13 July 2020
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5 things you need to know today

Switzer Daily
29 June 2020

1. Ahead of the Eden-Monaro by-election on July 4, record approval ratings for Scott Morrison have been shown.

2. Bullish Sydney-based healthcare company, Sonic Healthcare reinstated their earnings guidance last week and are pointing toward growth in the new financial year.

3. Australia's resources and energy forecasts have dropped by $30 billion in the 2021 financial year, as exports are down from a record high of $293 billion.

4. ZEET stock check-up: Zip Co was down 0.73% on Friday to 5.45, EML was down 1.46% to 3.38, ELMO was up 0.69% to 7.25 and Tyro was up 1.82% to 3.36.

5. Fears of a second wave of COVID-19 mean Australian shares are forecasted to plunge this morning. The Dow closed down 2.84% on Friday to 25,015.55. The S&P 500 was down 2.42% to 3,009.05 and Nasdaq was down 2.59% to 9,757.22.

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