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05Jun

Atomo Diagnostics (ASX:AT1) expands covid partnership: Aus shares to open lower

05 Jun 2020 - Australian shares are set to open lower this morning. Wall Street closed mixed last night as investors pulled the handbrake on the multi session equity rally as weak economic data came it. Medical device manufacturer, Atomo Diagnostics (ASX:AT1) has expanded its existing COVID-19 rapid test partnership with NG Biotech.

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14Nov

Afternoon update: ASX trading 0.66% higher, Energy surges over 2%

14 Nov 2023 - The S&P/ASX 200 index rose by 0.66 per cent to reach 6,994.60, driven by robust performances in the energy, mining, gold, and lithium sectors, which benefited from a rebound in commodity prices.

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29Apr

Wall St slips as Fed holds rates: ASX to rise

29 Apr 2021 - The ASX is set to rise despite Wall St dipping into the red. US stocks slipped as the Federal Reserve held rates and maintained their support for the economy. Australian shipbuilder Austal (ASX:ASB) is set to sell 40% of its stake in a shipbuilding company in China.

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11Oct

US stocks close higher amid falling Treasury yields

11 Oct 2023 - US stocks rose Tuesday, boosted by declines in Treasury yields as Wall Street assessed the geopolitical risks from the Israel-Hamas war. The benchmark 10-year Treasury yield fell nearly 13 basis points to about 4.65 per cent, as investors sought safe assets amid the conflict. Yields and prices move in opposite directions.

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16Mar

More EU countries suspend use of AstraZeneca vaccine: ASX to open higher

16 Mar 2021 - Following positive leads from US markets due to a tech push, the ASX looks set to open higher. Germany, France, Spain, Italy, Ireland and the Netherlands have joined the growing list of countries that have suspended the use of the AstraZeneca coronavirus vaccine over blood clot concerns. Back home, last week the national average price of unleaded petrol fell by 1.1 cents a litre to 140.2 cents per litre (c/l) according to the Australian Institute...

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17May

Red-hot inflation rise pressures Wall St to plunge: ASX to 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.

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20Feb

Global markets boosted by China stimulus hopes: ASX set to open higher

20 Feb 2020 - The ASX is set to open higher this morning. China’s moves to boost the economy bolstered Wall Street and Europe. Markets were buoyed by the prospect of further stimulus from the People's Bank of China. Lendlease (ASX:LLC) profit after tax in the six months to December 31 was $313 million.

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18Dec

a2 Milk (ASX:A2M) tumbles on earnings guidance: Aus shares up 0.5% over week

18 Dec 2020 - Despite ending the last session of the week lower, it has been a positive week overall for the Aussie share market. Information technology stocks led the gains this week, with the sector gaining almost 6 per cent. Shares in A2Milk Company (ASX:A2M) dropped over 20 per cent this afternoon, after the company released a guidance update, showing that its sales performance recovery was occurring slower than expected, due to the impact of Covid 19 and...

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04Sep

Tech sector down 5.6% today: Aus shares lose 2.5% over week

04 Sep 2020 - The Australian share market plunged in early trade, dragged down by Aussie tech stocks and tracked sideways for most of the day to finish 3.1 per cent lower. Tech stocks shed 5.6 per cent today and every sector lost 1.7 per cent or more. Meanwhile, iron ore continues to trade at 6-year highs. Macquarie expects vehicle leasing and salary packaging company, Eclipx Group (ASX:ECX) to outperform, assigning it a 12 month price target of $1.70.

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10Nov

Jump in US yields puts pressure on equity markets

10 Nov 2023 - The S&P 500 fell Thursday breaking an eight day winning streak as rising yields shook investor confidence.

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