Bank of America: time to sell stocks
BoA has tracked signs of the upcoming stock market sell-off. While more expensive and at-risk stocks are set to fall, value stocks should survive.
Australian shares rise at close of trade
On Monday, Australia stocks inched up, as profits in the Gold, A-REITs as well as Telecoms Services sectors brought stocks up.
The S&P/ASX 200 managed to grow 0.06%.
On the S&P/ASX 200 the best performance was demonstrated by such benchmarks as Spark New Zealand Ltd, Whitehaven Coal Ltd and Henderson Group PLC. They soared 4.09%, 3.34% and 2.89% respectively.
As for the worst performers, they were Worleyparsons Ltd, Asaleo Care and Healthscope, sliding respectively 4.72%, 3.98% and 3.96%.
The S&P/ASX 200 VIX, traditionally assessing the implied volatility of S&P/ASX 200 options, jumped 0.12%, showing 12.336.
On the Australia Stock Exchange decreasing stocks outperformed surging ones by 633 to 480, while 354 ended intact.
The currency pair AUD/USD headed south 0.35%, reaching 0.7602, AUD/JPY dipped 0.36%, trading at 84.67.
As for the US Dollar Index Futures, it inched down 0.15%, demonstrating 100.27.
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