Monthly Archives - February 2021

Powell speech boosts US markets: ASX poised to open lower

11 Feb 2021 - The ASX is set to open lower this morning despite US stocks edging higher. Fed Reserve Chairman Powell says rates will stay low in the US and is expecting second half growth. He said they still have a long way to go in terms of employment. Back home, a number of large companies are reporting today Telstra (ASX:TLS), AGL Energy (ASX:AGL) and Transurban (ASX:TCL). AMP (ASX:AMP) will not pay a final dividend after underlying profit...

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Two Crown (ASX:CWN) directors resign after inquiry report: ASX closes 0.5% higher

10 Feb 2021 - The S&P/ASX 200 Index closed 0.5% higher or 36 points higher at 6,857 points. Zip (ASX:ZIP) shares did well today meanwhile, CIMIC (ASX:CIM) shares fell over 17%. Consumer discretionary is only sector in the red. Two directors have resigned from Crown Resorts (ASX:CWN) following the report which found the company was ‘not suitable’ to hold a casino licence.

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CIMIC (ASX:CIM) shares drop on Covid slowdown: ASX is 0.4% higher at noon

10 Feb 2021 - The ASX rose at the open, the S&P/ASX 200 Index is 0.4% higher or 29 points up at 6,850 points. Megaport (ASX:MP1) shares are up today after they reported their first half earnings were up 39% from the same period. Shares in CIMIC (ASX:CIM) dropped today after they reported a slowdown of projects due to Covid-19. Lendlease (ASX:LLC) Group Chief Executive Officer and Managing Director is to retire.

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Tech stocks push up Wall Street: ASX poised to open higher

10 Feb 2021 - The ASX is set to open higher this morning as tech stocks advanced in New York. There is also optimism in the US regarding further stimulus and strong quarterly results from some of their major companies. The AUD rose as the greenback weakened slightly. And Infratil (ASX:IFT) announced a new CEO.

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