On a knife-edge 🔪 - a podcast by ausbiz

It was a largely upbeat local session ahead of tonight’s US inflation event risk. Whether it surprises or disappoints will set the tone for tomorrow’s trading session. Blue chips were the investor safe haven today, with banks and miners supporting the market. Healthcare and consumer staples not faring so well. Companies at the top of the ladder were a mixed bag, Bapcor’s rebound was notable after yesterday’s slide, while tech stocks were buoyant, led by Block and Megaport. AMP managed to close 6% higher despite a lacklustre result. At the bottom of the ladder was ASX, with investors nervous about the announced sudden departure of its Chief Executive. As event risk loomed, the blue-chip buyers came back in the late afternoon and the S&P/ASX200 closed up 20 points or 0.3%.

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