Month: August 2015

• The ASX 200 finished the first day of the month on a weak note, down 20 points to 5,679 note it is Bank Holiday today.
• With the holiday today, the market was extremely quiet, with the banks and resource stock down.
• Commonwealth Bank (CBA) finished down 19c (-0.2%) to $87.37, Australia New Zealand Bank (ANZ) unchanged at $32.68, Westpac Bank (WBC) down 1c to $34.85 and finally National Australia Banks (NAB) down 18c (-0.5%) $34.59.
• BHP Billiton (BHP) finished down 27c (-1.0%) to $27.18, RIO Tinto (RIO) down 66c (-1.3%)to $52.20.
• G8 Education (GEM) rose 2.9% higher at $3.50 as shareholders welcomed its increased bid for Affinity Education to $0.80.
• All eyes will now be on whether the RBA reduces its interest rate tomorrow. Currently there is 93% consensus that rates will be on hold at 2%.
How are the local IT companies faring as the NASDAQ surges?
Really bullish, there's more to go in the reflation rally
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