Making hay while the sun shines 👨🌾
Episode description
Defying the dire weekend news from Ukraine, a sea of green greeted investors outside of the resources space. Financials opened higher and stayed there. CBA once again made its way above $100, while a 2.6% pop in CSL helped healthcare along. The ASX/200 top 10 were a disparate bunch, Pendal Group and Elders being strange bedfellows. However, Elders shot the lights out with its trading update, and earned its 11% rally. Uranium pump and dump saw Paladin plummet 7.5% and Nickel Mines still can't catch a break as it closed down another 4%. While the war rages on, markets are fully priced for 25 basis point hikes from the FOMC and Bank of England later this week. In between, Aussie jobs should be a bonanza on Thursday. All in all a sterling effort from the S&P/ASX200, closing up 86 points or 1.2%.
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