EPISODE · Oct 15, 2020 · 15 MIN
RBA Governor, Philip Lowe, strongly hinted at a November rate cut today, which the markets loved. The ASX 200 closed up 0.5%...
from The COB from ausbiz
RBA Governor, Philip Lowe, strongly hinted at a November rate cut today, which the markets have already largely priced in anyway. The market reacted positively to the dovish speech, which also focused on job creation, to close up 0.5%. Materials and energy were the big gainers while consumer discretionary, healthcare and finished in the red. September unemployment came in at 6.9%, which was pretty much dead on the consensus estimate so little impact on markets there. Don't forget, entries for the Strawman Classic trading competition close at 5pm AEDT tomorrow. The winner takes home a $10,000 ThinkMarkets trading account! Our top three VODs today are:Marcus Padley: The run up in bank stocks is all technical "mumbo-jumbo"It's raised $92M from institutional investors but Frontier isn't finished yetIn every crisis, only one sector stands out from the pack Hosted on Acast. See acast.com/privacy for more information.
What this episode covers
RBA Governor, Philip Lowe, strongly hinted at a November rate cut today, which the markets have already largely priced in anyway. The market reacted positively to the dovish speech, which also focused on job creation, to close up 0.5%. Materials and energy were the big gainers while consumer discretionary, healthcare and finished in the red. September unemployment came in at 6.9%, which was pretty much dead on the consensus estimate so little impact on markets there. Don't forget, entries for the Strawman Classic trading competition close at 5pm AEDT tomorrow. The winner takes home a $10,000 ThinkMarkets trading account! Our top three VODs today are:Marcus Padley: The run up in bank stocks is all technical "mumbo-jumbo"It's raised $92M from institutional investors but Frontier isn't finished yetIn every crisis, only one sector stands out from the pack Hosted on Acast. See acast.com/privacy for more information.
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RBA Governor, Philip Lowe, strongly hinted at a November rate cut today, which the markets loved. The ASX 200 closed up 0.5%...
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