital Infrastructure Fund (ASX:TDI) has agreed to take a $25 million stake in the Macquarie Infrastructure and Real Assets-led consortium.
04 Sep 2020 - The Australian share market is set to open lower after US stocks retreated overnight as profit taking pulled a handbrake on the bullish US tech rally. US benchmark indices pared losses in late trade, with tech stocks dragging on the market. WAM Capital (ASX:WAM) has made an off-market takeover offer for rival listed investment company Concentrated Leaders Fund (ASX:CLF).
03 Sep 2020 - The Australian share market shot up at the open following strong performance levels on Wall Street, especially record highs on the Nasdaq and S&P 500. Australia has recorded a $4.6 billion trade surplus for July, a drop of $3.5 billion. The big four banks all made gains of up to 2 per cent, as financials closed 1.3 per cent higher to keep the ASX in positive territory.
03 Sep 2020 - The Australian share market opened higher this morning and is now trading 1 per cent up at noon. Regis Recourses (ASX:RRL) has completed its acquisition of the Ben Hur Mineral Resource. Wisr (ASX:WZR) has launched a secured vehicle lending product.
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...
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...
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.
02 Sep 2020 - The ASX looks set to edge higher this morning after technology stocks boosted Wall Street ending another record-breaking session. Tesla’s shares saw a record rise yesterday, the company have now decided to sell up to $5 billion in stock. Still in the US, a group advising US health officials has predicted that four late-stage coronavirus vaccine trials backed by the United States could fail to provide positive results. The Gentrack Group (ASX:GTK) is pleased to...
