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13May

Annual wage growth slow pre-coronavirus restrictions: The ASX is tracking 0.9% lower

13 May 2020 - The ASX dropped at the open as investors evaluate the risk of opening up the economy. It is now tracking almost 0.9 per cent lower at noon. Pilbara Minerals (ASX:PLS) did well today as did shares in Mayne Pharma Group (ASX:MYX). All the sectors are in the red with the communication services are leading the pack. Biotech Mesoblast (ASX:MSB) has successfully completed a capital raising of $138 million.

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13May

Dr Fauci warns of ‘real risk’ if businesses open too soon: ASX poised to open lower

13 May 2020 - Following weak leads from US markets, the ASX looks set to open lower this morning. Wall Street saw stocks fall sharply yesterday after some recent strong gains. Investors are re-evaluating the latest attempts to open the economy. In America, Dr Anthony Fauci warned United States Congress there is a 'real risk' of outbreak if states reopen too soon. Spark New Zealand (ASX:SPK) welcomed the announcement of the direct allocation process of 5G spectrum.

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12May

Oil prices drop as Saudi cuts output: ASX poised to open lower

12 May 2020 - US markets saw rises in health and technology yesterday, but the ASX looks set to open lower this morning. The Dow Jones Industrial Average fell as the Nasdaq rose for a sixth straight day. Oil erased gains as Saudi Arabia plans to slash output. They plan to cut another 1 million barrels a day. SkyCity Entertainment Group (ASX:SKC) is set to welcome back staff and customers to their properties in New Zealand.

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11May

AngloGold Ashanti (ASX:AGG) suffers 4 fatalities in Q1: Aus shares close 1.3% higher

11 May 2020 - The Australian market rose today as state and territory leaders clarified plans to reopen the economy in their jurisdictions. It ended the day 1.3 per cent higher. The Energy sector was up just over 2 per cent after the oil price showed signs of recovery. The world’s third largest gold mining company, AngloGold Ashanti (ASX:AGG) recorded a solid operational and financial start to 2020 but with a high human toll.

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11May

iSignthis (ASX:ISX) loses the battle but continues to wage the war: Aus shares to open higher

11 May 2020 - Despite disturbing job data coming out of the US on Friday, investors showed a willingness to look beyond the short-term impacts of Covid-19. US stocks held onto their gains even after the news and pushed them higher in the last hour of trade. The Australian share market looks set to continue the gains, with futures pointing to a rise at the open. Managing Director of fintech giant, iSignthis (ASX:ISX), John Karantzis announced that the company...

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08May

Federal cabinet plans to ease covid restrictions: Aus shares close 0.5% higher

08 May 2020 - The Australian share market ended the day 0.5% per cent higher after the Federal government announced a plan to have most of the economy reopened by July. Each phase will be separated by a cooling-off period, to allow health experts to observe the impact of the changes on infection risk. Treasurer Josh Frydenberg today announced that the reforms recommended by the Banking Royal Commission will be delayed by six months to allow the banks to...

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08May

News Corp (ASX:NWS) reports $1.1B impairment: ASX200 up 0.7%

08 May 2020 - The Australian share market opened higher and is now tracking 0.7 per cent higher at noon. The Real Estate Invest Trust sector is leading the charge. All of the sectors, except for Health Care are on the rise this morning. Media giant, News Corporation (ASX:NWS) has reported a net loss of around $1 billion for the third quarter, a far cry from the $23 million income we saw in the third quarter of 2019. The...

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