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ASX ready to make its next move

A big day for the ASX Ltd (ASX:ASX) , the company that controls the country’s main stock and futures markets. A newish CEO, board changes, a log of projects dropped (at a multi-million-dollar cost), new profit and dividend targets, a first ever bond raising, and a promise to give the market an improved, working trading

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ASX 0.7% lower as investors await RBA’s interest rate decision

At noon, the S&P/ASX 200 is 0.7 per cent lower at 7,165.50 as traders await the Reserve Bank of Australia’s interest rate decision at 2.30pm. Consumer discretionary, staples, and financials sectors reported losses. Wesfarmers (ASX:WES) shares have fallen 1.2 per cent. Harvey Norman (ASX:HVN) have dropped 2.5 per cent. Baby Bunting (ASX:BBN) have tumbled 20.5

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Stocks of the Hour: Sigma Healthcare, Musgrave Minerals, Adavale Resources

Sigma Healthcare (ASX:SIG) has been awarded a supply contract with Chemist Warehouse. CEO Vikesh Ramsunder commented: “The contract allows us to leverage our highly automated distribution centres and latent spare capacity after multiple years of investment.” Shares are trading 21.26 per cent higher at 77 cents. Musgrave Minerals (ASX:MGV) is being taken over in an

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Markets react as investors focus on Fed’s target to bring down inflation

The S&P 500 finished lower on Monday, erasing earlier gains that brought the benchmark index to trade at its highest level on an intraday basis in nine months.  Whilst major debt and banking fears have dissipated, what comes next hinges on the Federal Reserve’s target for bringing down inflation. Despite recent moves, worries persist over

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