Early on there was cause for joy, oh yes, there were even brief bouts of optimism following a decent lead overnight for materials, but by the end of the session we were down to the tune of 1.1%.

Early on there was cause for joy, oh yes, there were even brief bouts of optimism following a decent lead overnight for materials, but by the end of the session we were down to the tune of 1.1%. Local data revealing a record trade surplus did little to boost sentiment. CSL, BHP, Rio Tinto and Woolworths were ex-dividend, weighing down the broader market. But misery loves company and it's somewhat mollifying the entire Asia-Pac region had a soft session, not helped by e-minis and Nasdaq futures opening lower. Financials were a rare outperformer, perhaps a spillover from yesterday's stellar GDP report, although banks in general are beneficiaries of a steeper yield curve. Our top three VODs are: Morgans' three high conviction calls for the post-reporting period The winners of reporting season? Media Three buys for a five year horizon... (with a bonus) Hosted on Acast. See acast.com/privacy for more information.