Author - Sequoia Direct
11Mar

Travel stocks soared on the Federal Government tourism stimulus: ASX closed flat

11 March 2021 - It has been a mixed day for the ASX. After lifting at the open, the market retreated then rose into positive territory after lunch and lost its early gains on the back of Australia's Health Secretary Brendan Murphy advising that the target of Australians receiving their second dose of the Covid-19 vaccine by the end of October is likely to be missed. As for the sectors, we saw improvements in the Consumer Discretionary and Industrial...

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11Mar

SEEK (ASX:SEK) appoints CFO: ASX200 tracking 0.6% lower at noon

11 March 2021 - The ASX has retreated after lifting higher following mixed leads from the US and is now tracking 0.6% lower at noon. Technology stocks faded in the first hour of trade on the back of the tech heavy Nasdaq closing lower. Likes of Afterpay (ASX:APT) are dragging the Technology sector shedding 7.5% with Xero (ASX:XRO) dropping 2.3%. On the other hand, travel stocks have lifted on the back of the Federal Government's tourism package that will...

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11Mar

Dow rallies over 460 points: ASX poised to open higher

11 Mar 2021 - The ASX is set open higher following mixed leads from US markets. The Dow Jones Industrial Average rallied 463 points to hit a record high on the back of the House passing President Joe Biden's $1.9 trillion dollar stimulus plan. The 10-year US Treasury yield slipped from its session highs as data showed core consumer prices index excluding volatile items such as food and energy lifted 0.4% in February calming inflation worries. The Nasdaq closed...

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10Mar

Iron ore sees a dip: ASX closed 0.8% higher

10 Mar 2021 - The Australian share market took a dip in mid morning trade and failed to gain momentum. At the closing bell the S&P/ASX 200 index closed 57 points lower, or 0.8 per cent lower to finish at 6,714. Cann Group (ASX:CAN) has completed the acquisition of the Satipharm business from Harvest One Cannabis Inc.

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10Mar

Afterpay (ASX:APT) shares see a rebound: ASX flat at noon

10 Mar 2021 - The Australian share market is trading flat at noon at 6,772. On the futures market the SPI is 9 points lower. PlaySide Studios (ASX:PLY) signed a mobile platform games license agreement with MGM to develop and publish a first-of-its-kind video game based on the studio’s feature film, Legally Blonde.

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