Monthly Archives - January 2021

Yellen gives approval for more US stimulus: ASX poised to open higher

20 Jan 2021 - Following a boost on US markets overnight, the ASX looks set to open higher this morning. Janet Yellen, President-elect Joe Biden’s choice for Treasury secretary, is in favour of more stimulus. Back home, some of the larger banks will stop giving automatic mortgage holidays to home owners struggling due to the pandemic. Yancoal (ASX:YAN) reports that their run of mine coal production was down 3% from the third quarter in 2020.

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Payroll jobs decreased 5.5% in the fortnight to 2 Jan: ASX closed 2% higher

19 Jan 2021 - Australia’s sharemarket pushed higher as the consumer discretionary sector gained 2%. The S&P/ASX 200 index finished 80 points up or 1.2 per cent higher at 6,743. Shares in Domino’s Pizza Enterprises (ASX:DMP).did well today as its reported a shift towards digital delivery will continue in 2021. Shares in Worley (ASX:WOR) dropped almost 3%.

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Bingo (ASX:BIN) shares soar on offer from CPE: ASX tracking 1.2% higher at noon

19 Jan 2021 - The local bourse has continued to climb in the first two hours of trade with gains in the industrial sector. The S&P/ASX 200 index is 81 points up or 1.2% up at 6,744. On the futures market the SPI is suggesting a rise of 79 points. Shares in waste management company Bingo Industries (ASX:BIN) skyrocketed today after they received an offer at $3.50 from CPE.

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BINGO (ASX:BIN) has recieved a $3.50 a share cash bid

19 Jan 2021 - BINGO (ASX:BIN) has received an unsolicited, highly conditional, non-binding, indicative proposal from funds advised by CPE Capital on behalf of CPEC and its potential co-investors which include Macquarie Infrastructure and Real Assets for the acquisition of BINGO.

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