Monthly Archives - April 2021

Wall Street struggles to keep momentum: ASX poised to open higher

08 Apr 2021 - The ASX is poised to open higher following weak leads from Wall St. The major indices responded to US Federal Reserve minutes showing their commitment to support the economy with low-interest rates and their bond-buying program for now. Investors also responded to consumer credit data which rose by US$27.58 billion in February beating market expectations. This is the biggest monthly gain in consumer credit since November 2017. Yesterday, the local market extended gains for the...

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CBA served with $7m penalty: Aus shares close 0.6% higher

07 Apr 2021 - CBA served with $7m penalty: Aus shares close 0.6% higher. The Australian sharemarket’s rally decelerated just before midday, but picked up pace again to finish the trading session at a 13-month high. Gains in Afterpay and EML payments shares have cemented the tech sector’s footing in positive territory for a 4th consecutive day.

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