Amidst a general ASX downturn driven by energy and bank stock losses, Elders stands out with a notable surge, defying broader market trends.
Moody’s changed the outlook on the US ratings to Negative. This morning US futures are slightly softer and this gives us an opportunity to short where risk can be managed easily, with a stop just above the recent highs.
Agricultural Earnings Season Update 13/11/2023
Elders have reported results this morning beating expectations and rallying 10%. This positivity
After market close on Friday, ratings agency Moodys lowered its outlook on the U.S. credit rating to “negative” from “stable” citing large fiscal deficits and a decline in debt affordability.
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