ASX 200 pushes 18 points higher to 6995 (+0.3%). A tale of two cities with banks and industrials doing well and resources falling by the wayside. No sooner had a couple of brokers raised their forecast for iron ore than the miners staggered and slumped. Iron ore price easing and Chinese data not helping from…
STRATEGY SUMMARY
No change to strategy. A pause that refreshes? Hopefully.
The Banking Machine shows its strength.
Adding a couple REIT’s to the Income Portfolio.
The ASX 200 is down 30 points to 6968 (0.15%), following US cautious trade ahead of this afternoon’s RBA decision. Four major sectors are in the green and seven in the red. Healthcare is the best performer with CSL up 0.8%, COH up 1.5% but RMD taking a breather down 0.4%. Financials the worst with…
The RBA has raised the official cash rate target by 25bps to a 12-year high of 4.35%. Highlights of the meeting include:
ASX 200 fell 20 points to 6977 (0.3%) after the RBA raised rates by 25bps. Slight rally after the RBA decision and Melbourne Cup. Banks were soft, WBC down 2.7%
US stocks made narrow gains, Nasdaq Composite up 0.3%,longest positive streak since January. S&P 500 up 0.18%, The Dow Jones up 34.54 points, or 0.1%
