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ASX 200 closed down 19 at 7143 in lacklustre trade. RBA kept rates on hold but pointed to more excitement next month perhaps. Banks sold off with the Big Bank Basket dropping $1 to $180.70. Chinese PMI data and iron ore prcies helped miners find buyers, BHP up 0.1% and FMG up 1.7%. Energy stocks firmed ahead of OPEC plus with WPL up 1.4% and STO up 2.1%. Tech flat but infant formula and baby related stocks did well as China went to a three child policy. Seems like Peter Costello was a man ahead of his time with his three child policy.
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ASX 200 closed down 19 at 7143 in lacklustre trade. RBA kept rates on hold but pointed to more excitement next month perhaps. Banks sold off with the Big Bank Basket dropping $1 to $180.70. Chinese PMI data and iron ore prcies helped miners find buyers, BHP up 0.1% and FMG up 1.7%. Energy stocks firmed ahead of OPEC plus with WPL up 1.4% and STO up 2.1%. Tech flat but infant formula and baby related stocks did well as China went to a three child policy. Seems like Peter Costello was a man ahead of his time with his three child policy.
CLICK HERE to sign up for a free trial of the Marcus Today newsletter including our daily STRATEGY PODCAST.
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