Monthly Archives - February 2021

Powell says recovery is far from complete: ASX poised to open lower

24 Feb 2021 - Following mixed leads from US markets, the ASX looks set to open lower this morning. The US Federal Reserve chair Jerome Powell says recovery is ‘far from complete.’ He also reiterated that the central bank planned to keep up low interest rates and large-scale bond buying. The tech sell-off continues with the NASDAQ continuing to be hit. And Seven West Media (ASX:SWM) has signed a Letter of Intent to provide news content to Facebook.

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Facebook news content block removed: ASX closes 0.9% higher

23 Feb 2021 - Social media giant Facebook has agreed to lift its ban on Australian news content. Rising commodity prices continued to be the stimulant for the energy and mining rally, with BHP (ASX:BHP) and Oil Search (ASX:OSH) all edging higher. Industrial property investment heavyweight Centuria Industrial REIT (ASX:CIP) has successfully snapped up a modern warehouse in the north-western Sydney suburb of Bella Vista.

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