US labour costs were up 1.2 per cent last quarter and so the ASX200 is set to head down, but almost as much. Futures suggesting by around 1.1 per cent. The Employment Cost Index result saw US markets tumble as the news cemented concerns inflation’s not going anywhere soon.
At a time of bumper dividend payouts from the likes of Rio Tinto (ASX: RIO) and – presumably – BHP (ASX: BHP), most investors seeking a resources exposure would be happy to invest directly in the major producers.
Industrial lifting equipment specialist Boom Logistics (ASX:BOL) has spiked on the ASX today ahead of a potential one-cent final dividend for the 2021 financial year.