Flat Friday fizzer 😐
Episode description
It was a low conviction day within a data and event vacuum ahead of tonight’s key US inflation report. Analysts are looking for core inflation to reach 5% - its highest since 1982. The top of the leaderboard was a mixed bag, Redbubble (RBL) shares spiked, though on no apparent news, Iluka Resources (ILU) and PointsBet (PBH) the next best. Elizabeth Gaines stepping down as Fortescue’s (FMG) CEO was a headline grabber. After the earlier two-day rally, Z1P and Afterpay closed another day in the red. Even after a last minute burst of buying, the ASX200 closed down 27 points, or -0.4%, but managed to eke out a gain for the week, its first in five.
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