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PEXA’s largest investor, Link Administration, is mulling the future of the platform as the clock ticks on responding to a shock $3.1 billion bid from private equity giant KKR and Domain.
By Reuters Staff 2 Min Read May 28 (Reuters) - Australian shares climbed on Friday, in line with global markets as strong U.S. economic data solidified hopes of continuing recovery, with blue-chip miners leading the charge as iron ore rebounded. The S&P/ASX 200 index rose 1% to 7,163.7 points by 0025 GMT, eyeing its best weekly finish in eight. The benchmark closed flat on Thursday. Japan’s Nikkei opened up 1.6% at 29017.82, and the S&P 500 E-minis futures firmed 17.5 points, or 0.4%. Wall Street closed higher overnight after data showed that the U.S. economy grew by 6.4% last quarter, with...
Asian Shares Mixed After Yellen's Comments CANBERA (dpa-AFX) - Asian stocks ended Friday's session on a mixed note as investors digested upbeat U.S. data and reacted to reports that the world's largest economy will reveal a budget that would increase federal spending to $6 trillion in the coming fiscal year. The dollar firmed up and Treasury yields ticked higher after U.S. Treasury Secretary Janet Yellen said above-normal inflation is likely to persist through the end of the year before fading. Chinese shares fell slightly amid a strong yuan and lingering worries about policy tightening. Sin...
by Tyler Durden Friday, May 28, 2021 - 07:56 AM S&P futures rose on Friday after solid economic data and Joe Biden’s leaked $6 trillion federal budget plans spurred a Wall Street rally in cyclical shares ahead of a closely watched inflation report offsetting recent worries about a spike in prices put the S&P 500 on course for its smallest monthly gain since February. At 7:15 a.m. ET, Dow e-minis were up 177 points, or 0.5%, S&P 500 e-minis were up 16 points, or 0.38%, and Nasdaq 100 e-minis were up 48 points, or 0.35%. Treasuries were steady and the dollar strengthened. Markets will be shu...
Read more about Australia Market advances to 3-month high on Business Standard. At closing bell, the benchmark S&P/ASX200 was up 84.63 points, or 1.19%, up at 7,179.51, a highest level since 20 Feb 2021. The broader All Ordinaries added 79.98 points, or 1.09%, to 7,423.97.