A shaky start to the week on the boards.
Not a strong day for IPO’s…
ASX:LRV and ASX:ABE both plunged on debut, adding to the list of non-impressive starts in the last month.
On another note,
The PEAK team headed into the city today for a strategy session and to finalise our Christmas party (see pic below).
If you’re in Melbourne, we’d love to see you there!
The volatile ASX200 closed with its nose in front, up 3.9 points to 7,245.1. The tech sector closed 2.2 per cent lower but both consumer staples and utilities were up strongly.
Wall Street futures are higher, currently pointing to gains of 0.7% on the Dow Jones, 0.5% on the S&P500, and 0.1% on the Nasdaq. On Friday, the Nasdaq tumbled by 1.9%, while the S&P500 was down 0.8% and the Dow Jones fell 0.2%.
Oil prices softened on Friday with West Texas Intermediate (WTI) crude down 0.4% to $US66.26 per barrel, while Brent crude increased by 0.3% to $US69.88 per barrel.
The Aussie dollar fell below US70 cents late on Friday for the first time since July 2020. It was last at US70.17 cents.