Monthly Archives - February 2021

China overtakes US as Europe’s main trading partner: ASX set to open lower

17 Feb 2021 - The ASX is set to open lower this morning. The S&P 500 closed slightly lower as investors in the US grow concerned about surging bond yields. Bitcoin soared above $50k to an all-time high. The latest figures released by Eurostat show that China has overtaken the US as Europe’s main trading partner for the first time. Back home, authorities say Victoria is on track to lift the five-day lockdown at midnight. Fletcher Building (ASX:FBU) reported...

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Adairs (ASX:ADH) report NPAT up 233.4%

16 Feb 2021 - Homeware store Adairs (ASX:ADH) Adairs today released its results for the half year showing record sales and profitability at a time when its 43 Greater Melbourne stores were closed for almost half the period due to COVID-19 related restrictions.

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Wall Street closed for Presidents’ Day: ASX poised to open higher

16 Feb 2021 - The ASX is set to open higher this morning, as coronavirus vaccine optimism continues to push commodities higher. Oil prices soared yesterday, reaching their highest in about 13 months. Meanwhile, the WHO says there has been a dramatic fall in the number of coronavirus cases globally, with newly recorded infections the lowest in months. The news comes as Victoria enters its fourth day of lockdown. Ansell (ASX:ANN) show profit is up 61.9% year on year.

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Major miners push market up: ASX closed 0.9% higher

15 Fab 2021 - Major miners pushed the market up today with materials being the best performing sector. At the closing bell the S&P/ASX 200 index closed 62 points higher, or 0.9% higher to finish at 6,869. Asaleo Care (ASX:AHY) has confirmed it is engaged in ongoing discussions with Essity Aktiebolag about a potential proposal to acquire the outstanding ordinary shares in Asaleo.

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