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