Nov 06

Stock spotlight CSL

After a weak month in September, most markets across the globe bounced back in October. The ASX200 was ~+6.0% for the month, a little behind the +7.2% posted by the MSCI World index driven by a strong bounce across the US and Europe. In the overall make-up of markets very little has changed – the inflationary pressures remains stubbornly high, central banks are focused on reducing this. Business confidence is waning and labour markets remain tight. Consumers are still spending, but this could well be eating into savings and may come to a halt soon.
We remain fairly cautious.

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