Choppy day on US market

US sharemarkets were choppy on Monday, noted CommSec. “Investors digested news that the US$430 billion Inflation Reduction Act had passed the Senate. “Automakers rose 3-4% in response to the news with shares in Ford up 3.1% and General Motors up 4.2%. The Information...

AIFC earnings bound ahead

25.7.22 Australian Foundation Investment Corporation reported preliminary annual results today and said Long term performance remains sound despite recent dislocation in markets. AIIC has maintained final dividend at 14 cents per share fully franked bringing total...

PMI nudges US equities

25.7.22 “US equities headed lower after the release of US PMI data, with the S&P500 ending down almost 1% and the NASDAQ down almost 2% on Saturday. “Adding to the negative sentiment towards tech stocks, Twitter and Snap reported disappointing earnings results,...