Strategy By Henry – RBA the Main Race
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.
ASX Today
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…
RBA Raises Cash Rate Target To 4.35%
The RBA has raised the official cash rate target by 25bps to a 12-year high of 4.35%. Highlights of the meeting include:
END Of DAY Report
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%
ASX Today
ASX 200 is up 21 points in cautious trade ahead of the RBA tomorrow. Banks are firm and WBC results helping with the stock up 3.6% on a $1.5bn buyback and a $7.2bn profit. MQG giving back some of its gains fro
END Of DAY Report
ASX 200 rose 19 points to 6998 (0.3%) in cautious trade ahead of the RBA tomorrow. Banks were firm and WBC results helping with the stock up 2.0% on a $1.5bn buyback and a $7.2bn profit