The abundance of measures in last night's Federal Budget to stimulate jobs growth was clearly what the market wanted to hear with the ASX 200 closing up 1.3% after a slow start. Consumer discretionary and consumer staples were the obvious beneficiaries, with both up 1.9%. Macquarie's upgrade of ANZ (up 2.4%) and Westpac (up 2.6%) allowed CBA and NAB to hitch a ride, up 2.2% and 2% respectively. Our top three VODs today are:
Why automotive stocks are revving up
Stockland CEO: This is a Budget for recovery, growth and confidence
Westacott: "The right budget at the right time"
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By ausbizThe abundance of measures in last night's Federal Budget to stimulate jobs growth was clearly what the market wanted to hear with the ASX 200 closing up 1.3% after a slow start. Consumer discretionary and consumer staples were the obvious beneficiaries, with both up 1.9%. Macquarie's upgrade of ANZ (up 2.4%) and Westpac (up 2.6%) allowed CBA and NAB to hitch a ride, up 2.2% and 2% respectively. Our top three VODs today are:
Why automotive stocks are revving up
Stockland CEO: This is a Budget for recovery, growth and confidence
Westacott: "The right budget at the right time"
Sign up to our newsletter at ausbiz./the_cob
Hosted on Acast. See acast.com/privacy for more information.
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