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04Aug

RBA holds rates: Aus shares close 1.9% higher

04 Aug 2020 - The local bourse managed to stay on a positive streak throughout the day after a strong start at the open, easing slightly through the afternoon ahead of the RBA's interest rate decision which remained unchanged amid the current climate. Wesfarmers (ASX:WES) has been forced to shut its Target and Kmart stores in the Melbourne metropolitan region during the stage four restrictions in Victoria due to Covid. Afterpay (ASX:APT) has raised $136 million from retail investors...

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04Aug

Retail resilient despite shutdowns: Aus shares 2.1% higher at noon

04 Aug 2020 - The ASX lifted at the opening bell, rising more than 2 per cent to above 6,000, fuelled by tech stocks and a lift in the major banks. All sectors are in the green, even though retail faces a tough term ahead as non-essential bricks-and-mortar stores are forced to shut down in Melbourne for at least six weeks. JB HI-FI (ASX:JBH) will temporarily close its bricks-and-mortar JB HI-FI and The Good Guys stores across metropolitan Melbourne...

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04Aug

Victorian businesses assess the imact of stage 4 restrictions: ASX set to leap higher

04 Aug 2020 - There was a strong tech rally in the US overnight pushing the ASX to leap upwards this morning. Overnight Apple Inc. set an all-time high and Microsoft Corp. shares gained despite being embroiled in controversy over the video app TikTok. President Donald Trump wants them to buy the Chinese-owned company in its entirety, and suggested the company should pay the US Treasury as part of the deal. Back home, Reliance Worldwide Corporation (ASX:RWC) is assessing...

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03Aug

Market flatlines amid tougher restrictions: Aus shares close flat

03 Aug 2020 - After a sharp decline this morning due to a slump in the big banks, the market recovered just before midday lifted by health care and gold producers but and flatlined until the closing bell. The market is unsettled amid stricter restrictions for South Australia announced this afternoon, which comes as more cases emerge, and as Victoria enters a tougher lockdown. Magellan Financial Group (ASX:MFG) announced it plans to consolidate its three core global equities trusts...

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03Aug

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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03Aug

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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31Jul

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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31Jul

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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30Jul

AUD rallies against the USD: ASX closed 0.7% higher

30 Jul 2020 - The Australian share market shot up at the open and closed 0.7 per cent higher. The Australian dollar has strengthened against the US greenback reaching well over 70 cents. Gold is rallying. As for the sectors, Infotech led the day. Nufarm (ASX:NUF) is please to report Canadian regulatory authorities have approved Nufarm's propriety Nuseed Omega-3 Canola.

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