The ASX 200 closed up 0.82%, with consumer discretionary metals and mining leading the gainers. Utilities, tech and healthcare took a hit. - a podcast by ausbiz

from 2020-11-06T06:18:12

:: ::

What a week. Markets relished US Election gridlock, with tax hikes and regulatory pressure on the tech giants off the table for now. This afternoon, Georgia and Pennsylvania could go either way with an 'non-official' outcome expected any minute. The ASX 200 closed up 0.82%, with consumer discretionary metals and mining leading the gainers. Utilities, tech and healthcare took a hit. Election uncertainty has also pushed gold to a six-week high. Meanwhile, the RBA cut the official rate to a record low of 0.10% on Tuesday, with a $100 billion QE package also delivered. The central bank also improved its communication with Governor Phil Lowe holding a press conference after the announcement. Our top three VODs today are:

Julia's pleasantly surprised with Amcor

Howard Lindzon: No one is scared of Trump, Biden or the Fed - yet

Chris Conway's Christmas (and gridlock) shopping list


Subscribe to our free daily podcast at ausbiz.co/the_cob



See acast.com/privacy for privacy and opt-out information.

Further episodes of The COB from ausbiz

Further podcasts by ausbiz

Website of ausbiz