Monthly Archives - March 2021

Unemployment rate fell to 5.8% in February: ASX 0.3% lower at noon

dd Mmm 2021 - The ASX opened almost flat, roller-coastering between falls and gains and is now tracking 0.3% lower at noon. The S&P/ASX 200 index is 18 points at 6,777. The SPI futures are pointing to a fall of 12 points as we head into afternoon trade. Despite the Dow and S&P 500 hitting record highs last night, the local market has been unable to follow the lead from US markets. Meanwhile, the Westpac Group (ASX:WBC) will sell...

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Pilbara Minerals (ASX:PLS) launches digital trading platform: ASX closed 0.7% lower

18 Mar 2021 - It's been a negative day of trade for the local market. After opening almost flat, the market continued to slide, extending yesterday's drop to close 49 points down. After data was released showing a better than expected improvement in the unemployment rate, the index lifted by 0.4 per cent. However, it failed to hang on to these gains. The S&P 500 and Dow Jones Industrial Average closed at record highs overnight after the US Federal...

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Pilbara Minerals (ASX:PLS) launches digital trading platform: ASX closed 0.7% lower

18 Mar 2021 - It's been a negative day of trade for the local market. After opening almost flat, the market continued to slide, extending yesterday's drop to close 49 points down. After data was released showing a better than expected improvement in the unemployment rate, the index lifted by 0.4 per cent. However, it failed to hang on to these gains. The S&P 500 and Dow Jones Industrial Average closed at record highs overnight after the US Federal...

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Unemployment rate fell to 5.8% in February: ASX 0.3% lower at noon

dd Mmm 2021 - The ASX opened almost flat and has been roller-coastering between falls and gains and is now tracking 0.3% lower at noon. The S&P/ASX 200 index is 18 points at 6,777. The SPI futures are pointing to a fall of 12 points as we head into afternoon trade. Despite the Dow and S&P 500 hitting record highs last night, the local market has been unable to follow the lead from the US markets. Meanwhile, the Westpac...

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US Fed hold steady on interest rates: ASX poised to open lower

18 March 2021 - The ASX is set to open lower despite slight gains on Wall St. Yesterday in the US, the Dow Jones and the S&P 500 tipped fresh intraday highs after the Federal Reserve committed to no interest rate hikes to at least 2023. The Fed also forecast the economy will grow 6.5% compared with the previous forecast of 4.2% driven by the $US1.9 trillion stimulus package. They also expect the unemployment rate to fall to 3.5%...

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