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Baby Bunting bunts to 3yr high, Cochlear bouches back: Aus shares lose 2.8% this week, steady Friday

16 Aug 2019 – Aussie shares lose 2.8% this week, on the US yield “2-10 inversion”, despite stronger than expected local and US economic news. Baby Bunting (ASX:BBN) results beat expectations, Credit Corp Group (ASX:CCP) buys Baycorp, Newcrest Mining (ASX:NCM) profit up 180%, Cochlear (ASX:COH) profit up 7% & its shares charge to $213.80. Seven West (ASX:SWM) new CEO/MD James Warburton as Tim Worner exists. IPO FINEOS (ASX:FCL) up 8%.

Source: Finance News Network

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