Markets

May 26, 2021

Australia…1 hour in… ASX200 up 3

By Scott Phillips | More Articles by Scott Phillips

ASX200 up 3 points to 7118.

 

  • ALS Ltd (+6.8%); FY profit +35%.    Analyst presentation on as I write…..
  • APA (+0.7%); reaffirms FY guidance.
  • ASX (+0.3%); Deputy CEO Peter Him has resigned and will join Global Investment firm Motive Partners.
  • Commonwealth Bank (+0.3%); Investor Day tomorrow.
  • Fletcher Building (+2.7%); has upgraded its guidance to top end of previous range.
  • Magellan (+1.8%); has launched Magellan FuturePay – the group’s retirement income focussed solution.

 

 

…….and Morgan Stanley have released a research note in the US in the last few hours saying they predict a rise in US interest rates in early 2022.

About Scott Phillips

Scott has over 35 years experience in Australian equities, starting as a “chalkie” and trader on the Stock Exchange Trading Floor and spending the last 25 years advising and trading for International Institutions. He has been an Executive Director at JPMorgan and Nomura, a Governor of the Australian Stock Exchange and was recently awarded a Lifetime Achievment award by the Australian Stockbrokers Association.

View more articles by Scott Phillips →

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