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Australian firm to produce structural fiberglass components for infrastructure in Texas

Wagners Composite Fiber Technologies LLC bought a 12-acre site to build its first U.S. manufacturing and assembly facility for pultruding beams and profiles for civil applications. ....

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The Overnight Report: Rotation Resumes

Double Counting
After a very strong night on Wall Street, the AX200 opened with a flourish yesterday as the computers pushed the index up 71 points in the first half hour. Then a human pointed out the reasons Wall Street had rallied on Monday night were the exact same reasons the ASX200 had rallied hard on Monday, so why are we going again?
At 2pm the index was back where it had closed on Monday, sparking a brief rally, before selling overwhelmed once more and from peak to close the index had fallen -100 points.
Nothing to be overly concerned about. And this morning, with the S&P500 down -0.8%, our futures are up 16. ....

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The Overnight Report: March On

Oh no you don’t
The local market was already set for a positive day from the morning’s open yesterday. Aside from last Friday’s action very much reflecting end of month squaring, over the weekend the US House had passed Biden’s US$1.9trn stimulus package and the FDA had approved Johnson & Johnson’s vaccine.
While coming in a late third in the US, J&J’s vaccine is being hailed as a game-changer, given it is one-dose only and can be stored in a fridge. The rollout begins this week.
Back locally, in came the day’s economic data. ....

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