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%
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:
Henry’s Take – Monday, Monday, so Good to Me
SMALL CAP PORTFOLIO 2.45pm Updates WBT having an incredibly volatile day. High of 445c and a low of 375c. First revenue isn’t much but it is something. Hopefully, 100k is not it for now. Perhaps that is why the market sold off. Uranium stocks having a big sell off. Not sure why except they have…
Strategy – WBC Results
SUMMARY All in – For now! I have the conch! WBC Results. Dividend 72c and $1.5bn buyback. The machine rolls on! Adding MQG to the One Stock Portfolio. STRATEGY – ‘ALEA IACTA EST’ We have made our bed for better or worse with our embrace of the new bull run. Marcus is in Thailand so…
Pre-market Podcast
US equities gained Friday as bond yields fell after US jobs data, which showed signs of slowing growth and an uptick in unemployment.
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
END Of DAY Podcast
ASX 200 is up 19 points to 6998 (0.3%) in cautious trade ahead of the RBA tomorrow. Banks