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22Sep

RBA suggest pushing rates towards 0%: ASX tracking 0.9% lower at noon

22 Sep 2020 - The ASX dropped at the open and is now tracking 0.9% lower at noon. Shares in Collins Foods (ASX:CKF) did well today leading the pack as Virgin Money (ASX:VUK) shares dropped throughout the morning. As for the sectors, Infotech is up and Materials is pulling the market lower. Redcape Hotel Group Management Ltd (ASX:RDC) reported the positive trading has continued and the first quarter of FY21.

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14Aug

Mesoblast (ASX:MSB) boosts tech sector: Aus shares almost 2% higher over week

14 Aug 2020 - The market finished strong today closing 0.6% higher, with most of the sectors capping gains. Information technology rose 4.2%, thanks to an outstanding performance from biotech Mesoblast (ASX:MSB) which skyrocketed around 39% higher on hopes that the FDA will approve its flagship product.

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22Nov

Wall St mixed, Oil drops on covid jitters, Citi Chic’s price target gets a boost: ASX to fall

22 Nov 2021 - Mixed market around the globe as Covid-19 jitters emerge. European markets fell while Alibaba dragged the Hang Seng while Japanese shares rallied on fresh stimulus. ASX closed higher on Friday though lower for the week. Macquarie boosted City Chic’s (ASX:CCX) target price.

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06Apr

An uncertain week ahead for oil prices: ASX poised to open higher

06 Apr 2020 - The ASX looks set to open higher as the battle against coronavirus continues around the world. Chief Medical Officer Brendan Murphy says he is "increasingly confident" Australia will avoid the kind of devastation the virus has caused in countries like Italy and the United States. Fisher & Paykel Healthcare (ASX:FPH) say they have almost 5,000 people around the world focussed on meeting the increased demand for our respiratory products in response to the COVID-19 outbreak.

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09Dec

Continuing jobless claims catalyst for market bounce, Investor attention on next week’s Fed meeting

09 Dec 2022 - Stocks rose Thursday as the S&P 500 attempted to crack a five-day losing streak and Wall Street evaluated the odds of a recession ahead. Despite the gains, stocks are on pace for a losing week. There’s been a strong selloff over the last few days and it doesn’t take much to create even the underpinnings for a modest rally. Thursday’s continuing jobless claims the likely catalyst for the market bounce.

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03Jun

Gross Domestic Product fell 0.9% in the March quarter: ASX tracking 0.3% higher at noon

03 Jun 2020 - The ASX shot up at the open and is now tracking almost 0.9% higher at noon. Banks are performing well so far this morning following GDP and building approvals data from the ABS earlier today. Shares in SkyCity (ASX:SKC) rose as they announced they expect total annualised cost savings of around NZ$50m. Infigen Energy (ASX:IFN) is considering its response to the off-market takeover proposal from UAC Energy Holdings.

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26Oct

Meta & IBM the latest to report Q3 results

26 Oct 2023 - The S&P 500 closed below a key level on Wednesday. The benchmark index fell 1.4%, ending the day below the 4,200 level that was being widely watched by chart analysts. It was the first time the S&P 500 closed below this threshold since May.

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15Jun

CBA appoints Simon Moutter to board: Aus shares to open higher

15 Jun 2020 - The Australian share market is set to open higher this morning after Wall Street rebounded on Friday. Technology and financial stocks led the recovery. Coronavirus developments will be front and centre this week, with a raft of economic news on the agenda. The Commonwealth Bank of Australia (ASX:CBA) has appointed Simon Moutter as an Independent, Non-Executive Director.

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20Mar

Tech shares rise boosted by remote workers: ASX poised to open higher

20 Mar 2020 - The ASX looks set to open higher this morning as tech stocks rallied. Alphabet, Microsoft, and Facebook all slumped on Wednesday but with many in lockdown across the world due to the coronavirus crisis - remote, internet-based activity caused tech shares to rally yesterday. In the US bargain hunters grabbed Twitter stocks and Netflix - all up at least 5%. Nigel Greenwood is stepping down as Synlait Milk (ASX:SM1) Chief Financial Officer and will be...

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13Sep

US stocks rally on tech surge

13 Sep 2024 - US stocks rallied overnight as investors continued to shrug off a rocky start to September and snapped up tech stocks in anticipation of a Federal Reserve rate cut next week.

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