Monthly Archives - April 2021

Federal Reserve to maintain easy policy: Aus shares to open flat

09 Apr 2021 - Australian shares are set for a steady start despite strong gains in markets around the world, sparked by the US Federal Reserve’s accommodative minutes. The news encouraged upbeat trading across European market, propelling the pan-European Stoxx 600 to record highs earlier in the session. Meanwhile, Asian markets also gained momentum from progress in vaccination efforts.

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ASX extends winning streak, led by iron ore miners & banks: Aus shares close 1.02% higher

08 Apr 2021 - The ASX continued its winning streak for the fifth day, gaining 1% to close at a 13-month high of 6,999. All sectors closed in the black. Miners performed strongly, with the likes of iron ore heavyweights BHP (ASX:BHP), Rio (ASX:RIO) and Fortescue Metals (ASX:FMG) adding 2.1 – 2.6%. The big four banks rallied. EML payments (ASX:EML) is best-performing stock, rising 5.7%, while the worst-performing stock is Resolute Mining (ASX:RSG), shedding 3.13%.

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