Jun 18, 2014

Morning Market Report

A steady day on local markets following the latest news from the RBA.

The market is down four points.

The Dow Jones was up 27 points at 16,808 — the market was down as much as 48 points before strengthening through the day. Housing data was weak but a strong CPI was seen as good news, bringing inflation closer to the Fed’s target without being strong enough to warrant a rate increase. Consumer Discretionary stocks were the best performers, while Consumer Staples lagged along with Energy and Health Care. Volume was below average and the market traded in a 91 point range.

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