The Market Movers || Market Movers Driving ASX 200 Ahead of Long Weekend

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The Market Movers || Market Movers Driving ASX 200 Ahead of Long Weekend

• While ASX see-saws, US equity markets surged, and bond yields softened after a jump in US inflation was viewed as not sufficient enough to make the US Federal Reserve alter its easy monetary policy stance. 

• AMP has appointed former State Street Global Advisors MD, Shawn Johnson, to run AMP Capital ahead of its demerger from the flagship funds management division. Mr Johnson served as Senior Managing Director and Chairman of the Investment Committee of State Street Global Advisors.

• The energy index fell despite oil prices hovering at two-year highs. Crude oil prices ticked up on Thursday to their highest level in more than two years in a volatile trading session.

• Then, Australian Energy players such as Woodside Petroleum, AGL Energy Beach Resources, and Origin Energy are trading in red.  

• On Thursday, iron ore prices advanced as benchmark steel futures in Shanghai rose for a second consecutive day.

• Then market darling Afterpay jumped  to mark its highest levels in a month. Software maker Altium Ltd also recorded gains. 

• Investors weighed a larger than expected surge in consumer prices against promising data on claims for unemployment benefits.

• Renowned gambling and entertainment player, SkyCity Entertainment Group soared on providing its earnings guidance for financial year 2021.

• Domino's Pizza Enterprises (ASX:DMP) jumped up on entering into a binding agreement to acquire 100% of Domino's Taiwan for roughly AU$79 million. 

• Meanwhile, The International Monetary Fund said on Thursday it has economic and legal concerns regarding the move by El Salvador to make bitcoin a parallel legal tender 

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