Monthly Archives - February 2021

AUD hits a three year high against the USD: ASX poised to open higher

25 Feb 2021 - Following positive leads from US markets, the ASX looks set to open higher this morning. In his second day of testimony to Congress, US Federal Reserve Chairman Jerome Powell has pledged low rates until inflation exceeds 2% boosting confidence in US investors. The Australian dollar hit a fresh three-year high touching almost 80 US cents. The a2 Milk Company (ASX:A2M) experienced a challenging first half with NPAT down 35.1%.


Tech stocks drag the market down: ASX closed 0.9% lower

24 Feb 2021 - It has been a negative day of trade for the ASX. After opening in the red the local bourse failed to gain momentum. Tech stocks dragged on the market today - Appen (ASX:APX) shares are down over 12%. At the closing bell the S&P/ASX 200 index closed 61 points lower, or 0.9% lower to finish at 6,778.


Annual wage growth remains at 1.4%: ASX 0.4% lower at noon

24 Feb 2021 - The ASX opened lower following mixed leads from Wall Street and is now tracking 0.4% lower at noon, that’s 29 points down at 6,810. Bega Cheese (ASX:BGA) shares are up after they reported profit after tax was up 154% on the last half. And Eagers Automotive (ASX:APE) appoints a new CEO.