Yearly Archives - 2021

Infrastructure deal & upbeat data fuel Wall St sentiment: Aus shares to open higher

25 Jun 2021 - The Australian sharemarket is set to open higher, on the back of strong Wall Street sentiment boosted by positive economic data and a US government deal. President Joe Biden has reached an agreement with both major US political parties to approve the White House’s $579 billion budget for infrastructure development. The number of applications for unemployment benefits in the US continued to drop last week, further signaling progress in the recovery of the world’s biggest...

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Powell says 1970s-style inflation is unlikely, Why Sonic Healthcare is a hold: ASX to dip

23 Jun 2021 - In this report I cover Wall St's performance following Federal Reserve Chairman Jerome Powell's testimony to the House Select Subcommittee, a wrap up of yesterday’s local bourse and why Sonic Healthcare (ASX:SHL) is a hold after Citi downgrades its rating. Three things to look at today in local economic news that could move the needle.

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