Evening Wrap: ASX 200 flat, RBA leaves rates on hold + Morgan Stanley’s take on uranium

The Index recovered from a weak start to close around breakeven, the RBA holds rates in-line with market expectations, Alan Joyce leaves Qantas two months ahead of schedule, shares in Chalice Mining slump another 12%, Macquarie says rare earths are showing signs of improvement and Morgan Stanley’s take on the recent uranium breakout.

Let’s dive in. ASX 200 Session Chart

ASX 200 breakeven on Tuesday (Source: Market Index) Markets

The ASX 200 finished around breakeven , up from session lows of -0.66%. It was a rather odd and uneventful day, with no US lead (closed for Labour day) and the RBA decision was a rather non-event for markets. At the sector level: Defensives such as Healthcare, Industrials and Staples led to the upside The performance of Utilities was distorted by ex-dividend names such as Origin Energy (-0.8%) and Viva Energy (-0.5%) Energy stocks pulled back in-line […]

Click here to view original web page at www.marketindex.com.au

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.