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The ASX200 started the week in the red, down 0.6% yesterday, with travel stocks coming under pressure and all four of the big banks closing between 1-2% lower.
Nickel Mines (ASX:NIC) closed about 8% higher after it signed a memorandum of understanding with Shanghai Decent Investment as a framework for future development projects.
The US market was mixed. The Dow managed to gain 0.05%, however both the S&P500 and Nasdaq came under pressure. Biden announced that he would renominate Jerome Powell to continue to lead the Federal Reserve, which saw bond yields rise and bank stocks gain, while tech stocks lost strength.
After a mixed session on Wall Street, the futures are suggesting the Aussie share market will open slightly lower this morning, down 0.16%.
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