Monthly Archives - December 2020

Iron ore jumps almost 6%: ASX set to open higher

07 Dec 2020 - The ASX looks set to open higher this morning as iron ore sees further gains. New York was up. British negotiators yesterday arrived in Brussels for a last-ditch attempt to strike a Brexit trade deal with the European Union. People in Victoria are now no longer required to wear masks unless they cant physically distance as restrictions ease across the state. And Infratil (ASX:IFT) is to undertake a strategic review of its shareholding in Tilt...

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IPO frenzy: Aus shares close 0.3% higher

04 Dec 2020 - The ASX200 gained momentum throughout the day to close 0.3% higher, with investors choosing to pick up banks and energy stocks ahead of the weekend. That marks the fifth week of gains for the index. At the closing bell the S&P/ASX 200 index closed 19 points higher to finish at 6,634. Over the week, the market has gained 33 points or 0.5%.

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Cannabis stocks rally on UN decision to reclassify: Aus shares 0.3% higher at noon

04 Dec 2020 - The Australian share market opened slightly lower despite positive leads from Wall Street, but quickly changed direction and has gained 0.3 per cent over the morning. Almost all of the sectors are up this morning, with Financials leading the charge. Australian medical cannabis stocks are trading higher at the end of the week, after the United s Nations reclassified cannabis as a less dangerous drug yesterday. Cannabis is now considered a Schedule I drug– that’s...

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