Markets

June 2, 2021

Australia…1 hour in… ASX200 up 50

By Scott Phillips | More Articles by Scott Phillips

ASX200 up 50 points (0.7%) to 7193.

 

  • Cimic (+0.8%); UGL awarded $150m contract at Kidston Clean Energy.
  • Miners: big rally overnight in Iron Ore and Oil.   BHP +3.4% BPT +2.3%  BSL +2%  FMG +4.3%  IVZ +10%  OSH +3.2% PLS +2.8% RIO +3%  S32 +2.7% STO +5.2%  WPL +3.2%
  • Woodside (+3.2%); has appointed former WA Treasurer Ben Wyatt as a non-executive director.
  • Worley (+2%); Investor Day. Said it is on track for improved 2H.

 

 

……and while I was on the coffee run this morning the guy in front of me at the café asked for a “single ristretto soy macchiato”.         Shoot me.

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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