Why big Aussie banks are flatlining (as US banks hit records)
US markets rallied on a softer-than-expected CPI print, while Australia's ASX 200 finished exactly flat, continuing to underperform as domestic tax changes weigh on bank stocks and mortgage books. Major overnight moves in tech, a dramatic earnings season moment for IBM, and a local winemaker's strategic pivot back to premium are also covered.
Watchlist: Bank of America, IBM, Treasury Wines
Check out these stocks: www.moomoo.com/quote
The skinny
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