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Tech turbulence as inflation fears rise Will tech stocks be on the firing line again this week? Rising investor fears of inflation in the US caused a tech selloff last week. Will teetering tech continue to weigh on US markets? Bitcoin soared past record highs last week. However, as rising bond yields and investor fears…
CommBank cuts Afterpay’s grass Several European countries suspended the AstraZeneca COVID-19 vaccine, Afterpay met its newest Buy Now Pay Later rival, and Bitcoin soared past 62,000 US dollars this week. Locally, the ASX closed lower on Friday and shed 0.87% for the week as the tech sector faced a widespread selloff on the back of…
What’s next for tech? Tech stocks, China industrial production and Aussie jobs data are all in the spotlight in the Grafa week ahead. The tech sector provided a tailwind for Aussie and US markets late last week as investors piled on companies like Nearmap and Afterpay locally, and Tesla and Apple on Wall Street. While…
Buy now, pay later gets new player US President Joe Biden got his US$1.9 trillion stimulus plan, PayPal enters the buy now, pay later race and Australia’s travel sector received a government lifeline in Grafa headlines this week. Locally, the ASX closed 0.8% higher on Friday, driven by tech rallies locally and on Wall Street,…
Man with a monetary plan Reserve Bank of Australia Governor Philip Lowe is the man overseeing the nation’s monetary plan, so what he says matters. Gov. Lowe will provide an insight into the bank’s view on Australia’s economic recovery, investment and monetary recovery at a business speech on Wednesday, with traders keenly listening for clues…
Code breaker; Klarna raise; Oz recovery Loopholes in the buy now, pay later (BNPL) code of conduct, Klarna’s expansion and Australia’s economic recovery all made Grafa headlines this week. Locally, the ASX closed 0.74% lower on Friday but gained 0.56% for the week. The first ever code of conduct for the BNPL sector came into…
D-Day for BNPL players It’s D-Day for the buy now, pay later sector, the RBA meets and Aussie GDP data is released in the Grafa week ahead. Will the seemingly unstoppable buy now, pay later sector come down from its record highs when a new code of conduct comes into play today? With tighter rules…
Code breaker; Klarna raise; Oz recovery Loopholes in the buy now, pay later (BNPL) code of conduct, Klarna’s expansion and Australia’s economic recovery all made Grafa headlines this week. Locally, the ASX closed 0.74% lower on Friday but gained 0.56% for the week. The first ever code of conduct for the BNPL sector came into…
D-Day for BNPL players It’s D-Day for the buy now, pay later sector, the RBA meets and Aussie GDP data is released in the Grafa week ahead. Will the seemingly unstoppable buy now, pay later sector come down from its record highs when a new code of conduct comes into play today? With tighter rules…
Australia hot for COVID shots COVID vaccines, news media laws, UK unemployment and the US economy are all in the spotlight in the Grafa week ahead. The long-awaited rollout of a COVID-19 vaccine begins across Australia today, with 80,000 initial doses of the Pfizer jab to be given to frontline health and quarantine workers, as…
COVID, CARS & KFC COVID lockdowns, the European economy and Aussie jobs are all in the frame in the Grafa week ahead. Victoria’s snap five-day lockdown is set to end midnight Wednesday, with any extension dependent on how quickly authorities can contain the COVID-19 cluster. Friday’s ASX session saw investors pouring into pandemic-winning stocks like…
All the way with USA? If the US sneezes, Australia can catch a cold, so all eyes will be on the US economy this week as President Joe Biden’s US$1.9 trillion stimulus package looks set to clear its final hurdles. The US Senate voted last week to approve a budget reconciliation process that could allow…
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