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The COB from ausbiz
After a surge of enthusiasm pushed the ASX 200 through 6,200 this morning, it was all downhill from there, to finish at 0.2% down.
Season 1, Ep. 150
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Buy-now-pay-later and e-commerce stocks all got a reality check today after the recent surges. A takeover offer from Coke Europe pushed Coca-Cola Amatil up more than 16%, with the local board backing the deal. Westpac's announcement that its earnings would take a $1.2 billion hit from a raft of writedowns and the costs of defending its anti-money laundering case only had a marginal effect on the share price today (down 0.4%) reflecting the market's view that the cost is a one off which has already been priced in. Our top three VODs today are:
Banks Panel: Omkar's backing ANZ while Nathan likes Westpac
Head for Chinese equities as bond yields head south to zero
CEO Chat: The big debit from Zebit's IPO
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