Economy News Shares

ASX Indices Up 1.6% And Holding Firm on Gains


There is not a lot of comments on the Australian Markets today, I’m guessing it’s because all the regulars are glued to your web log that is real time Harry and Megan’s Oprah meeting instead.

The S&P/ASX 200 is up 1.6 % at lunch time today, a gain of 110 points regardless of the lack of attention. All sectors continue to be in green with real estate and resources dragging. Materials continue to out-perform, while information technology has fallen up to a 0.9 percent gain. It really is being dragged down by near-map and Afterpay, that was up 5.8 %, it is now down 0.1 per cent at $115.22. Its buy now, pay later stablemate, Zip Co is down 3.1 per cent to $9.26 today. Zip Co was trading at $14.53 just a weeks which are few.

The banks are more powerful with Commonwealth Bank reaching $88.42, a growth of 2.3 percent, National Australia Bank is up 1.9 % to $26.88, ANZ Bank is up 1.1 percent to the price that is highest since May 2019 at $29.17, and Westpac is up 0.6 percent to $25.02.

Japan’s Nikkei is up 1.1 % and Hong Kong’s major index, the Hang Seng, is up 1 percent, but China’s CSI300 is down 0.3 %. Australia bond that is 10-year are at 1.76 % and New Zealand yields have reached 1.8 per cent.

Biggest gains on the ASX200 at lunchtime.

Fresh from the editing suite – this week’s bout of the squeeze that is quick offered to tune in to now. There is not a lot of comments on the Australian Markets today.

This I will be joined by baking reporter Clancy Yeates and we discuss if those dividend limitations really were necessary week. I give an explanation for America Rescue Plan, and Clancy describes why New Zealand home rates might right here impact investors. Grab some headphones.


Billy Houghton

Billy Houghton is a top acclaimed and sought-after commodities futures trading expert. The expertise and in-depth level of analysis that is offered by Billy Houghton is what has managed to put him at the stage of being the top ranked author for MetaNews among multiple different categories. Throughout his career, Billy has specifically spent over three decades on Wall Street fine-tuning his skills, which included over two decades at a trading desk. In more recent times, specifically the last decade, Billy has been researching algorithms of AI in futures trading, and believes they are the future of trading.
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