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Reserve Bank rate decision due today: ASX poised to open lower

01 Sep 2020 – Following mixed trade in the US, the ASX looks set to start the month of September lower. September is not always the best month for stocks historically, and with the US election looming we could see some volatility this month. One company to excel during the corona period is Zoom – their shares rose as much as 25 per cent yesterday – they raised their full-year guidance significantly. TikTok has chosen a bidder for its businesses here, New Zealand and the US, and it could announce the deal as soon as today according to reports. Contact Energy (ASX:CEN) is now the 100% owner of Simply Energy.

Source: Finance News Network

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