the COB: quiet before the storm? ⛈️

Our local bourse was down 0.4% by mid-morning and was a sea of red except for materials. While most losses were erased by the close after the sour Nasdaq lead, Aussie tech remained near the bottom of the ladder. Xero was pounded again, closing nearly 3% lower, while BNPL overall is still struggling in the face of higher bond yields, Afterpay -2.4%, again.

Our top three VODs are:

Investors beware; full employment, wages growth and inflation a potent cocktail

Beijing's blue skies to create blue sky for iron ore prices

Wesfarmers continues to diversify

See for privacy and opt-out information.