END OF DAY REPORT

Marcus Padley

Marcus Today

ASX 200 falls 8 points despite a minor rally in Financials. Resources remain the weakest link, BHP hovering just above 1700c. Asian markets mixed with AUD easing back to 72.45. US Futures up 26. A quiet end to the week as we head into a big few days with local MYEFO and Fed FOMC meeting to dominate. After a slow, negative start with resources again under pressure, the banks put on some gains and dragged us into the black. Soothing words from the Westpac (WBC) +0.19% AGM were enough to bring the buyers back. Unfortunately the positive thoughts were not enough to keep the index in positive territory in a very mixed session. Volume was average and we saw a 50 point trading range. - See more at: (VIEW LINK)


Marcus Padley
Director
Marcus Today

Marcus Padley founded Marcus Today in 1998 and leads the team of analysts and market commentators that publishes a daily stock market newsletter, presents four podcasts and runs an $80m Australian equity fund. He is passionate about educating and...

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