DIARY NEXT WEEK Inflation rates will headline next week as we see Australian CPI numbers on Wednesday morning, EU Inflation rate on Thursday night and US PCE Price Index (the Fed's preferred measure of inflation) early on Friday morning. Michele Bullock described Austrlian inflation as "homegrown" last Thursday night and estimated it will take more than…
The ASX 200 finished the week on a positive note, up 12 points to 7041 (+0.2%), and for the week the ASX 200 edged lower, down 0.12%. Sectors finished mixed. Utilities remained the top performing sector all day
US markets were closed overnight for the Thanksgiving Holiday. Markets also close early tomorrow. On the European front, the STOXX 600 added 0.3%, extending recent gains and hitting a fresh two-month high. While the STOXX 50 also advanced 0.2% to a three-month high as the market digests latest economic data for hints on the ECB’s upcoming policy…
Wall St Closed – If ever there was an excuse for a four day week – this is it – nothing to report
BHP and RIO with daily sell signals.
AMP printing a daily and weekly buy signal after yesterday’s bounce.
A stock we like, BKW is gathering for a break-out.
Selling a couple of things on the back of the Bullock speech. Locking in trading profits.
Webjet (WEB) released impressive first-half financial year results on Wednesday. Bookings, revenue and profit are all now above pre-market levels. Significant growth in the WebBeds segment and positive guidance
ACTION
Selling GPT on the open in the Ideas Portfolio.
Selling SLF on the open in the Ideas Portfolio.
SUMMARY
US closed.
Australia walking its own path on inflation.
The ASX has closed down 44 points (-0.6%) to 7029. A solid night in the US not enough to outweigh selling pressure caused by a Hawkish Michele Bullock and falls in the oil price.
A couple of new stocks today as the market fades into the US holiday
