Author - Sequoia Direct

US Banks support late session recovery on Wall Street: Aus shares to open lower

22 Dec 2020 - Aussie futures are pointing to a fall at the open despite a late recovery on Wall Street. News of the new highly infectious Covid virus variant in the UK had the S&P 500 on track for its worse daily loss in a month, overshadowing optimism over US lawmakers finally agreeing on a stimulus deal. US indices managed to stage a recovery later in the session and unwind many of their losses as banks rallied on...

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Iron ore rally pushes up Fortescue Metals (ASX:FMG): ASX closed 0.1% lower

21 Dec 2020 - The local sharemarket ended lower today after failing to gain momentum after a drop at the open. Shares in Fortescue Metals Group (ASX:FMG) did well today. Shares in Synlait Milk (ASX:SM1) dropped after they revised their profit expectations. Star Entertainment Group (ASX:SGR) will re-impose capacity limits at its Sydney casino due to the Covid outbreak.

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Health insurance premiums to rise in early 2021: ASX tracking 0.4% lower at noon

21 Dec 2020 - The ASX opened lower this morning with the S&P/ASX 200 Index 26 points down or 0.4% lower at 6,650. Shares in online retailer Kogan.com (ASX:KGN) are doing well today. Shares in Wisetech Global (ASX:WTC) have seen a drop of over 9%. The Federal Minister for Health today announced that private health insurance premiums will change across the industry, effective 1 April 2021.

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