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10Aug

US job growth lifts confidence slightly: Aus shares to open in the green

10 Aug 2020 - Following mixed leads from Wall Street, the Australian share market looks set to start the week in the green. The greenback bounced on the back of better-than-expected US job growth. Charter Hall Long WALE REIT (ASX:CLW) reported a 72% rise in operating earnings to $121.9 million in its full-year results on Friday. Insurance Australia Group (ASX:IAG) delivered a net profit result of $435 million for FY2020, down 60% on the previous year.

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07Aug

RBA pessimism infects market: Aus shares rise 1.3% over week

07 Aug 2020 - The ASX dropped in early trade and tracked sideways for most of the afternoon despite gains on Wall Street overnight and strong prices for gold and iron ore. The Reserve Bank of Australia warns that the Australian economy will take longer to recover that previously anticipated. 4DMedical (ASX:4DX) floated today with an impressive bang. Eligibility requirements for the JobKeeper extension are being relaxed to make it easier for businesses and staff to qualify. The changes...

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07Aug

4DMedical (ASX:4DX) IPO soars: Aus shares 0.4% lower at noon

07 Aug 2020 - The Australian share market is down 0.4 per cent this morning after the Reserve Bank of Australia downgraded its forecasts for global GDP and Australian employment. Credit Suisse rates Centuria Office REIT (ASX:COF) as an Outperform, with a 12-month price target of $2.14. Worley (ASX:WOR) has been awarded a master construction services agreement by Corpus Christi Liquefaction LLC.

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07Aug

US markets rally on stimulus deal optimism: Aus shares to open lower

07 Aug 2020 - Australian shares are poised for modest losses at the open following an advance on Wall Street, fuelled by optimism that the officials will reach agreement on a fresh economic stimulus package. Pressure is mounting on the White House and congressional Democrats to strike a deal after employment figures released overnight showed that almost 1.2 million Americans had filed for unemployment. Back home in Australia, the federal cabinet's Expenditure Review Committee approved changes to the Jobkeeper...

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06Aug

Ventilator demand from Covid sees Resmed (ASX:RMD) rise: ASX closes 0.7% higher

06 Aug 2020 - It has been a positive day of trade for the ASX the local bourse managed to close 0.7% higher. Shares in Resmed (ASX:RMD) took a dip despite reporting a 54% increase in full year net income after fourth quarter earnings were boosted by pandemic demand for its ventilators. The Village Roadshow (ASX:VRL) is looking to raise a minimum of $35 million.

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06Aug

Shares in Resmed (ASX:RMD) take a dip: ASX tracking 0.7% higher at noon

06 Aug 2020 - The ASX shot up at the open and is now tracking 0.7 per cent higher at noon. Shares in Harvey Norman Holdings (ASX:HVN) are doing well today. Shares in Resmed (ASX:RMD) and the Scentre Group (ASX:SCG) have taken a dip. The Scentre Group (ASX:SCG) released a report today saying their earnings later this month are expected to report net operating cashflow after interest, overheads and tax "in excess" of $250m for the year to June....

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06Aug

Commodities boost sees market set to rise: ASX to open higher

06 Aug 2020 - The ASX looks set to open higher this morning thanks to gains in commodities and Wall Street closing higher overnight. Over in the UK, the Bank of England will announce its latest monetary policy decision before the opening bell today as they navigate a loosening of lockdown measures and crucial Brexit talks with the EU. Gold surged and oil prices recovered. ELMO Software (ASX:ELO) report strong growth in annualised recurring revenue of 19.7% for the...

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05Aug

Gold tops US$$2,023:Aus shares close 0.6% lower

05 Aug 2020 - The Australian share market has been flat all day after dropping at the open. The big banks fell today, while the miners kept afloat. On the commodities front, we’ve seen gold top a record at US$$2,028. Virgin Australia (ASX:VAH) announced plans to slim down staff to 6,000 when travel resumes, while cutting about 3,000 jobs to go to new owners Bain Capital. Telstra (ASX:TLS) has entered an agreement to sell its data centre in Clayton,...

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05Aug

Aus shares 0.9% lower at noon despite gold surge

05 Aug 2020 - The Australian share market dropped at the opening bell as expected and has faltered to an almost 1 per cent fall. This comes despite a surge in gold and a rally in the mining sector, but that isn’t enough to keep the markets in the green today. Village Roadshow (ASX:VRL) continues to negotiate with BGH Capital over its takeover deal, today extending the period for exclusive discussions for a fourth time. Smartpay’s (ASX:SMP) CEO and...

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05Aug

ASX set to dip despite Wall St gains

05 Aug 2020 - Wall Street ended on a high note with the Energy sector lifting. Apple is still tracking gains after its strong quarterly report last week. The US government stimulus package for coronavirus relief is still weighing in on investors. Woolworths (ASX:WOW) will shut its 22 BIG W stores in metropolitan Melbourne for six weeks as part of the Victorian Government’s forced closures of non-essential retail stories due to lockdown restrictions.

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