Thanks afternoon crew. Have a great weekend, all.
End-of-day summary:
Aussie shares avoided back-to-back weekly losses despite a second day of falls as inflation data continued to cause sharp swings on financial markets.
The ASX 200 dropped 25.5 points or 0.33% this afternoon as gains in gold miners, utilities and tech stocks were outweighed by declines in the wider resources space, banks, supermarkets and telcos.
The Australian benchmark clung on to a slender weekly advance, thanks to gains through the front half of the week. The index inched up 15 points or 0.19%.
Investor optimism about pending interest rate cuts was dented this week by signs that the US Federal Reserve's war on inflation was not over. However, tech stocks led a rebound overnight after March wholesale inflation data came in weaker than feared. The Nasdaq Composite rebounded 1.68% to an all-time closing high.
- Forums
- ASX - Day Trading
- Day traders' weekend lounge April 12 - 14
Thanks afternoon crew. Have a great weekend, all. End-of-day...
- There are more pages in this discussion • 52 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online