News

Risk appetite has weakened following fresh restrictions across London and France to bring the spread of COVID19 under control.

Global markets took a breather overnight (S&P 500 Index -0.6%) with hopes of stimulus before the election fading & as US banks were weaker on the back of initial 3rd quarter results.

The market remains unperturbed by the lack of government fiscal support, seemingly taking the view that a clean sweep by the Democrats will see a large fiscal stimulus early next year anyway, which will more than offset any concern that higher taxes might

The KPG chart is moving sideways ranging between $1.00 to $1.08. With the recent announcements on reinstatement of dividends, increase in foot traffic and significant discount to the NTA value at $1.26 the stock looks attractive at the current price of $1

It is set to be a busy week ahead with the focus on quarterly reporting season in the US and a number of AGM’s in Australia/NZ.