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ASX 200 drops, Brickworks soars, Woolworths falls on Wednesday 9 June 2021

According to reporting by the Australian Financial Review, the broker UBS thinks that Afterpay’s growth rate in Australia is going to fall a lot later this year as it reaches maturity in its first market. The broker continues to think that the ASX 200 BNPL business is going to attract more attention from the Reserve Bank of Australia as merchants pay around eight times more than debit cards. UBS thinks that the Afterpay share price is too high because of rising competition, regulation and un...
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Asian Markets Higher On Fed Comments

Asian Markets Higher On Fed Comments CANBERA (dpa-AFX) - Asian stock markets are higher on Thursday, after the Fed announced its widely expected decision to maintain ultra-easy policy. The Fed left interest rates and asset purchases unchanged even as the central bank upgraded its assessment of the U.S. economy. The cues overnight from Wall Street were weak. Asian markets closed mostly higher on Wednesday. Investors are also awaiting U.S. President Joe Bidens address to a joint session of Congre...
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Markets Live, Thursday 29 April, 2021

Market wrap: ASX adds another 0.3% as all-time highs loom By Alex Druce The Australian sharemarket is at its highest since the coronavirus hit and likely to push even further ahead after a strong session for mining and technology stocks. The benchmark ASX200 added another 0.3 per cent on Thursday to finish at 7082.3, its best close since February 21 last year. The index touched a peak of 7096.9 during the session. Iron ore miners BHP and Rio Tinto were strong - each gaining 0.9 per cent - while...
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