Happy new (financial) year 🥳 - The COB from ausbiz

What this episode covers

Local stocks limped into the weekend, delivering a lacklustre start to the new financial year. The Aussie dollar fared worse, tumbling to two-year lows. Large caps held the broader market back with materials and energy sliding 1.6% and 3.1% respectively. Industrials, utilities and REITs led the way, posting gains of more than 1.6%. All other sectors rose between 0.2% and 0.9%. Brambles rose 2.9% after ditching plans to pursue plastic pallets. Shipbuilder Austal jumped 25.4% after winning a monster contract. When the tale the tape is studied in the years ahead, it will show the S&P/ASX 200 fell 28.2 points, or 0.43$, to close 6539.9.Our top three VODs:SHOULD YOU BE WORRIED ABOUT FALLING HOUSE PRICES?WHY NOW IS NOT THE TIME FOR A 'CLASSIC' DEFENSIVE PORTFOLIOBRAD'S 'FALLEN ANGEL' STOCK PICKS Hosted on Acast. See acast.com/privacy for more information.

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Frequently Asked Questions

How long is this episode of The COB from ausbiz?

This episode is 10 minutes long.

When was this The COB from ausbiz episode published?

This episode was published on July 1, 2022.

What is this episode about?

Local stocks limped into the weekend, delivering a lacklustre start to the new financial year. The Aussie dollar fared worse, tumbling to two-year lows. Large caps held the broader market back with materials and energy sliding 1.6% and 3.1%...

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