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The Travel Management Services Market is poised to experience spend growth of more than USDÂ 534 billion at a CAGR of over 6.16%. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Request free sample pages
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ASX travel shares are the talk of the town with the world starting to open up again.
But most stocks in that sector already have high valuations that have post-COVID recovery built in.
That’s despite some, like
Flight Centre Travel Group Ltd (ASX: FLT) and
Webjet Limited (ASX: WEB), having to raise massive capital and debt just to survive.
But one fund manager has called out one ASX travel share he believes is in a better position now than before the pandemic.
Time for adventure
Experience Co Ltd(ASX: EXP) intrigues Forager Funds senior analyst Alex Shevelev with its potential.
Asian Open: Biden Administration to Waiver COVID-19 IP Rights
Matt Simpson May 5, 2021 11:01 PM
Risk appetite was given a boost overnight as the Biden administration confirmed it will support WTO’s suggestion to waiver property right for COVID-19 vaccines. Share:
Asian Futures:
Australia s ASX 200 futures are up 5 points (0.07%), the cash market is currently estimated to open at 7,100.80
Japan s Nikkei 225 futures are down -20 points (-0.07%), the cash market is currently estimated to open at 28,792.63
Hong Kong s Hang Seng futures are up 78 points (0.28%), the cash market is currently estimated to open at 28,495.98
UK and Europe:
Europe s Euro STOXX 50 index rose 77.99 points (1.99%) to close at 4,002.79
Jarden Brief: US markets in the red, Nasdaq down 2.4%
4 May, 2021 08:49 PM
7 minutes to read
US stocks were struggling this morning. Photo / Getty Images
NZ Herald
Coming Up Today:
New Zealand: On Tuesday, the NZX50 recorded a strong performance, increasing 1.1 per cent.
Ahead of the Global Dairy Trade Auction, milk powder producer A2 Milk and dairy company Synlait Milk increased 3.4 per cent to $7.99 and 3.0 per cent to $3.39 respectively, closing as the top performers of the day. Napier Port Holdings (+2.3 per cent to $3.57) rounded out the top performers, correcting some of the losses from Monday s session.
The GDT auction this morning saw fats down after additional butter supply was announced last week. AMF was down 4.2 per cent and butter was down 12.1 per cent. The large increases seen in US corn prices in the past 3-4 months have pushed US SMP prices higher and supported the values seen in other origins, including New Zealand. WMP was up 0.7 per c