The ASX was trading 1.2 per cent lower, with all sectors in the red.
Investors are nervous about rising coronavirus cases and stimulus delays in the United States and the impacts those could have on the global economy.
wow, deliberately destroy the economy and you destroy the economy, who knew? wow! really just wow!
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Reality bites: Wall Street rocked as it confronts a painful truthSince March, the market has almost entirely ignored the coronavirus and its economic impacts. But it is becoming obvious that the pillars for its optimism are wobbling rather violently. The news are the most guilty of fear mongering world wide to create panic and a massive profit taking opportunity for the super wealthy controlling media. Weve seen it the last 6 months. Rinse and repeat, we need to stop reading news today. Its reached junk status Or maybe they are just worried Biden will win Have to be pretty fking stupid not to realise it’s one fat Fed induced bubble. Wall Street were bailed out in March and they want more.
Source: smh - 🏆 6. / 80 Read more »
ASX rises, as Coca-Cola Amatil receives $9.3b takeover bidAustralian shares rise in early trade, while Westpac announces a $1.2 billion hit to its cash earnings, and Coca-Cola European Partners makes a $9.3b offer to buy a majority stake in Amatil. Not surprising the European soft drink makers want Amatil, considering the progress that the anti sugar drinks lobby in the EU has made in the last decade. Australian Govts are so behind the ball that I guess they reckon they can make a killing before we finally catch up.
Source: abcnews - 🏆 5. / 83 Read more »
ASX to drop, Dow Jones falls 650 points on surging COVID-19 infectionsAustralian shares are expected to fall sharply, after the Dow Jones suffered its worst day in seven weeks amid a record spike in COVID-19 cases. You said that last week and it went up...
Source: abcnews - 🏆 5. / 83 Read more »
Daniel Andrews is turning Lygon Street into an ‘archaeological dig’ | Sky News AustraliaFormer deputy prime minister Barnaby Joyce says he’s “given up on Mr (Daniel) Andrews” and derided the premier’s apparent decision to drive for zero COVID risk.\n\n“We’ve got the Melbourne Cup which nobody’s going to, we’ve got Lygon Street which is about to become an archaeological dig, we’ve got people going broke,” Mr Joyce told Sky News.\n\nMr Joyce said the Andrews government’s current plan or trajectory is “an absurdity”, adding that he doesn’t know what the premier is trying to do.\n\n“You can’t drive for zero risk, you have to drive for minimal risk,” he said.\n\n“Mr Andrews you are driving your state's economy into the dirt.\n\n“It’s actually in the dirt, now it’s about you carting it around, dragging it around like a dead cat.\n\n“There’s a cog missing somewhere.”\n\n Barnaby_Joyce DanielAndrewsMP Given up on Daniel Andrews? Has he given up on only his big mouth to speak gibberish, and involving himself in numerous scandals? Barnaby_Joyce DanielAndrewsMP Also Trumpian Barnaby: Barnaby_Joyce DanielAndrewsMP Time for a MurdochRoyalCommission update I think - 389,619 signatures. Nobody cares what Barnaby_Joyce thinks by the way.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Spain declares six-month state of emergency | Sky News AustraliaThe Spanish government has declared a six-month state of emergency which will remain in force until the beginning of May next year. \n\nThe move will allow regional areas to impose overnight curfews between 11pm and 6am – with an hour flexibility on each side. \n\nSpain was the first western European country to report more than a million infections – making the announcement last week. \n\n\n Quick! Someone get Peta Credlin and her expert epidemiology knowledge on the case! I suppose that’s Dan’s fault rachelbaxendale WhatstheissueRachel TimSmithMP Would you like to live in Spain instead of Victoria? If not, leave Daniel Andrews alone. IStandWithDan WeAllStandWithDan DonutDay ThisIsNotJournalism FactsNotOpinions
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Victoria records consecutive days of zero cases, deaths | Sky News AustraliaVictoria has recorded its second consecutive day of zero new coronavirus cases and zero fatalities. \n\nMetropolitan Melbourne’s 14-day rolling average has dropped to 2.8, well below Premier Daniel Andrews’ threshold to ease restrictions. \n\nThe average for cases with an unknown source remains just above the five case threshold at six. \n NoBeersForNewsCorp Good, Now Worksafe need to put Daniel Andrews and Brett Sutton in Jail for manslaughter! Terrible for News employees, great for Australia.
Source: SkyNewsAust - 🏆 7. / 78 Read more »