Monthly Archives - April 2021

Wall St retreats ahead of inflation figures and earning season kickoff: ASX to edge higher

13 Apr 2021 - The ASX is to edge higher this morning. The S&P 500 and the Dow Jones indexes retreated from their record high, as investors prepare themselves for the start of the earnings reporting season and the release of the inflation report this week. Credit rating agency Fitch ratings has upgraded ANZ Group (ASX:ANZ) from a negative to stable yesterday for their Australian and New Zealand banking business.

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Iron ore and gold miners drag down market: Aus shares close 0.3% lower

12 Apr 2021 - The ASX200’s lackluster form continued throughout the afternoon trading session, as the Australian sharemarket concluded its trading day in the red. Mining heavyweights BHP (ASX:BHP), Rio Tinto (ASX:RIO) and Fortescue Metals (ASX:FMG) led the losses, as the mining sector undermined the broader market. The downward trend in mining stocks is attributable to spot gold price’s $20 fall from a five-week high. Declines in Commonwealth Bank (ASX:CBA) and Macquarie Group (ASX:MQG)’s shares also added to the...

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