Yearly Archives - 2021
25Feb

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%.

Read more...
24Feb

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.

Read more...
24Feb

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.

Read more...
24Feb

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.

Read more...