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07Dec

Iron ore jumps almost 6%: ASX set to open higher

07 Dec 2020 - The ASX looks set to open higher this morning as iron ore sees further gains. New York was up. British negotiators yesterday arrived in Brussels for a last-ditch attempt to strike a Brexit trade deal with the European Union. People in Victoria are now no longer required to wear masks unless they cant physically distance as restrictions ease across the state. And Infratil (ASX:IFT) is to undertake a strategic review of its shareholding in Tilt...

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04Dec

IPO frenzy: Aus shares close 0.3% higher

04 Dec 2020 - The ASX200 gained momentum throughout the day to close 0.3% higher, with investors choosing to pick up banks and energy stocks ahead of the weekend. That marks the fifth week of gains for the index. At the closing bell the S&P/ASX 200 index closed 19 points higher to finish at 6,634. Over the week, the market has gained 33 points or 0.5%.

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04Dec

Cannabis stocks rally on UN decision to reclassify: Aus shares 0.3% higher at noon

04 Dec 2020 - The Australian share market opened slightly lower despite positive leads from Wall Street, but quickly changed direction and has gained 0.3 per cent over the morning. Almost all of the sectors are up this morning, with Financials leading the charge. Australian medical cannabis stocks are trading higher at the end of the week, after the United s Nations reclassified cannabis as a less dangerous drug yesterday. Cannabis is now considered a Schedule I drug– that’s...

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04Dec

US indices notch new record highs: Aus shares to open higher

04 Dec 2020 - The Australian futures market is indicating a rise at the open, following fresh all-time highs for the S&P 500, the Dow Jones Industrial Average and the Nasdaq during trade. The highs came on the back of hopes that the Democrats and Republicans are moving closer to agreeing a pandemic stimulus package. US stocks retreated from the record highs at the end of the session after a Dow Jones report raised concern that the Covid vaccine...

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03Dec

Iron ore price pushes up Fortescue Metals Group (ASX:FMG): ASX tracking 0.3% higher at noon

03 Dec 2020 - The ASX rose at the open and is now tracking 0.3% higher at noon. Shares in Fortescue Metals Group (ASX:FMG) are on the rise today after a boost in the price of iron ore. Shares in Elders (ASX:ELD) are on the slide. Installment payment platform Sezzle (ASX:SZL) report record trading for November with Black Friday and Cyber Monday.

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03Dec

Iron ore price rises over 3%: ASX poised to open higher

03 Dec 2020 - The ASX looks set to open slightly higher this morning despite Wall Street closing relatively flat. The Pfizer-BioNTech coronavirus vaccine is set to be rolled out in the UK from early next week. Only the UK stock market reacted to the news. The Australian dollar continues to rise and iron ore shot up over 3%. Travel company Serko (ASX:SKO) report that transaction volumes have increased.

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02Dec

Economy expands 3.3% in September quarter: ASX tracking 0.3% lower at noon

02 Dec 2020 - The ASX had a promising open then took a tumble before midday trade and is now tracking 0.3% lower at noon. Shares in Mesoblast (ASX:MSB) soared today after they announced the FDA has a fast track designation for remestemcel-L in the treatment of Covid-19 infection symptons. Materials is the only sector in the black so far today. Nickel Mines (ASX:NIC) has launched a $364 million capital raising to fund its initial 30% interest in the...

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02Dec

Fresh US stimulus promise boosts markets: ASX set to open higher

2 Dec 2020 - The ASX looks set to open higher this morning as shares in the US rose on hopes of more stimulus measures. Markets were also given a boost by Covid vaccine news as pharmaceutical companies submit their paperwork for regulatory approvals. Zelira Therapeutics Ltd (ASX:ZLD) in partnership with SprinJene®, has launched of its proprietary CBD toothpaste in the US.

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