Author - Sequoia Direct
21Jan

Joe Biden is sworn in as 46th President of the USA: ASX set to open higher

21 Jan 2021 - Following a lift on US markets overnight, the ASX looks set to open higher this morning. Donald Trump's presidency came to an end in the early hours of this morning when Joe Biden was sworn in as the 46th President of the United States. China's December coal imports from Australia were zero due to import restrictions. Pilbara Minerals (ASX:PLS) has completed the acquisition of Meridian Energy following cash payment of $201 million.

Read more...
20Jan

The sharemarket hits 6770.4 points: ASX closed 0.4% higher

20 Jan 2021 - Australia’s sharemarket closed higher today on news the US are looking to boost their economy with more stimulus. The S&P/ASX 200 index finished 28 points up or 0.4 per cent higher at 6,770. Shares in PolyNovo (ASX:PNV) went up today after they announced they are moving into Poland and Turkey. Meanwhile shares in Whitehaven Coal (ASX:WHC) have dropped.

Read more...
20Jan

Consumer Sentiment fell by 4.5% in January: ASX tracking 0.5% higher at noon

20 Jan 2021 - The local bourse rose at the open and has remained steady in the first two hours of trade. The S&P/ASX 200 index is 33 points up or 0.5% higher at 6,775. Shares in PolyNovo (ASX:PNV) went up today after they announced they are moving into Poland and Turkey. Nickel Mines (ASX:NIC) has negotiated to acquire an additional 10% of Angel Nickel.

Read more...
20Jan

Yellen gives approval for more US stimulus: ASX poised to open higher

20 Jan 2021 - Following a boost on US markets overnight, the ASX looks set to open higher this morning. Janet Yellen, President-elect Joe Biden’s choice for Treasury secretary, is in favour of more stimulus. Back home, some of the larger banks will stop giving automatic mortgage holidays to home owners struggling due to the pandemic. Yancoal (ASX:YAN) reports that their run of mine coal production was down 3% from the third quarter in 2020.

Read more...
19Jan

Payroll jobs decreased 5.5% in the fortnight to 2 Jan: ASX closed 2% higher

19 Jan 2021 - Australia’s sharemarket pushed higher as the consumer discretionary sector gained 2%. The S&P/ASX 200 index finished 80 points up or 1.2 per cent higher at 6,743. Shares in Domino’s Pizza Enterprises (ASX:DMP).did well today as its reported a shift towards digital delivery will continue in 2021. Shares in Worley (ASX:WOR) dropped almost 3%.

Read more...