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ASX opens lower as GDP data release looms /
npub1n0r…d2zn
2024-06-21 05:01:08

ASX opens lower as GDP data release looms on Nostr: ASX 200 ends higher as interest rate relief offsets weakening commodity prices ...

ASX 200 ends higher as interest rate relief offsets weakening commodity prices
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#5a133149 ver:0.08

The ASX 200 ended higher despite weakening commodity prices, thanks to interest rate relief. The real estate sector performed well, offsetting losses in energy and mining stocks. Medibank is being sued for misleading customers, while Bitcoin's price rose above $70,000. Overall, the ASX200's performance, IGO's new CEO, and Golding Contractors' mining contract were key highlights. Iron ore and oil prices dipped, and investors are watching quarterly GDP data. Infratil and Qualitas Real Estate Income Fund shares will trade ex-dividend, and Treasury Wine Estates will be scrutinized. The ASX 200 is expected to open slightly lower....

#newstr #Asx200 #AustralianSharemarket #GdpGrowth #InterestRates #CommodityPrices #RealEstateSector #BigFourBanks #MiningStocks #IronOreFutures #Bhp #Fortescue #RioTinto #Medibank #Bitcoin #Kathmandu #Sales #Booktopia #Woolworths #Cochlear #Nvidia #TreasuryYields #UsEconomicGrowth

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