Yearly Archives - 2021
26Mar

Global supply chain fears grow as Suez Canal blocked for third day: Aus shares set to open higher

26 Mar 2021 - Wall Street ended higher overnight after the US Department of Labor reported the lowest weekly level of new jobless claims since the onset of the pandemic a year ago. This optimism is set to flow through to the Australian market, with Australian futures indicating an upbeat start to the day. Meanwhile the 400-metre-long container ship blocking the Suez Canal showed no signs of budging for a third day deepening global supply chain concerns. AMP refutes...

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25Mar

Household wealth at 11-year highs: ASX closes 0.2% higher

25 Mar 2021 - The ASX pushed into the green from a flat start, faded in afternoon trade and surprised investors with a late jump to close 0.2% higher. Improvements were seen across all the sectors except Technology, Finance and Consumer Staples, which closed in the red. Energy stocks rose 0.3% following oil prices rebounding 6% from Tuesday's decline, after the grounding of a ship in the Suez Canal. The ship turned sideways in the middle of a sandstorm,...

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25Mar

Netwealth (ASX:NWL) in negotiations over facility & deposit agreements: ASX is tracking 0.3% higher

25 Mar 2021 - The ASX is pushing on from a flat start despite a weak lead from the US markets. Most sectors are in the green with technology shares dragging the market. Energy stocks are in the spotlight after a 6% jump after oil prices rebounded from Tuesday's decline after a grounding of a ship in the Suez Canal. The incident caused concerns that it could delay crude shipments. Retail fashion company Premier Investments (ASX:PMV) are lifting after...

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25Mar

Suncorp (ASX:SUN) receives over 5,400 claims across three states: ASX poised to open lower

25 Mar 2021 - The ASX is poised to open lower following soft leads from US markets. The S&P 500 closed in the red after struggling to keep its gains in early session. Technology stocks across the indexes led the losses towards session close as rotation out of tech stocks into bank shares continues. Investors responded to Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen who provided the Senate Banking Committee an optimistic update on the economy's...

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24Mar

Westpac (ASX:WBC) consider potential sales: ASX closes 0.5% higher

24 Mar 2021 - It has been a mostly positive day of trade for the Australian share market. At the closing bell the S&P/ASX 200 index closed 33 points higher, or 0.5 per cent higher to finish at 6,779. Westpac (ASX:WBC) has already placed a number of businesses into a Specialist Businesses Division, for ultimate exit.

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24Mar

Market update with Shaw and Partners, March 2021

24 Mar 2021 - Shaw and Partners Chief Investment Officer Martin Crabb discusses historical precedence for recovering from government spending, the possible rise of interest rates, labour market data, and investment strategies in this environment.

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