FINSOC Weekly Wraps Vol.13

Jun 13, 2021 Weekly Wraps

– Technology stocks lead ASX to reach a record high of 7312.3 points – Bitcoin bounces back from its lowest price since May – Meat and food processing giant JBS Australia rights a $175m deal to purchase Rivalea Australia – Top performers of the market for this week are Materials and IT, followed by Energy and Health Care sectors – Australia’s AAA credit outlook from changes from negative to neutral, reflecting Australia’s strong economic recovery credited to massive fiscal and monetary stimulus.