EPISODE · Aug 17, 2021 · 12 MIN
The S&P/ASX200 closed lower Tuesday, dropping 71.5 points or 0.94% to 7,511. The single worst session of trading in two months.
from The COB from ausbiz
The S&P/ASX200 closed lower Tuesday, dropping 71.5 points or 0.94% to 7,511. The single worst session of trading in two months. After trade, BHP has delivered shareholders a monstrous final dividend of $US2 per share, taking the annual payout to a record $US3.01. Woodside agreeing to a BHP mega-merger, creating a global top 10 energy giant. BHP's CFO David Lamont will join us tomorrow. But meanwhile delta fears, a stuttering Chinese economy and underwhelming results helped accelerate the retreat. Magellan Financial's numbers sent it back to the pandemic sell-off of March last year, down 9.9%. Breville Group, yes, on toast, down 9.2% and Pilbara Minerals, Minerals Resources and Lynas all lower 6% on likely profit-taking. Big day here tomorrow. Buy popcorn.Our top three VODs: Why Dean is 'cynical' when it comes to rosy outlook statementsHave banks and retailers peaked?Will there be a 10% correction for the ASX 200? | the trade Hosted on Acast. See acast.com/privacy for more information.
What this episode covers
The S&P/ASX200 closed lower Tuesday, dropping 71.5 points or 0.94% to 7,511. The single worst session of trading in two months. After trade, BHP has delivered shareholders a monstrous final dividend of $US2 per share, taking the annual payout to a record $US3.01. Woodside agreeing to a BHP mega-merger, creating a global top 10 energy giant. BHP's CFO David Lamont will join us tomorrow. But meanwhile delta fears, a stuttering Chinese economy and underwhelming results helped accelerate the retreat. Magellan Financial's numbers sent it back to the pandemic sell-off of March last year, down 9.9%. Breville Group, yes, on toast, down 9.2% and Pilbara Minerals, Minerals Resources and Lynas all lower 6% on likely profit-taking. Big day here tomorrow. Buy popcorn.Our top three VODs: Why Dean is 'cynical' when it comes to rosy outlook statementsHave banks and retailers peaked?Will there be a 10% correction for the ASX 200? | the trade Hosted on Acast. See acast.com/privacy for more information.
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The S&P/ASX200 closed lower Tuesday, dropping 71.5 points or 0.94% to 7,511. The single worst session of trading in two months.
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