The COB from ausbiz

Paycheck to paycheck - the American Dream?


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The local market put in a solid performance to start the week, ending the session +0.36%. The gains were broad based, but special mention goes to Mesoblast which rocketed higher as it was one of the headline acts at the American Heart Association conference; shares ended the day +11.8%. Special mention goes to Incitec Pivot which at one stage jumped 17.6% after its full year result beat expectations. IPL ended the day up a more modest 3.85%. Uniti Group lagged on no news, in fact, 67 companies traded lower today - but let's not focus on that.  All ears will be tuned to the RBA Governor's take on inflation tomorrow, as the price obsession continues.

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