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AUD advances against the USD: ASX poised to open higher
30 Nov 2020 - The ASX looks set to open higher this morning as shares on Wall Street ended their week up. The Aussie dollar advanced and now sits just under 0.74 US dollars. Dr. Anthony Fauci, the top infectious disease expert in the US, said yesterday that the States is heading into a difficult period of the coronavirus pandemic. He said current restrictions will be necessary for the Christmas holiday season. Synlait Milk (ASX:SM1) is pleased to announce that its NZ$20 million share purchase plan has closed oversubscribed.

Chinese tariffs threaten to drown Australian wine exports: Aus shares up 0.9% over week
27 Nov 2020 - After opening modestly lower, the ASX200 lost ground throughout the day to close 0.5 per cent lower. All of the sectors ended in the red, except Real Estate Investment Trusts. Australia’s wine industry was dealt a blow today. The Chinese Government announced new tariffs-like deposits of up to 200 per cent on all Australian wine imports from tomorrow. Treasury Wine Estates (ASX:TWE) requested a trading halt this afternoon after its shares plunged on the back of this decision.

Bega raises $284M: Aus shares 0.4% lower at noon
27 Nov 2020 - The Australian share market opened slightly lower and has made a modest decline in the first 2 hours of trade. Energy stocks are dragging on the market. Most of the sectors are trading in the red. Shares in Bega Cheese (ASX:BGA) have rallied this morning, after it successfully raised $284 million, via the institutional component of its 1 to 4.5 pro rata entitlement offer, and its underwritten institutional placement.

GetSwift (ASX:GSW) Federal Court hearing today: Aus shares to open modestly lower
27 Nov 2020 - Australian shares are set to open slightly lower, following a quiet night of international trade due to the closure of US markets for the Thanksgiving holiday and UK markets ending relatively flat. The Federal Court of Australia will hold a second hearing at 11am today, for the proposed scheme of arrangement between logistics software company GetSwift (ASX:GSW) and its shareholders.

Financial sector weighs on the market: ASX closed 0.7% lower
26 Nov 2020 - The ASX opened lower this morning and failure to gain moment closing 0.7% lower. Technology One Limited (ASX:TNE) was the best performing stock. Meanwhile, shares in Virgin Money UK (ASX:VUK) have dropped over 11 per cent after the withdrawal of financial targets planned for 2022.

September quarter capex falls 3%: ASX tracking 0.1% lower at noon
26 Nov 2020 - The ASX opened lower and is now tracking 0.1% lower at noon. Harvey Norman (ASX:HVN) shares have shot up after reporting a 160.1% increase in profit before tax between July 1 and October 31. Meanwhile, shares in Virgin Money UK (ASX:VUK) have dropped after they withdrew their finance year 2022 targets.

Global rally paused: ASX poised to open lower
26 Nov 2020 - The ASX looks set to open lower this morning as the global rally slows. Vaccine hopes had bolstered markets over the past week. More than 60 million cases of coronavirus have been recorded worldwide since the pandemic began — with 30,000 more expected to die in the US by Christmas. Oil prices lifted overnight against a weakening US dollar and a surprise decline in US crude stocks. Jumbo Interactive (ASX:JIN) secures gambling commission software licence approval in Great Britain.

Global recovery hopes boost markets: ASX closes 0.6% higher
25 Nov 2020 - The ASX pulled back on some of its Covid losses and managed to close 0.6% higher. Shares in Whitehaven Coal (ASX:WHC) went up over 10% today. Zip Co (ASX:Z1P) shares fell lower. As for the sectors, Energy led the day and Infotech fell lower.

Construction work falls 2.6% in Sept quarter: ASX tracking 0.8% higher at noon
25 Nov 2020 - The ASX rose at the open and is now tracking 0.8% higher at noon. Shares in Whitehaven Coal (ASX:WHC) are doing well today meanwhile shares in Mesoblast (ASX:MSB) have dropped over 5% after a rally earlier this week. Harvey Norman (ASX:HVN) has reported a 160.1% increase in profit before tax between July 1 and October 31.

Dow hits record high: ASX set to open higher this morning
25 Nov 2020 -The ASX looks set to open higher this morning as the Dow rallied yesterday hitting a record high at 30,000 points. Oil has surged to an eight-month high overnight. Tesla shares closed up after the company surpassed a $500 billion market cap yesterday. Fisher & Paykel Healthcare Corporation Limited (ASX:FPH) today announced its results for the first half of the 2021 financial year, reporting net profit after tax was up 86%.