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S&P/ASX 200 on track for seventh consecutive month of gains


S&P/ASX 200 on track for seventh consecutive month of gains
Amazon on Thursday released first-quarter results that exceeded analysts’ expectations, with sales soaring 44% year-over-year to US$108.5 billion and profits more than tripling to US$8.1 billion.
Brent crude oil price rose 1.3% to US$68.16 a barrel on Thursday.
S&P/ASX 200 (INDEXASX:XJO) dipped 0.60% to 7,039.5 points by 12.51 pm even as US markets rose overnight on strong corporate earnings data.
Locally, this is a second weekly decline a row, but the ASX 200 remains firmer for the month with a gain of 3.6%.
This would make it a seventh straight month of gains with the market rising about 20% in this time. ....

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FTSE 100 trims gains; house prices rise 2.1% in April, the largest monthly increase since 2004


FTSE 100 closes on the front foot, with AstraZeneca the top riser
Footsie finished Friday ahead by around eight points, or 0.12%, at 6,969,
FTSE 100 closes around eight points higher
AstraZeneca top blue-chip riser
5.05pm: FTSE closes ahead
FTSE 100 closed on the front foot at the end of the trading week, with drugs giant and much-in-the-news COVID-19 vaccine producer AstraZeneca (LON:AZN) the top dog.
Footsie finished ahead by around eight points, or 0.12%, at 6,969, with the psychologically significant 7,000 level now coming back into view.
Over the week as a whole , the FTSE 100 added around 0.45%.
AstraZeneca shares closed up over 4% at 7,715p as traders welcomed an upbeat first quarterly results statement, which showed sales of US$7.3 billion, around 15% higher compared to the first quarter of 2020. ....

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Red River Resources Ltd well-funded to progress further development at Thalanga and Hillgrove operations


Red River Resources well-funded to progress further development at Thalanga and Hillgrove operations
Red River sold 6,700 DMT zinc concentrate, 1,484 DMT lead concentrate and 3,025 DMT copper concentrate during the March quarter.
Red River’s Thalanga Operation is 65 kilometres southwest of Charters Towers in North Queensland.
Red River Resources Ltd (ASX:RVR) (FRA:R1R) generated $26 million in revenue during the March quarter with $25.4 million from base metal concentrate sales at the Thalanga Project in Queensland and $600,000 from the new Hillgrove Gold Mine in New South Wales and is well-funded for further development at both.
The company has started processing data received from a microgravity survey at Thalanga, where Red River is targeting Thalanga-style volcanic-hosted massive sulphide (VMS) deposits along the southern side of the Thalanga Range to the west of the Thalanga mine. ....

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