ASX 200 frittered away early gains to close down 53 points at 6988 (0.8%) in a mixture of apathy and low volumes. Iron ore weakness in Asia the turnaround as China authorities move to more supervision on pricing. BHP, RIO and FMG all took on water down around 1.5%. Lithium stocks depressed again, PLS down 2.5%, IGO off 3.3% and MIN off
The Dow finished up 117 points (+0.33%). Up 126 points at best. The S&P 500 finished flat, and the NASDAQ fell 0.11%
Wall Street had a half day on Friday following the holiday on Thursday. A lot…
DIARY NEXT WEEK Inflation rates will headline next week as we see Australian CPI numbers…
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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.
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
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
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