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26Mar

Household wealth up 3.3% in the December quarter: ASX tracking 0.6% higher at noon

26 Mar 2020 - The ASX shot up at the open and is now tracking 0.6% higher at noon. Shares in The Star Entertainment Group (ASX:SGR) are on the rise after reporting yesterday that they will temporarily stand down over 90% of their approximately 9,000 employees. MedAdvisor (ASX:MDR) is fast-tracking the rollout of Phase 1 of its delivery service to help deliver much-needed medications to patients during the COVID-19 pandemic.

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26Mar

US stimulus package cause markets to rise for a second day: ASX set to open high

26 Mar 2020 - As the US markets pared their gains, the ASX looks set to open higher this morning. The Dow has jumped in the last two days as the White House and congressional leaders said they had agreed to a $2 trillion stimulus bill to combat the economic slowdown from the coronavirus pandemic. Equities advanced in Europe and on the commodities front, oil has up slightly and gold has dropped over $25. New Zealand electricity company Mercury’s...

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25Mar

Market lifts on US stimulus agreed of $US2 trillion: ASX closed 5.5% higher

25 Mar 2020 - It has been a positive day of trade for the ASX after rising at the open it managed to stay in positive territory closing 5.5% higher. Qantas (ASX:QAN) shares rose after securing $1.5 billion in debt funding. New Zealand sanitiser manufacturer Zoono Group (ASX:ZNO) has entered into an Exclusive Distribution Agreement with Al Rabban Capital for the distribution in the Middle East and North Africa.

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25Mar

Qantas secures $1.5b in debt funding: ASX tracking 3.5% higher at noon

25 Mar 2020 - The ASX shot up at the open and is now tracking 3.5% higher at noon. Prime Minister Scott Morrison announced that a COVID-19 coordination commission has been established, which will be headed up by former Fortescue Metals Group chief executive Neville Power. The Qantas Group (ASX:QAN) has completed a new round of debt funding, securing $1.05 billion in additional liquidity.

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25Mar

The Dow jumps up on hopes of coronavirus stimulus package: ASX poised to open higher

25 Mar 2020 - The ASX looks set to open higher. The Dow rebounded more than 11% in its best day since 1933. The rise comes as US Congress battles out a coronavirus stimulus deal. Meanwhile, US President Donald Trump says he wants to reopen the US economy by Easter. Back home economists report that we could see house prices plummet by 20%. Fletcher Building (ASX:FBU) says there has been no material disruption to our manufacturing, distribution, residential...

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24Mar

UK in ‘lockdown’ due to national emergency: ASX poised to open higher

24 Mar 2020 - The ASX looks set to open higher despite Wall Street's slide deepening yesterday as coronavirus forced more US states into lockdown. Over in the UK Prime Minister Boris Johnson has just announced a ban in the UK on people leaving their homes except for food, medical treatment, daily exercise or travel to 'essential' work. Michael Hill International (ASX:MHJ) has closed its stores indefinitely.

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23Mar

Market shows signs of recovery after fresh 8-year lows: Aus shares close 5.6% lower

23 Mar 2020 - An aggressive sell-off on the Australian market this morning forced the market to fresh 8-year lows today as investors feared the impact of extensive business shutdowns. The market showed signs of recovery over the afternoon but still closed 5.6% lower. Credit Suisse has more than halved its 2-month price target for Air New Zealand (ASX:AIZ) from NZ$2.00 to NZ$0.95.

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23Mar

PMs shut down mandate rocks market: Aus shares 8.2% lower at noon

23 Mar 2020 - The Australian market has tumbled 8.2 per cent over the morning as investors come to terms with Prime Minister Scott Morrison’s announcement that from midday today, tough new ‘stage one’ restrictions are in place. The sinking oil price is having widespread impacts on the market so much so that Freedom Oil and Gas (ASX:FDM) has entered voluntary administration.

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