The ASX200 has been down 0.5% at 8,208 points.
Headline inflation in Australia has fallen to 2.8% – its lowest in 3 years – and now officially into the RBA’s 2-3% inflation target band. Investors reacted unfavourably and the local bourse declined after the announcement. All eyes are now on the RBA who are meeting on Tuesday, with most analysts predicting rates will stay on hold.
Materials has been the biggest gainer, up 0.7%, followed by Real Estate up two thirds of a percent 0.64% and IT, up one tenth of a percent 0.12%.
Staples has been the worst performing sector, down 3.4%, followed by Discretionary and Financials, down 1.1%.
Woolworths (ASX:WOW) has been down 5.6% on news of a profit downgrade. New CEO Amanda Bardwell today warned investors EBITDA for the first half will be around 6% below consensus expectations.
Woolworths has been $31.00
Red Mountain Mining (ASX:RMX) has been up 55% after a desktop study of its Flicka Lake project in Canada, revealed three parallel quartz veins.
Red Mountain Mining has been 1.3 cents.
Regener8 Resources (ASX:R8R) has been trading flat after receiving a WA government grant. The company says it will further drill its Hatlifter prospect for nickel-copper.
Regener8 Resources has been 15 cents.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。