Yearly Archives - 2021

Wall St extends record high, NAB declares 67c div on profit beat, Orica’s is a neutral: ASX to lift

09 Nov 2021 - Mixed start to the week with the major indexes around the globe. Wall St pushed further into record territory after a bipartisan infrastructure investment bill was passed by the House of Representatives. European markets were mixed while Asian stocks reacted to China’s export figures. Back home, the local bourse snapped its 3-day winning streak as M&A emerged. Credit Suisse downgraded Orica’s rating (ASX:ORI).

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Wall St gains, ANZ & MQG trade ex-div, CSR target price gets a boost: ASX to lift

08 Nov 2021 - Wall St extended its winning streak on a better-than-expected jobs report and positive results from trials of Pfizer’s Covid-19 antiviral pill. European markets rose as oil prices lifted energy stocks while International Airlines Group takes-off on Pfizer’s news. ASX had its best close on Friday since 16 September amid RBA’s November Statement on Monetary Policy. Morgan Stanley gives CSR’s (ASX:CSR) target price a boost.

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Wall St mixed, Debt ceiling drama continues, Morgan upgrades Evolution Mining: ASX to rise

30 Sep 2021 - Mixed closed around the globe as the surge in bond yields take a breather amid lawmakers in Washington DC’s debate over the debt ceiling. European markets rose while Asian markets saw mixed reactions to Japan’s new prime minster and Evergrande’s moves. Morgan upgraded Evolution Mining (ASX:EVN) but cut its price target.

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Wall St tumbles, Warren opposes reappoint of Fed Chair, CSL rated as Neutral: ASX to fall

29 Sep 2021 - Global stocks saw a sell-off while energy stocks climbed on a supply crimp. Inflation worries ripple as treasury bond yields climb. Fed Chair described as a "dangerous man" from Senator Elizabeth Warren amid scruitiny on trading conduct of FOMC members, including Mr Powell himself. Credit Suisse rated CSL (ASX:CSL) as a buy with a dampened outlook ahead.

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