Monthly Archives - December 2020

IPOs fail to gain momentum today: ASX closed 0.2% higher

08 Dec 2020 - The ASX managed to close 0.2% higher. Shares in Link Administration Holdings (ASX:LNK) were the best today after they received a proposal from NASDAQ listed SS&C Technology Holdings. Shares in ZIP Co (ASX:Z1P) took a hit today. We had a couple of IPO’s today that didn’t fare so well. Adairs (ASX:ADH) boost their guidance after strong sales expectations.

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AUD hits a 28-month high: ASX poised to open lower

08 Dec 2020 -The ASX looks set to open lower despite the NASDAQ hitting an all-time high. The iron ore price continues to rise. The Australian dollar is trading over US74¢, after hitting a high of US74.53¢ overnight, a level not seen since August 2018. And China’s exports in November rose 21.1% year on year, the fastest growth since February 2018. Air New Zealand (ASX:AIZ) has hired its next Chief People Officer.

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