Payback after Tuesday's big rally with offshore earners pressured by a stronger Aussie dollar

The local bourse was down 0.6% today, with the higher Aussie dollar negatively impacting offshore earners, US fiscal negotiations dragging on and Chinese PMI data coming in below expectations. Banks and healthcare were the big losers while the materials sector was the one bright spark. Gold miners were helped by a record price of US$2,030 an ounce for the yellow metal last night. Splitit jumped 10% after filling the $90 million insto component of it's $100 million cap raise...

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CEO Chat: Ready, set, accelerate!

Desmond: Preserve capital and don't go buying the financials

"They won't survive if we don't support them"


 

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