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25Jun

Infrastructure deal & upbeat data fuel Wall St sentiment: Aus shares to open higher

25 Jun 2021 - The Australian sharemarket is set to open higher, on the back of strong Wall Street sentiment boosted by positive economic data and a US government deal. President Joe Biden has reached an agreement with both major US political parties to approve the White House’s $579 billion budget for infrastructure development. The number of applications for unemployment benefits in the US continued to drop last week, further signaling progress in the recovery of the world’s biggest...

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01Jun

Fortescue reaches new record on the back of iron ore price surge, Aussie dollar pops: Aus shares finish 1.1% higher

01 Jun 2020 - The local sharemarket started the new month with a 1.1 per cent rally to finish at 5819 as iron ore miners pushed higher and banks bounced back from a weak start.

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19Nov

Market claws back on bank rally: ASX closes 0.3% higher

19 Nov 2020 - After a shaky start the ASX closed 0.3% higher today. Shares in ALS (ASX:ALQ) did well after reporting strong second quarter performance. Shares in Elders (ASX:ELD) dropped over 11%. 5G Networks (ASX:5GN) has acquired the Brisbane Data Centre in Fortitude Valley.

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17Feb

Asaleo Care (ASX:AHL) has agreed to Essity’s offer: ASX tracking 0.7% lower at noon

17 Feb 2021 - The Australian share market dropped during the early trading hours and is tracking 0.7 per cent lower or 49 points lower at noon at 6,869. On the futures market the SPI is 55 points lower. Materials is the only sector in the green. Asaleo Care (ASX:AHL) has agreed to Essity's offer.

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06Mar

Retail turnover falls 0.3 per cent: Aus shares 1.6% lower at noon

06 Mar 2020 - The Australian share market continued to drop at the open, extending this week’s losses. The ASX200 index tumbled 1.6 per cent following negative leads from international markets. VEEM (ASX:VEE) constructs world’s largest gyrostabilizer.

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08Jan

ASX200 regains Feb 2020 levels: ASX shares close 0.7% higher over week

08 Jan 2021 - The ASX200 opened lower but advanced over the session to end 0.7 per cent higher today. The index is sitting at a level we haven’t seen since late February 2020, before the impacts of Covid wreaked havoc on the market. Oil and gas explorer, FAR (ASX:FAR) has postponed its shareholder meeting which was scheduled to consider Woodside Energy’s offer to buy its interest in the RSSD project in Senegal. The postponement was made to allow...

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12Nov

Rally continues with all sectors in the black: ASX tracking 1.3% higher at noon

11 Nov 2020 - The ASX has continued its rally throughout the morning and is now tracking 1.3% higher at noon. Shares in Virgin Money UK (ASX:VUK) and accounting software company Xero (ASX:XRO) did well today. Shares in JB Hi-Fi (ASX:JBH) fell lower. All sectors are in the black. Synlait Milk (ASX:SM1) has successfully completed the bookbuild for its approximately NZ$180 million underwritten placement.

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22Jul

AUD hits 12-month high against the USD: ASX poised to open lower

22 Jul 2020 - Following a mixed response from US markets overnight, the ASX looks set to open lower this morning. The Australian dollar has pulled back from daily lows to rise over 71 cents to the US dollar. US President Donald Trump has warned the US that the coronavirus pandemic will probably 'get worse before it gets better'. Meridian Energy (ASX:MEZ) report that for the month national hydro storage decreased from 103 per cent to 75% of historical...

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14Oct

Dow and S&P 500 soar to new highs

14 Oct 2024 - The S&P 500 and Dow Jones surged to new highs on Friday, concluding a successful week as major banks kicked off the third-quarter earnings season on a positive note.

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30Jun

Market climbs on the last day of the financial year: ASX closes 1.4% higher

30 Jun 2020 - It has been a positive day of trade for the ASX for the end of financial year. The local bourse managed to close 1.4% higher. Shares in Collins Foods (ASX:CKF) are on the up after releasing their year results showing revenue is up 8.9 per cent to $981.7m. Jumbo Interactive (ASX:JIN) shares also dipped today despite extending its partnership with Tabcorp yesterday for an extra ten years.

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