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Friday, 28 September 2018

Interim RC Report released

RC report out

The Banking Royal Commission quietly snuck out its interim report ahead of Grand Final weekend (which will feature the mighty Tricolours). 

Naturally, I haven't read the report yet - it's massive at about 1,000 pages - but the market reaction told a story.

No smoke-bombs then, clearly, since the Aussie banks index jumped higher immediately after the release...and stayed there. 

More to follow on this next week, once digested.

Go the red, white, and bluesters on Sunday!