Monash IVF shares further down while market-wide rally continues

ABC NEWS (Australia)

The second embryo blunder in a matter of months by Monash IVF has seen its share price further plunge, now down 60% since August. Meanwhile, the market as a whole is almost at a record high thanks to the banks. In the United States, investors' risk appetite is sky-high even as Chinese exports to the US slump.

Transcript

00:00Monash IVF has crashed 60% since last August.

00:06Now, the first fall in that month was from poor results, and then two mistakes with embryos

00:11in two months, which should ensure that this year's results are going to be a lot worse

00:15than last year's.

00:16But the market as a whole is now a whisker off its record high, with a solid rise today,

00:21thanks mainly to, you guessed it, the banks.

00:24The US market is a little further away from its record than ours, having been virtually

00:28flat on Friday, but it seems destined to get there, and that's because investors are feeling

00:34very gung-ho.

00:35Now, this graph is an index of risk appetite among large American investors, that is, whether

00:41they're bullish or bearish.

00:42And it's worth noting that each of those four previous highs, to which the level of the index

00:48has now returned, were followed by corrections, at least mild ones, and in the case of February

00:52this year, a whopper.

00:55While President Trump's tariffs haven't yet showed up in the US economy, they are certainly

00:59having an impact in China.

01:02Its exports to America have fallen 40 per cent, and that's not yet being made up by sales to

01:07the rest of the world.

01:09On commodity markets, precious metals and oil went up, while iron ore fell 1.5 per cent,

01:15and the Aussie dollar held firm at just about 65 US cents.

01:18And that's finance.

01:19And that's finance.

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