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2 ASX shares hitting record highs this week


2 ASX shares hitting record highs this week
These 2 shares have extended their run in 2021.
Multi Asset Portfolio Strategist at Zecca Capital Partners
Zach is a hedge fund analyst with an extensive background in equities and portfolio management. Alongside contributing to The Motley Fool, he works in portfolio strategy with a multi-asset and multi-strategy hedge fund manager. As such, he has a unique approach to research and investing, taking a top down approach to identifying unique value propositions that sit within his circle of competence. Zach enjoys the more Foolish things in life, in addition to Rugby.
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SpaceX voit son réseau Internet par satellites couvrir l'ensemble de la planète dès septembre

SpaceX voit son réseau Internet par satellites couvrir l'ensemble de la planète dès septembre
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Budget bump to push ASX to double-digit returns this year


Budget bump to push ASX to double-digit returns this year
Share
The record breaking rally in Australian shares faces an extra bump from a spendthrift budget in a move that could send the market to double-digit returns this year, UBS analysts predict.
The S&P/ASX 200 index reclaimed all of its losses from the pandemic on Monday to set a record high on the eve of the federal budget and is expected to grind higher with a series of new government spending initiatives.
The index fell 1.06 per cent on Tuesday, but investors are preparing for the wave of fiscal spending to add fresh thrust to local shares, pushing the blue-chip index to 7500 points by the end of the year, according to the broker. ....

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ASX to slip, iron ore extends rally


ASX to slip, iron ore extends rally
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Iron ore’s latest surge is not done yet. Read the latest here.
Roaring banks and miners lifted the ASX on Friday, read about it here.
Australian shares are set to edge lower to start the week, even with iron ore as well as both the Dow and S&P 500 resetting their respective record highs.
ASX futures were down 4 points or 0.1 per cent to 7055. The Australian dollar leapt 0.8 per cent to US78.44¢.
The yield on the US 10-year - which plunged 10 basis points on the jobs data - ended up 1 basis point at 1.58 per cent in New York’s Friday session. ....

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