Wednesday , May 22 2019
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ANZ lowers ASX



"In the coming weeks, the Federal Reserve's FOMC meeting will be key to the outlook for the downturn, and in particular the signs that the balance-sheet reduction at the end of the year will end or even end," he said.

There were major miners this week. Rio Tinto rose 1.2 percent to $ 91.65, South 32 rose 0.8 percent to $ 3.81, and Fortescue Metals Group closed at $ 6.48. The BHP group, which fell 0.3% week on week, fell 1.1% to $ 36.48.

Gold miners backed this week's market entry because investors were hedging in the uncertain future of Brexit's future and trade war this week. Newcrest Mining rose 0.9% to $ 24.72, Evolution Mining climbed 4.6% to 3.65%, St Barbara to 7.9% to $ 4.50, and Saracen Minerals to $ 2.9 to 8.9%.

Kogan.com shares fell 6.5% to $ 3.74, despite share price rises since the announcement of the Kogan Marketplace to compete with Amazon, eBay and Catch Group. The new platform will allow third-party traders to sell products through the platform, including Microsoft, Breville, Lego, Fisher-Price, Paw Patrol, SodaStream, Gillette, Gucci and Philips.

Major financial stocks have caused losses in the local stock market. ANZ shares fell 2.8% this week to $ 26.35. Westpac fell 1.9% to $ 26.48, NAB fell 0.7% to $ 25.21, Commonwealth Bank fell 1.2% to $ 72.31 and Macquarie to $ 127.74.

Sigma Healthcare dropped 14.6% this week to 52.5 cents this week after rejecting an offer from rival Australian Pharmaceutical Industries. Sigma 's Mark Hooper said the $ 730 million cash and takeover offer should be significantly increased.


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