ASX 200 Resources Fund

Posted on | by Leon Hinde

OZR:ASX is under Algo Engine buy conditions and we anticipate buying support to increase near the $12.50 support range.

A sector sub-index of the S&P/ASX 200 Index, this index provides investors with exposure to the Resources sector of the Australian equity market as classified as members of the GICS® resources sector. Resources are defined as companies classified in the Energy sector (GICS® Tier 1), as well as companies classified in the Metals and Mining Industry (GICS® Tier 3).

US Market PMI

Posted on | by Leon Hinde

U.S. business activity growth slowed for a third straight month in August as capacity constraints, supply shortages and the rapidly spreading Delta variant of the coronavirus weaken the momentum of the rebound from last year’s pandemic-induced recession. 

Woodside – Accumulate

Posted on | by Leon Hinde

WPL:ASX is under Algo Engine buy conditions and is a current holding in our ASX model portfolio.

WPL has agreed to an all-scrip acquisition (merger) of BHP Petroleum’s
assets.

Underlying profit for the six months to June rose 17% to $US354 million, falling short of estimates.

Accumulate.