Daily Market Blog: Consumers saved in the nick of time!
"Locally yesterday the equities market after the rates announcement and commitment seemingly to rates lower for a while saw the currency strengthen, and that is normally not the best for the local market. Good news for consumers though, at least the pressures are starting to ease. The local market ended the day off 1.75 percent, yowsers, resource stocks down three and a quarter percent."
To market, to market to buy a fat pig. Holy smokes, on the companies front locally that was one of the busiest days that I had seen in a while, at least from a majors point of view. Smaller businesses obliged to report their numbers inside of three months after their reporting period sometimes all come at the same times, within the last few days, this however was different. Trading updates, company results, Byron was on the telly later in the day, on closing bell and processing all the information was quite a mean feat. It is tricky to try and have an opinion on everything, that is the nature of our job however, to try and find out as much as we can on all these listed businesses.