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Daily Alert: Another week, another record close for US sharemarket

  • US sharemarkets climbed on Friday on optimism over the vaccine rollout, while investors rebalanced portfolios ahead of quarter-end.
  • Global oil prices rose 4% on Friday on concerns that global supplies of crude and refined products could be disrupted for weeks as workers try to dislodge a massive container vessel blocking the Suez Canal.
  • Locally, February building consents data are due on Tuesday, and the ANZ Business Outlook results are due on Wednesday.

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