EPISODE · Sep 22, 2020 · 13 MIN
The ASX 200 closed down 0.7% in a day that could have been worse...
from The COB from ausbiz
The ASX 200 closed down 0.7% in a day that could have been worse, given the extent of the sell off in the US and Europe overnight on fears of the worsening European Covid-19 situation. Tech was back in favour, as was healthcare, consumer discretionary and consumer staples, while cyclicals were hit hard. RBA Deputy Governor, Guy Debelle, reiterated today that the recovery is going to be drawn out, while also suggesting that the central bank may shift its policy response through measures such as buying longer dated bonds...Our top three VODs are:The case for value over growth in this marketHuawei: "This is a technology war"; 1,000+ jobs to go in AustraliaDrop in student numbers will affect housing demand for years to come Hosted on Acast. See acast.com/privacy for more information.
What this episode covers
The ASX 200 closed down 0.7% in a day that could have been worse, given the extent of the sell off in the US and Europe overnight on fears of the worsening European Covid-19 situation. Tech was back in favour, as was healthcare, consumer discretionary and consumer staples, while cyclicals were hit hard. RBA Deputy Governor, Guy Debelle, reiterated today that the recovery is going to be drawn out, while also suggesting that the central bank may shift its policy response through measures such as buying longer dated bonds...Our top three VODs are:The case for value over growth in this marketHuawei: "This is a technology war"; 1,000+ jobs to go in AustraliaDrop in student numbers will affect housing demand for years to come Hosted on Acast. See acast.com/privacy for more information.
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The ASX 200 closed down 0.7% in a day that could have been worse...
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