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News
Coronavirus effect: Virgin Atlantic’s bankruptcy increases spotlight on airline stocks
August 05, 2020 11:00 PM AEST| By Team Kalkine MediaSummary Facing the Covid-19 crisis, Virgin Atlantic filed for bankruptcy after a month old announcement of securing £1.2 billion in funding. Despite higher cost and lower income, airlines need to invest in safety measures to check the spr.....
Goods exports to China are now nearly half of the total Australian Exports
August 05, 2020 10:10 PM AEST| By Team Kalkine MediaSummary Australian trade surplus rocketed to $8.2 billion in June 2020, driven by rising export of iron ore to China where surged steel production culminated in high iron ore demand. The robust trade statistics come at a time when severe .....
Prime Minister Scott Morrison’s Plan on Economic Recovery – 5 Aspects to be Looked at
August 05, 2020 09:45 PM AEST| By Edita IvancevicSummary A recent emergency state declared in Victoria put new challenges to the Australian health and economy. JobTrainer program is expected to create more jobs that will be needed in the future. Mr Morrison is planning to invest a lot of mon.....
Market Update: S&P/ASX200 Closed in Red on August 5, 2020: A Quick Look
August 05, 2020 08:48 PM AEST| By Team Kalkine MediaOn August 5, 2020, S&P/ASX200 ended the session in red as there was a fall of 0.60% to 6001.3 while All Ordinaries encountered a decline of 0.50% to 6135.9. On the same day, S&P/ASX 200 Materials (Sector) witnessed a rise of 0.69% to 14,568.0...
SUDA Closed Entitlement Offer Substantially Oversubscribed, Reported June 2020 Qtr Achievements
August 05, 2020 08:35 PM AEST| By Team Kalkine MediaSummary SUDA’s Entitlement Offer to raise ~$3.56 million has been strongly supported by its shareholders and closed substantially oversubscribed. The Company will now issue ~142.25 million shares and 47.4 million listed options in line wi.....
How increased spending support and cash rate at 0.25% would help the Australian economy
August 05, 2020 08:19 PM AEST| By Team Kalkine MediaThe Reserve Bank of Australia (RBA) kept the official cash rate at 0.25% for the fifth consecutive month and reaffirmed the target yield on 3-year Australian government bonds at 25 basis points in its latest monetary policy meeting held on 4 August.....
Stocks that closed higher: SBM, AMI, MSB, DCN
August 05, 2020 08:13 PM AEST| By Team Kalkine MediaSummary With the earnings season on, companies reporting better-than-expected results, or an impressive outlook are garnering investor attention which is getting reflected in the stock movement. ST Barbara reported an increase in gold productio.....
Robinhood Traders Responsible for Moves in Markets
August 05, 2020 07:57 PM AEST| By Team Kalkine MediaSummary Day trading has taken a leap in the wake of the pandemic, as retail investors have found making money easy and fast. At the heightened market volatility in March, there had been an addition of a large number of new traders. The stock ma.....
Coronavirus Vaccine - ‘Silver bullet’ OR NOT as per WHO
August 05, 2020 06:38 PM AEST| By Team Kalkine MediaSummary World Health Organization (WHO) stated that at the moment, there is ‘no silver bullet’ for COVID-19 and that could hold for the future as well. The international body advised all countries to precisely implement health .....
Gold Supply Disruptions and Paradigm Shift in Gold Miners’ Business Strategy
August 05, 2020 06:31 PM AEST| By Team Kalkine MediaSummary Gold is once again talk of the town with recent surge in gold spot to a record high of USD 2,031.07 per ounce, well above the much-awaited mark of USD 2,000 per ounce. Investors have embraced gold in 2020, leading to a gush in spot pric.....
Job losses Continue Unabated at Major British Companies
August 05, 2020 06:15 PM AEST| By Team Kalkine MediaThe spate of job losses in the United Kingdom is not showing any signs of abatement even after the lockdown has been opened in the past three months. Many major companies in the country have announced redundancies in the last month despite evidence.....
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Australian Banking Space Amidst Virus-Induced Volatility; Digitalisation Turning Over a New Leaf
August 05, 2020 06:09 PM AEST| By Team Kalkine MediaWith the emergence of COVID-19 pandemic, major Australian banks have drawn considerable attention for deferring/suspending their dividends, facing loan deferrals, and making capital provisions for potentially high credit losses in the challenging m.....
Jobs bouncing back in July but with a slower trajectory– Is your future secured?
August 05, 2020 03:14 PM AEST| By Team Kalkine MediaSummary Victoria declared ‘state of disaster’ and rise in the virus cases forced Melbourne and regional Victoria to enter stage 4 and stage 3 restrictions, respectively. Jobs continued to rebound in July, but its speed is relatively.....
NZ Legalising Cannabis: Is It Worth Rolling The Bill?
August 05, 2020 01:36 PM AEST| By Team Kalkine MediaUpcoming September voting on the Cannabis Legalisation and Control Bill to be introduced by the New Zealand Government will decide the fate of recreational cannabis in the nation. Will it be legal or continue to be illegal; shall be voted in one o.....
Podium Minerals All Set to Advance Growth Strategy at Parks Reef Project, Metallurgical Testwork Programme in Progress
August 05, 2020 12:40 PM AEST| By Team Kalkine MediaSummary Podium Minerals has commenced resource drilling to increase and enhance the existing Mineral Resources which stand at 1.14m oz of 3PGE plus 37,000t of copper. Drilling program aims to Define a continuous 6.1km long resource block over t.....
Remarkable Bonanza for Renascor with Shallow Gold Intercepts in Central Gawler Craton
August 05, 2020 11:44 AM AEST| By Team Kalkine MediaSummary Renascor at its wholly owned Carnding Project has identified multiple gold targets up to 16 g/t in Central Gawler Craton. Significant gold exploration and development activities are currently occurring near Renascor’s gold project.....
The TikTok Talk: Microsoft's Efforts around Pocketing a Big deal
August 05, 2020 12:00 AM AEST| By Team Kalkine MediaThere was a buzz in the market related to Microsoft buying Chinese technology company TikTok. On Sunday 2 August 2020, Microsoft confirmed the buzz that it had a discussion with the Chinese technology Company ByteDance concerning the acquisition of.....
Market Update: S&P/ASX200 Crossed 6000; APT Rose by 6.466%
August 04, 2020 10:14 PM AEST| By Team Kalkine MediaAt the close of trading session on 4th August 2020, the equity market of Australia settled in green. The benchmark index S&P/ASX200 went up by 111.5 points to 6037.6. Most of the sectors on ASX closed in green including S&P/ASX 200 Consumer S...
Policy rates remain unchanged, RBA expects 6% fall in GDP
August 04, 2020 10:02 PM AEST| By Kunal SawhneySummary The Reserve Bank of Australia has kept the cash rate unchanged in this policy meeting but intends to buy three-years bonds since yield is breaching its 25 basis points target. The Board has acknowledged the economic impact of the Victor.....
Expecting some strength: 5 Things you need to know about June trade balance and retail sales
August 04, 2020 08:17 PM AEST| By Team Kalkine MediaSummary The trade surplus of Australia swelled to $8.2 billion for the month of June, which is its 30th consecutive monthly trade surplus amid solid lift in exports by 3%. Inflation-adjusted retail sales fell 3.4% during June in volume terms, a.....
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