Start Of The Week

British property (real estate) stocks fell because leaving the European Union meant there were new country-specific fees when properties are sold. I am pretty sure PM Boris Johnson knew this before the referendum on leaving.

British CEOs polled were mostly upbeat about new investments this year despite the fees.

Business newspaper article

image source

Drug stocks

*TEVA today gained again, as it has done every day this year, this time making up for a rise in Tel Aviv Sunday,

*Also up was Bristol Myers BMY thanks to a deal with Century Cell Therapy (IPSC) for oncology drugs which will boost its range starting in the current quarter. The drugs are Yervoy and Opdivo..

*Another winner was Merck, up in sympathy with MRK.

*However Eli Lilly dropped. LLY.


*First Australia Prime Income fund, now an Asia investor, one of my oldest holdings, rose today. It is run by Aberdeen and I bought it at the recommendation of my late father.


*Tech mostly fell because of higher interest rates coming here. But Taiwan Semi TSM gained fractionally.

*Illumina 5.9% fell because it was rated unweight by Barclays analysts. ILMN.


*Antofogasta rose again on the assumption that Chile will have to sell its minerals even if the country voted in a leftist. ANFGF.


*Oil was hard to figure given the Putin politics. But Schlumberger Ltd SLB, a haven stock (Curacao) gained.

*Newly merged Coterra lost fractionally. CTRA.


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