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23Mar

Restaurants, gyms and pubs to close under drastic new measures: ASX poised to open lower

23 Mar 2020 - The ASX recorded one of its worst month’s in history - it’s now set to open lower as the coronavirus continues to strike fear in investors. Last night Prime Minister Scott Morrison announced tough new 'stage one' restrictions, ordering pubs and licensed premises close for six months. AP Eagers (ASX:APE) have decided to reduce the amount of the fully franked final dividend from 22.5 cents per share to 11.25 cents per share.

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20Mar

Tech shares rise boosted by remote workers: ASX poised to open higher

20 Mar 2020 - The ASX looks set to open higher this morning as tech stocks rallied. Alphabet, Microsoft, and Facebook all slumped on Wednesday but with many in lockdown across the world due to the coronavirus crisis - remote, internet-based activity caused tech shares to rally yesterday. In the US bargain hunters grabbed Twitter stocks and Netflix - all up at least 5%. Nigel Greenwood is stepping down as Synlait Milk (ASX:SM1) Chief Financial Officer and will be...

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19Mar

RBA cuts cash rate to 0.25%: ASX closed 3.4% lower

19 Mar 2020 - The ASX extended it’s losses today closing 3.4% lower despite the RBA announcing a stimulus package. Super retail Group (ASX:SUL), shares took a real hit today dropping over 35%. The AUD continued to drop this afternoon now standing at below 56 cents against the USD. FINEOS Corporation (ASX:FCL) has signed a new software license agreement with the Executive Office of Labor and Workforce Development of the Commonwealth of Massachusetts.

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19Mar

Australia’s population grows by 1.5%: ASX 0.5% higher at noon

19 Mar 2020 - The ASX rose at the open and is now tracking 0.5% lower at noon. Travel companies are being hit hard with Flight Centre Travel Group (ASX:FLT) and Corporate Travel Management (ASX:CTD) seeing their shares fall. Credit Corp (ASX:CCP) shares saw a huge drop of almost 35 per cent. Gains were seen this morning in Rio Tinto (ASX:RIO) despite an earthquake near its Kennecott mine near Salt Lake City, in Utah in the US. Harvey Norman...

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19Mar

‘Circuit breaker’ tripped on Wall St for the 4th time this week: ASX poised to open lower

19 Mar 2020 - Following negative leads from US markets, the ASX looks set to open lower this morning. Panic selling continues in overseas markets. Stocks tumbled on Wall St on Wednesday, as the coronavirus crisis continues. The AUD continues to extend its losses against the USD falling as low as US57 cents overnight. As the COVID-19 outbreak continues, First Graphene (ASX:FGR) report that their Henderson facility continues to operate with recommended precautions.

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18Mar

The White House plan to inject $1 trillion into US economy: ASX poised for an uncertain open

18 Mar 2020 - The ASX could surprise us this morning. There is uncertainty as to which way it will open. On Wall Street investors were relieved that President Donald Trump is seeking a $1 trillion dollar package for the coronavirus fight. The Dow Jones Industrial Average ended more than 1000 points higher after yet another day of highs and lows. Kathmandu Holdings (ASX:KMD) report that travel and movement restrictions globally have impacted the Group’s European operations.

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