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29Apr

Consumer Price Index rose 0.3% in the March 2020 quarter: ASX 1.1% higher at noon

29 Apr 2020 - The ASX shot up in mid morning trade and is now tracking almost 1.1% higher at noon. Shares in casino operator Crown Resorts (ASX:CWN) rose today after US company The Blackstone Group Inc. purchased a 10% stake in the company. Shares in supermarket Coles (ASX:COL) are down over 4% despite growing supermarket sales 13.8% in the March quarter. The Malaysian government has extended the Movement Control Order to 12 May 2020, delaying the restart of...

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29Apr

Starbucks shares take a dive despite sales in China improving: ASX set to open higher

29 Apr 2020 - Despite weak leads from US markets, the ASX looks set to open higher this morning. Starbucks Corp. shares fell yesterday after the company missed earnings expectations from the impact of the COVID-19 pandemic on sales. Technology stocks were the biggest drag on the US market yesterday. Back home, the Federal Government's stimulus payments are having a "profound impact" on Australia's households. Zenith Energy (ASX:ZEN) says its core business of supplying power to remote locations has...

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28Apr

Optimism grows as global economies look to reopen: ASX set to open higher

28 Apr 2020 - The ASX looks set to open higher as optimism grows that global economies are beginning to look to reopening following on from the coronavirus crisis. In the US Boeing plans to reopen its Dreamliner factory in early May. Back home we are set to see some easing of restrictions. Britain says it’s still too early to relax them there. Air New Zealand (ASX:AIZ) will begin the painful process of materially reducing its workforce as the...

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27Apr

The only sector to make losses today was the Financial sector: ASX closed 1.5% higher

27 Apr 2020 - After a rocky start it has been a mostly positive day of trade for the ASX, the local bourse managed to close 1.5% higher. Shares in Domain Holdings (ASX:DHG) closed over 18 per cent higher and AP Eagers (ASX:APE) also did well today. MedAdvisor (ASX:MDR) today announced that its telehealth and on-demand home delivery features are now live.

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27Apr

Victoria remains Australia’s strongest performing economy: ASX tracking 0.4% higher at noon

27 Apr 2020 - The ASX has been on a rollercoaster in the first few hours of trade rising and dipping to now be tracking almost 0.4% higher at noon. Ord Minnett rates Carsales.com (ASX:CAR) as an Upgrade to a Buy from a Hold. Seven West Media (ASX:SWM) released a statement tody in response to an ASX query concerning media speculation of an offer.

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27Apr

Italy to ease their coronavirus lockdown on May 4th: ASX poised to open higher

27 Apr 2020 - Following strong leads from US markets, the ASX looks set to open higher this morning. On Friday Trump injected $761b into small businesses and hospitals. US coronavirus cases rose 3.3 %, below the one-week average. Italy will ease its lockdown on May 4 after reporting the fewest deaths since mid-March. And the securities of National Australia Bank (ASX:NAB) will be placed in trading halt.

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24Apr

Credit Suisse downgrades JB Hi-Fi (ASX:JBH): Aus shares 0.3% higher at noon

24 Apr 2020 - The Australian share market opened flat following mixed leads from international markets. It has built momentum over the morning and is tracking 0.3 per cent higher at noon. All of the sectors are in the black this morning, except Consumer Staples. Nickel miner, Western Areas (ASX:WSA) has reiterated its full year cost and production guidance.

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