Markets Live, Wednesday 1 July, 2020

Summary

  • The ASX 200 was flat at the open but soon picked up with a gain of 0.5%
  • Wall Street rose strongly overnight to cap one of its best quarters in history
  • Spot gold hit its highest in nearly 8 years at $US1,785.46 per ounce amid ongoing coronavirus concerns 
  • AMP has finalised the sale of its life insurance business to Resolution Life for $3 billion

Latest updates

Read the full wrap here. 

Rating changes

Rating changes, courtesy of Bloomberg

  • Aurizon (AZJ): Cut to Sell at Morningstar
  • Calix (CXL): Rated New Buy at Canaccord; PT $1.04
  • Centaurus Metals (CTM): Rated New Buy at Sprott Capital Partners
  • Collins Foods (CKF): Raised to Buy at Canaccord; PT $9.75
  • IOOF Holdings (IFL): Cut to Sell at Bell Potter; PT $4.30
  • Oz Minerals (OZL): Raised to Overweight at JP Morgan; PT $12.80
  • Ricegrowers (SGLLV): Rated New Buy at Canaccord; PT $7.78
  • Westpac (WBC): Raised to Buy at Goldman; PT $20.13

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