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07Jul

Official cash rate steady at 0.25%: ASX closed 0.03% lower

07 Jul 2020 - After a massive leap upwards at the open, the ASX took a small dip around lunchtime and the local bourse managed to close 0.03% lower. The materials sector is doing well today with shares in St Barbara (ASX:SBM) and Gold Road Resources (ASX:GOR) all seeing a rise. Shares in Ooh!Media (ASX:OML) meanwhile took a dip. Sequoia Financial Group (ASX:SEQ) has entered into a Purchase of Assets Agreement with Total Cover Australia (TCA), via the Company’s...

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07Jul

FIRB approves Iberdrola’s takeover offer for Infigen: Aus shares 0.1% higher at noon

07 Jul 2020 - The Australian share market shot up at the open and is now tracking 0.1 per cent higher at noon. The materials sector is doing well today with shares in St Barbara (ASX:SBM), Fortescue Metals Group (ASX:FMG) and Gold Road Resources (ASX:GOR) all seeing a rise. Shares in New Hope Corporation (ASX:NHC) and Mesoblast (ASX:MSB) meanwhile took a dip. Iberdrola's take-over offer for renewables company Infigen (ASX:IFN) has been given approval from the Foreign Investment Review...

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07Jul

FIRB approves Iberdrola’s takeover offer for Infigen: Aus shares 0.1% higher at noon

07 Jul 2020 - The Australian share market shot up at the open and is now tracking 0.1 per cent higher at noon. The materials sector is doing well today with shares in St Barbara (ASX:SBM), Fortescue Metals Group (ASX:FMG) and Gold Road Resources (ASX:GOR) all seeing a rise. Shares in New Hope Corporation (ASX:NHC) and Mesoblast (ASX:MSB) meanwhile took a dip. Iberdrola's take-over offer for renewables company Infigen (ASX:IFN) has been given approval from the Foreign Investment Review...

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07Jul

Broad rally on US markets, China up: ASX poised to open higher

07 Jul 2020 - Following a wide-ranged rally from US markets overnight, the ASX looks set to open higher this morning, despite the coronavirus continuing to hit the United States. White House health advisor Dr. Anthony Fauci says that the resurgence of cases in the states are an extension of the outbreak first reported earlier this year, not a second wave. Pinnacle Investment Management Group (ASX:PNI) is pleased to advise that five affiliates have earned performance fees for the...

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06Jul

Local shares tipped to slip: Virus concerns persist

06 Jul 2020 - The local sharemarket looks set to start the new week lower following weak leads from European markets. Wall Street was closed for the Independence day holiday on Friday but finished a shortened week strongly on Thursday with stocks rising after than a better-than-expected jobs report. Thursday’s gains led to strong weekly performances for the major averages. The Dow rose 3.3 per cent last week and the S&P 500 climbed 4 per cent. Both the Dow...

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03Jul

Tech stocks lift market: Aus shares gain 2.5% over week

03 Jul 2020 - The Australian share market opened higher this morning following positive leads from offshore markets. It fell mid-session and tracked sideways for most of the afternoon to close 0.4 per cent higher. Over the week, the market has gained 154 points or 2.5 per cent. According to the latest Australian Bureau of Statistics retail trade figures, Australian retail turnover jumped 16.9 per cent in May (seasonally adjusted).

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03Jul

Cann (ASX:CAN) secures government funding for medicinal cannabis facility: Aus shares 0.6% higher at noon

03 Jul 2020 - The Australian share market opened higher and is tracking 0.6% higher at noon, buoyed by a strong performance from the Healthcare sector which is up around 1.9 per cent, and some positive retail turnover figures. Medical cannabis supplier, Cann Group (ASX:CAN) has been awarded a grant for up to $1.975 million under the Regional Jobs Fund established by the Victorian Government.

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03Jul

Lovisa (ASX:LOV) to exit Spanish Market: Aus shares to open higher on US job data

03 Jul 2020 - Australian shares are set to rise at the open following gains on Wall Street overnight. Better than expected US job data bolstered equities. The US economy added 4.8 million jobs in June, pushing the unemployment rate to 11.1 per cent, down from 13.3 per cent in May. Gold has advanced and the Australian dollar is edging higher. The board of Lovisa Holdings (ASX:LOV) has decided to exit the Spanish market.

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