Daily Market Update

ASX rallies on the back of QE pump priming

ASX rallies on the back of QE pump priming, healthcare falls, Tabcorp (ASX:TAH) confirms bid The ASX200 (ASX:XJO) continued its strong start to the week, finishing 1.5% higher after news that the Reserve Bank of Australia would be keeping rates on hold. Every sector

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ASX overcomes early falls

ASX overcomes early falls, silver next in line for day traders, Worley (ASX:WOR) downgrade The ASX200 fell over 1% at the open following a weak overseas lead but managed to finish 0.8% higher for the day, bringing back memories of the 2020

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ASX to open lower

Swings and roundabouts, ASX to open lower, Kogan (ASX:KGN) smashed to finish the week The ASX200 (ASX:XJO) finished January 0.3% higher, the third straight positive month, despite swinging from a 1.2% gain to a 0.6% loss on Friday. Over the week it

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Markets go risk off for a day

Markets go risk off for a day, trading mayhem continues, Fortescue Metals (ASX:FMG) record production The ASX200 (ASX:XJO) dropped at the open after a negative lead from the US, ultimately finishing down 1.9% for the day; the worst in several months. 90%

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ASX down 0.7%, reality setting in

ASX down 0.7%, reality setting in, Reliance Worldwide (ASX:RWC) jumps on overseas sales The ASX200 (ASX:XJO) awoke from the long weekend falling 0.7% on the back of weakness in the materials and energy sectors. The iron ore price remains one of the key drivers

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ASX200 0.4% higher, quiet day of news

ASX200 0.4% higher, quiet day of news, Fortescue (ASX:FMG), Zip Co (ASX:Z1P) among the strongest The ASX200 (ASX:XJO) finished 0.4% higher on very light volume with most participants clearly opting for a long weekend. The consumer and IT sectors continued to outperform

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ASX at 11 month high

ASX at 11 month high, Fortescue’s (ASX:FMG) bumper dividend, Lynas (ASX:LYC) in deal with US Government The ASX200 (ASX:XJO) reached an 11 month high this week, adding 1.3% for the week despite falling 0.3% in late trading on Friday. The commodities sector

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ASX200 pushes towards record

ASX200 pushes towards record, commodity reports, is Zip (ASX:Z1P) the new BNPL leader?  The ASX200 (ASX:XJO) benefited from a strong overseas lead and news that unemployment has fallen to just 6.6% to finish 0.8% higher. Surprise, surprise, technology was the leader once

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ASX200 jump again, BHP records broken

ASX200 jump again, BHP (ASX:BHP) records broken, Ansell (ASX:ANN) demand continues The ASX200 had another strong day, this time a combination of energy (1.34%) and IT (2.54%) sending the price higher. It seems overseas investors may have identified Afterpay (ASX:APT) as a cheaper alternative

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ASX finishes higher, broker upgrades galore

ASX finishes higher, broker upgrades galore, Bingo (ASX:BIN) gets a private equity bid The ASX200 (ASX:XJO) finished 1.2% higher on Tuesday, benefitting from increasing corporate activity and a round of broker upgrades for mining and retail companies. The discretionary retailing sector finished

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ASX to open lower

Swings and roundabouts, ASX to open lower, Kogan (ASX:KGN) smashed to finish the week The ASX200 (ASX:XJO) finished January 0.3%

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ASX at 11 month high

ASX at 11 month high, Fortescue’s (ASX:FMG) bumper dividend, Lynas (ASX:LYC) in deal with US Government The ASX200 (ASX:XJO) reached

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ASX200 pushes towards record

ASX200 pushes towards record, commodity reports, is Zip (ASX:Z1P) the new BNPL leader?  The ASX200 (ASX:XJO) benefited from a strong

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