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Weekly Wrap 6 August

Jessica Amir
August 6, 2021

Despite rising COVID-19 cases and a falling iron ore price, the Aussie share market rose 1.6% (Mon-Thu), its best gain in 11 weeks. The electric vehicle (EV) mega trend continued to make headlines… Could EV stocks continue to gain momentum and overtake sentiment more recently reserved for the buy now pay later (BNPL) industry?

In this week’s wrap, Jessica covers:

  • (0:40) The Tech sector’s huge 11% boost this week
  • (1:32) The iron ore price falling into bear market territory
  • (2:25) Afterpay (ASX:APT) rising 29% on plans it will be taken over by US giant, Square
  • (4:01) Why the lithium sector is worth taking a closer look at
  • (4:57) Why upside is ahead for the Aussie share market
  • (6:10) Next week’s focus on share buy backs and dividends
  • (7:32) Three key economic news items to watch next week

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