Monthly Archives - January 2021

Trump promises to facilitate an orderly transition of power: Aus shares to open higher

08 Jan 2021 - Aussie shares are set to open higher, following news that President-elect Joe Biden has been certified the winner of the 2020 Presidential election by both the House and Senate. This occurred just hours after pro-Trump protesters stormed the US Capitol building. Speaker of the US House of Representatives Nancy Pelosi has joined the call to remove Trump from office, saying he “incited an armed insurrection against America”. This political upheaval hasn’t affected the market’s optimism...

Read more...

Information technology sector slides 3%: ASX closes 1.6% higher

07 Jan 2021 - It has been a terrific day of trade for the ASX. After opening modestly higher, the ASX200 shot up in the first 10 minutes of trade, then gained momentum at a steady pace to close 1.6% higher. The Energy and Materials sectors rallied over 4% and tech sunk over 3% today after the outcome of the Senate seats in Georgia was announced. The Democrats won both seats, securing the balance of power in the US...

Read more...

Democrats secure Georgia Senate seats: Aus shares 1.5% higher at noon

07 Jan 2021 - The Australian share market opened modestly higher, and shot up in the first 10 minutes of trade. It held gains this morning on the back of news that Democrats had won the 2 Senate seats in Georgia and secured the balance of power in the US Senate. The news proved a tailwind for our Materials and Energy sectors, which have each climbed over 3 per cent this morning. Payment solution provider, Tyro Payments (ASX:TYR) is...

Read more...