Morning all
Thanks AM crew
SPI -15 @ 5636
Broad-based losses pulled the benchmark index just below the level of 5700 points on Tuesday, as investors turned wary ahead of a key speech by UK Prime Minister Theresa May outlining her plans for a 'Brexit' and Donald Trump's inauguration later in the week.
The S&P/ASX200 slipped 0.85 per cent to 5699.4, its fourth decline in six sessions.
"Markets affected by the twin political black swans of 2016 - the Brexit vote and Trump win - remain volatile and uncertain," said ANZ economist Katie Hill.
All of the big four banks lost around 1 per cent, reversing some of their big gains following Donald Trump's election victory in November, which sent both American and global bank stocks soaring on expectations of deregulation.
Shares in the miners, initially among the few blue chips to resist the day's sell-off, turned around during the session, pulled down by an abrupt reversal in Chinese iron ore futures. 1
U.S. equities fell on Tuesday, with financials lagging, as uncertainty around President-elect
Donald Trump's policies grew.
The Dow Jones industrial average traded about 100 points lower, with
Goldman Sachs,
UnitedHealth Group and
JPMorgan Chase contributing the most losses.
The S&P 500 fell 0.48 percent, with financials dropping more than 2 percent.
"There's a lot of nervousness as Trump gets set to take office," said Peter Cardillo, chief market economist at First Standard Financial. "Until we see what he does in his first 100 days, I think the market is going to remain in a wait-and-see pattern."
"There's a lot of nervousness as Trump gets set to take office," said Peter Cardillo, chief market economist at First Standard Financial. "Until we see what he does in his first 100 days, I think the market is going to remain in a wait-and-see pattern." 2
Gold prices were ending the U.S. day session solidly higher and hit a nearly two-month high Tuesday. Resurfacing worries about the U.K. leaving the European Union prompted some safe-haven demand for gold today. British Prime Minister Theresa May said at a press conference today the U.K. ostensibly wants completely out of the EU, which is causing uncertainty among many European market participants. 3
Gold $1215
HUI + 2.7%
AUD Gold $1606
AUD .7563
Have a good day
View attachment 416114
RIP Eugene 'Gene 'Cernan
Apollo 17
1 SMH
2 CNBC
3 *****
