EPISODE · Feb 9, 2021 · 19 MIN
After a strong start to February, profit taking set in on the local market today.
from The COB from ausbiz
After a strong start to February, profit taking set in on the local market today. Early gains evaporated as the session progressed. Losses were led by utilities and REITs, hit by a continued move higher in longer dated bond yields. The major index ended down 0.8%. Ahead of Commonwealth Bank's first-half report tomorrow, financials also gave back ground with the sector closing down 0.7%. Materials and energy were the relative outperformers, buoyed by higher commodity prices in the overnight session...Our top three VODs are: Jun Bei Liu runs the ruler over three stocks this reporting seasonThe Wolf of Wall St: "no one knows where this is going to end"Challenger going on a post-pandemic spending spree Hosted on Acast. See acast.com/privacy for more information.
What this episode covers
After a strong start to February, profit taking set in on the local market today. Early gains evaporated as the session progressed. Losses were led by utilities and REITs, hit by a continued move higher in longer dated bond yields. The major index ended down 0.8%. Ahead of Commonwealth Bank's first-half report tomorrow, financials also gave back ground with the sector closing down 0.7%. Materials and energy were the relative outperformers, buoyed by higher commodity prices in the overnight session...Our top three VODs are: Jun Bei Liu runs the ruler over three stocks this reporting seasonThe Wolf of Wall St: "no one knows where this is going to end"Challenger going on a post-pandemic spending spree Hosted on Acast. See acast.com/privacy for more information.
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After a strong start to February, profit taking set in on the local market today.
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