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S&P/ASX 200 rises for a fourth day in a row; IMF upgrades economic growth to 4.5%

COVID-19 related deaths worldwide crossed 3 million on Tuesday, according to a Reuters tally.

Alto Metals Ltd - S&P/ASX 200
China’s service sector has gathered steam with the sharpest increase in sales in three months.

S&P/ASX 200 (INDEXASX:XJO) is rising for a fourth consecutive session with the index adding 0.20% to 6900 points by 1.13 pm, trading near fresh 13-month highs.

Gains have been widespread with nearly every sector in the green with the IT sector leading improvements along with healthcare and property.

Travel stocks have gained following yesterday’s announcement that the Trans-Tasman travel bubble will begin on April 19.

Qantas (ASX:QAN) rose 3.3%, Flight Centre (ASX:FLT) gained 1.7% and Webjet (ASX:WEB) advanced 0.7%.

4.5% growth forecast for Australia

The International Monetary Fund (IMF) has upgraded its global economic forecasts, including for Australia.

The IMF is expecting the Australian economy to grow by 4.5% this year and 2.8% in 2022. In January, the IMF had expected the economy to grow by 3.5% in 2021.

Top gainers

Today’s top gainers on the ASX include Alto Metals Ltd (ASX:AME) (+13.58%), Antipa Minerals Ltd (ASX:AZY) (+28.57%), Caspin Resources Ltd (ASX:CPN) (+28.24%), Imugene Limited (ASX:IMU) (+13.08%), Kneomedia Ltd (ASX:KNM) (+12.50%), MGC Pharmaceuticals Ltd (ASX:MXC) (+9.84%) and Rumble Resources Ltd (ASX:RTR) (+28.57%).

Proactive news headlines:

Alta Zinc hits thick, high-grade zinc and lead in maiden Ponente drilling at Gorno Project in Italy with silver to boot

Alta Zinc Ltd (ASX:AZI) (FRA:8EE) has received thick, high-grade zinc and lead results from the first drill pad of its maiden drilling program at Ponente area of the Gorno Project in Italy with added silver.

Auteco Minerals discovery of more high-grade gold provides momentum to upcoming resource increase

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Perseus Mining results demonstrate organic growth potential of gold inventory across multi-mine asset portfolio

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K2fly on the move with record quarterly invoices of $2.06 million, ARR up 26% and TCV up 56%

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Castillo Copper to resume aggressive exploration of flagship Mt Oxide Project with 11 new targets and copper-focused pipeline

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Miramar Resources set for busy period as it kicks off drilling after gathering data for highly prospective gold projects

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CV Check completes Bright People Technologies acquisition

CV Check Ltd (ASX:CV1) has completed the acquisition of CI6 Pty Ltd an entity that owns Bright People Technologies Pty Ltd (BPT), a SaaS cloud-based provider of workforce credentials and compliance software through the Enable and Cited brands.

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