Monthly Archives - May 2020

Trump looks to relaunch trade battle with China: ASX poised to open lower

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.

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Treasury (ASX:TWE) faces another class action: Aus market sheds 5.01%

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).

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Ingenia raises $150 million (ASX:INA): Aus shares 3.9% lower at noon

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.

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