Australian Dollar Receives Support From Divergent Policy Outlooks Between Central Banks
The Australian Dollar (AUD) retraces its recent losses against the US Dollar (USD) on Thursday. The AUD/USD pair receives support from the divergent monetary policy outlooks between the two central banks.
Microsoft Dividend Increase
On 17 September, Microsoft (MSFT) increased its quarterly dividend by 10.67%, from 75¢ to 83¢ per share.
Diffusion Indexes For August
CFNAI and state-level coincident indices suggest a softening in activity.
Defensive Posture: Dump Financials, Stock Up On Utilities And Tech
Right now I’m seeing a lot of defensive posturing going on - filling sandbags. Traders are dumping financials, scooping up utilities left and right, and getting back into the sector that was dead three or four weeks ago: tech.