19 May 2021 - The ASX is to drop following Wall St closing in the red as technology shares reversed their gains and energy stocks ran out of fuel as oil prices fell. Morgan Stanley upgrades Carsales.com.au (ASX:CAR) while Citi upgrades Suncorp (ASX:SUN).
18 May 2021 - The ASX is to open higher despite Wall St’s pullback led by technology shares. All three indexes closed in the red as inflation fears continued to linger. Morgan Stanley upgrades Treasury Wine Estate (ASX:TWE) and Ord Minnett upgrades TPG Telecom (ASX:TPM).
17 May 2021 - The ASX is set to rise following Wall St closing its second straight session in the black. The week ended with a broad-based rally which followed a heavy sell-off led by technology shares as inflation fears outweighed the signs of a recovering economy. Beacon lighting (ASX:BLX) is set to acquire its fourth property in Sydney for $11.2 million as part of establishing a new subfund.
13 May 2021 - The ASX is set to drop following Wall St closing deep in the red as the annual inflation rate rose to its highest in 13 years. Citi rates Suncorp (ASX:SUN) as neutral while Morgan Stanley rates Virgin Money UK (ASX:VUK) as hold. The SPI futures are pointing to a 0.4% fall.
13 May 2021 - The ASX is set to drop following Wall St closing deep in the red as the annual inflation rate rose to its highest in 13 years. Citi rates Suncorp (ASX:SUN) as neutral while Morgan Stanley rates Virgin Money UK (ASX:VUK) as hold. The SPI futures are pointing to a 0.4% fall.
14 May 2021 - The ASX200 is tipped to open higher, on the back of rebounds by the Wall street benchmarks. Many US stocks were in the buy zone, as investors saw the previous steep declines as an opportunity to pick up shares.
13 May 2021 - The ASX is set to drop falling Wall St closing deep in the red as the annual inflation rate rose to its highest in 13 years. Citi rates Suncorp (ASX:SUN) as neutral while Morgan Stanley rates Virgin Money UK (ASX:VUK) as hold. The SPI futures are pointing to a 0.4% fall.
12 May 2021 - The ASX is to open lower following Wall St closing in the red on continued fears around rising inflation rates. The Federal Government has unveiled its “recovery budget plan” to steer the country out of the pandemic with new funding on the table. Macquarie downgrades A2 Milk (ASX:A2M).
10 May 2021 - The ASX is set to dip despite a strong finish on Wall St. The focus this week is the Federal Budget. Metal detection company Codan (ASX:CDA) completed the acquisition of Zetron for $59 million on Friday. Six companies to make their debut this week.
11 May 2021 - The ASX is to fall at the open following Wall St closing in the red. Seven Group Holdings (ASX:SVW) has launched a $8 billion takeover for Boral (ASX:BLD). Citi rates Citi rates Goodman Group (ASX:GMG) as a buy.
