
Closing Bell 16th April: XJO down 2%. Banks and REITs lead the way lower
XJO down 2%. Banks and REITs lead the way lower. US Markets sell off as rate cuts look more unlikely
XJO down 2%. Banks and REITs lead the way lower. US Markets sell off as rate cuts look more unlikely
After an unbroken 6 months rally, a number of factors are now compounding to weigh on global equity markets
Our initial buy recommendation was at $0.72. Since then, DRO has experienced a decent upside move, largely due to the escalating situation in the Middle East, which has amplified the need for DroneShield’s offerings. With the share price now touching $0.95, our designated exit point, we have achieved a profit of 31.95%.
Equities heavily sold off, pressured by a spike in Treasury yields as geopolitical tensions and stronger-than-expected retail sales data dented expectations for interest rate cuts and overshadowed strong earnings from banking giant Goldman Sachs.
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