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The COB from ausbiz
White goods no good? Harvey Norman plummets
Season 2, Ep. 210
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The market improved through this Wednesday session, as the miners, energy names and the big banks lifted their games. But it just wasn't enough; after being up as much as 0.2%, ASX200 finished down 0.15% at 7399. Technology One was the biggest loser down 8.6% after downgrades from UBS and Macquarie after yesterday's result. Pinnacle suffered as it came back online following a capital raise, ending down +5%. The biggest gainer was Polonovo +3.5% on no news. Let's see what the NASDAQ does tonight with futures pointing to a drop, the release of the FOMC minutes, and ahead of the Thanksgiving holiday. Tomorrow we'll hear from Fisher & Paykel, with September quarter capex data and weekly payrolls and wages on the macro front. Stay cool.
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