Author - Craig Foley

Retail turnover falls 1.1% MoM in Feb: Aus shares 0.2% lower at noon

19 Mar 2021 - The Australian share market opened lower and has continued on this trajectory into the mid-session. Energy stocks are dragging on the market despite signs of recovery in the iron ore price. This follows a rocky session on Wall Street overnight which saw the tech heavy Nasdaq lose 3.02 per cent. Morgan Stanley says shares in Westpac (ASX:WBC) are overweight, setting a target price of $25.30.

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US stocks tumble amid inflation concerns: Aus shares to open lower

19 Mar 2021 - Australian futures are indicating a drop at the open. Stocks on Wall Street slumped overnight as Treasury yields reached some of the highest levels in more than a year. US President Joe Biden announced that the US had reached its goal of administering 100 million Covid-19 vaccine shots in the first 100 days of his presidency, reaching the goal with 6 weeks to spare. Meanwhile, European Union countries including France, Italy and Germany have restarted...

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Pilbara Minerals (ASX:PLS) launches digital trading platform: ASX closed 0.7% lower

18 Mar 2021 - It's been a negative day of trade for the local market. After opening almost flat, the market continued to slide, extending yesterday's drop to close 49 points down. After data was released showing a better than expected improvement in the unemployment rate, the index lifted by 0.4 per cent. However, it failed to hang onto these gains. The S&P 500 and Dow Jones Industrial Average closed at record highs overnight after the US Federal Reserve...

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