04 May 2020 - The Australian share market closed 1.4 per cent higher. Almost three quarters of Australian businesses (72%) reported that reduced cash flow is expected to have an adverse impact on business over the next two months.
04 May 2020 - The Australian share market opened lower this morning following continued US-China tensions and is now trading 0.3 per cent higher at noon. Lynas Corporation (ASX:LYC) has restarted its Lynas Malaysia plant.
04 May 2020 - The ASX looks set to open lower this morning as tensions once again increase between China and the US. Trump has mentioned tariffs for China as a renewed trade war seems inevitable. Back home a busy week lies ahead with a RBA Board meeting and quarterly Statement on Monetary Policy. And Afterpay (ASX:APT) is pleased to welcome Tencent Holdings as a substantial shareholder of Afterpay.
01 May 2020 - Negative sentiment from US markets flowed through the Australian market today. It opened in in the red and saw a steady decline throughout the day, finishing 5% lower. Maurice Blackburn Lawyers has launched a shareholder class action law suit against Australia’s biggest wine company, Treasury Wine Estates (ASX:TWE).
01 May 2020 - The Australian share market opened lower following negative economic headwinds from the US and has continued to track lower in the first 2 hours of trade. All of the sectors are in the red, with Energy weighing heaviest on the market. Lifestyle and holiday communities provider, Ingenia Communities Group (ASX:INA) has successfully completed the institutional component of its $150 million placement.
01 May 2020 - Following weak leads from US markets, the Australian share market looks set to open lower. US consumer spending plunged by a record 7.5 per cent in March and another 3.8 million Americans filed for unemployment benefits last week. This news sparked a sell off on Wall Street. Medical diagnostic company, Sonic Healthcare (ASX:SHL) has secured a contract with the Australian Government for the provision of a dedicated pathology service. Packaging solution provider, Orora (ASX:ORA) has...
30 Apr 2020 - The Australian share market rose at the and continued to rally throughout the day, closing 2.4 per cent up at the end of trade.
30 Apr 2020 - The Australian share market opened higher this morning and is now trading 1.3 per cent higher at noon. Splitit (ASX:SPT) will raise $16 million to strengthen its balance sheet to accelerate high growth strategy.
30 Apr 2020 - The ASX looks set to open higher this morning. US markets ended higher as Trump says he wants the FDA to move “as quickly as they can” to approve the antiviral drug remdesivir as a treatment for the coronavirus. The AUD continues to rise against the USD and had an overnight peak of 65 cents. The ANZ (ASX:ANZ) today announced a Statutory Profit after tax for the Half Year ended 31 March 2020 of $1.55...
29 Apr 2020 - It has been a positive day of trade for the ASX the local bourse managed to close 1.5% higher. Shares in supermarket Coles (ASX:COL) are down despite growing supermarket sales in the March quarter. The Australian dollar saw a rally today. Dicker Data (ASX:DDR) released their first quarter 2020 results today showing net profit climbed 36.3% to $18.4 million.
