Since open the market has continued to rise and is currently up by 0.5 per cent, despite SPI futures predicting it would open lower.
On Monday the banking sector gained close to three per cent, and it's nearing one per cent on Tuesday. The ABS will release payroll data at 11:30 AEST.
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ASX likely to fall off the back of 'tough' reporting season | Sky News AustraliaIt is likely the ASX will drop in the aftermath of what is expected to be a tough reporting season, according to Shaw and Partners’ Adam Dawes. \n\nCompanies listed on the ASX will release their latest financial results from the end of July until the end of August.\n\nThe results are expected to show the economic consequences wrought by the novel coronavirus, which has devastated many businesses.\n\n“I do feel we are going to get some really hard numbers, so that might put some shocks into the financial system,” Mr Dawes told Sky News.\n\n“I do suspect our market will potential come off on the back of some of these results\n\n“We know the numbers are going to be bad, but it’s really about the outlook statements.\n\n“If those outlook statements are going to be pared back, or at the lower end, we are going to see a dip.\n\n“I think the market is a little fatigued and I think we will potentially see a fall in the market after the reporting season at the end of August.”\n This is expected. Essential service providers are less impacted however thousands of other companies, millions of small-medium businesses and Australians are heavily impacted. Who shall we recover it from? Who fabricated and unleased the virus? The Chinese communist party it is.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
McDonald's sues former CEO for alleged sexual affairs, ASX to open flat as US tech slipsAustralian shares are expected to begin their day steady after a mostly positive night on Wall Street, while McDonald's former chief executive Steve Easterbook is accused of covering up sexual misconduct with employees. A little too eager with his quarter pounder. We , as a society, should sue McDonald's for damage to our health. Alternatively, impose a health and environment tax on them!!
Source: abcnews - 🏆 5. / 83 Read more »
Australian shares rise despite miner fallThe ASX opens higher in morning trade, despite widespread declines across the resources sector. Is the miner ok? Eat the rich. You mean minor
Source: abcnews - 🏆 5. / 83 Read more »
ASX likely to fall off the back of 'tough' reporting season | Sky News AustraliaIt is likely the ASX will drop in the aftermath of what is expected to be a tough reporting season, according to Shaw and Partners’ Adam Dawes. \n\nCompanies listed on the ASX will release their latest financial results from the end of July until the end of August.\n\nThe results are expected to show the economic consequences wrought by the novel coronavirus, which has devastated many businesses.\n\n“I do feel we are going to get some really hard numbers, so that might put some shocks into the financial system,” Mr Dawes told Sky News.\n\n“I do suspect our market will potential come off on the back of some of these results\n\n“We know the numbers are going to be bad, but it’s really about the outlook statements.\n\n“If those outlook statements are going to be pared back, or at the lower end, we are going to see a dip.\n\n“I think the market is a little fatigued and I think we will potentially see a fall in the market after the reporting season at the end of August.”\n This is expected. Essential service providers are less impacted however thousands of other companies, millions of small-medium businesses and Australians are heavily impacted. Who shall we recover it from? Who fabricated and unleased the virus? The Chinese communist party it is.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Australia among world's highest coronavirus death rates in aged care sector | Sky News AustraliaThe rate of coronavirus deaths in Australia's aged care sector now ranks among the highest in the world, with at least 218 lives lost so far.\n\nFederal agencies reportedly failed to prepare despite warnings from overseas the elderly were most vulnerable to the disease.\n\nThe Royal Commission into Australia's aged care crisis heard the government had not implemented specific COVID-19 plans for the sector.\n\nIn Sydney, the two main nursing home outbreaks during the first wave - in Newmarch House and Dorothy Henderson Lodge - had not been investigated by regulators. \n\nThe aged care sector makes up almost 70 per cent of Australia's deaths during the pandemic. \n\nDespite 138 deaths across Victorian facilities since July, the commission is not investigating that state's aged care outbreaks. \n\n Federal funding cuts to aged care is the cause. Aged care is a federal responsibility but no criticism from the feral right because its not Dan Andrews. Media is the virus
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Australia needs Trump to win the election because 'we cannot face China alone' | Sky News AustraliaLiberal Senator James McGrath says Australia needs President Donald Trump to win the upcoming presidential election to help it stand up to China. \n\nMr McGrath said China was the “greatest threat to the rules-based order the world is seeing at the moment.”\n\nPresident Trump would be better at dealing with China than presidential candidate Joe Biden because he knows “when you deal with bullies … you don’t give them shoulder massages, you’ve got to stand up to them.” Mr McGrath told Sky news. \n\n“Biden isn’t a foreign affairs hawk, he’s like a foreign affairs budgerigar”\n\nMr McGrath said Australia needed to ensure there was a 'coalition of the willing” standing against China and required the help of a strong president in the White House. \n\nImage: Getty realDonaldTrump I agree. I’m not a fan of Trump. But Biden is a puppet of China when he was VP. He agrees with China and not intend to make China accountable and eventually national security will be at risk. JoeBiden realDonaldTrump lol. What a moron realDonaldTrump Why he would keep standing against C after the election?
Source: SkyNewsAust - 🏆 7. / 78 Read more »