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02Jul

S&P 500 hits a record high, Energy leads: Why Reece is a sell: ASX to open higher

02 Jul 2021 - I cover Wall St's performance as they continued their momentum to start the 2nd half of the year. Jobless claims dropped ahead of labour figures. Oil prices boost markets while OPEC continues their talks on supply which helped European markets as Prime Minister Boris Johnson makes an upbeat statement. Asian markets responded to weak manufacturing figures. Yesterday the ASX 200 ended the day on a backfoot. Macquarie cuts Reece's (ASX:REH) rating. Six companies pencilled...

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30Jun

S&P 500, Nasdaq eked up on tech rally, Why Metcash is a buy: ASX to rise

30 Jun 2021 - In this report, I cover Wall St's performance on the back of two pieces of economic data. Semiconductor stocks helped the Technology rally. A wrap-up of yesterday's session including KFC and Taco Bell operator Collins Food's (ASX:CKF) full-year results. Why Metcash (ASX:MTS) jumped 5.7% and Credit Suisse's rating on it. RBA governor to speak today.

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25Jun

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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23Jun

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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