Morning all
Thanks AM crew
Starting to crack them watching tearful athletes who aren't good enough just quietly or is it the media coverage?
SPI: -4 @ 5484
XJO Yesterday: -8 @ 5532
BHP recorded a heart stopping record US$6.4 billion loss, its' first since taking on the lamentable Billiton assets in 2001.
A horror show of asset writedowns, impairments and exceptional items were largely responsible for the blowout.
U.S. stocks eased from record highs on Tuesday as Fed Reserve officials fueled speculation of a possible interest rate hike this year.
The S&P telecommunications index and utilities sectors led the day's declines, dropping 2.1 percent and 1.2 percent respectively.
New York Federal Reserve Bank President William Dudley said a rate hike in September was possible, citing evidence of wage gains and a tighter labor market that could boost inflation.
"I don't think most people are expecting the Fed to actually hike in September ... (but) we've had a strong market and a couple of good jobs numbers," said Michael O’Rourke, chief market strategist at JonesTrading in Greenwich, Connecticut.
Low interest rates continue to buoy stocks to record highs. `
S&P: -.4%
Nasdaq: -.65%
Oil settled up nearly 2 percent on Tuesday, hitting five-week highs as OPEC spoke of Saudi Arabia's desire for higher crude prices while Russia met the producer group to discuss the market.
Oil: $46.47 + .73c
Iron Ore: $60.73 + 1.3%
Copper: + 1.4%
Nickel: - 2.8%
Zinc: -1%
Aluminium: +1%
Gold:$1346
HUI:- .7%
AUD Gold: $1750
AUD: .7693
On Today:
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Have a good day
Sources:
1 Reuters
- Forums
- ASX - Day Trading
- Day Trading 17 Aug Pre Market
Day Trading 17 Aug Pre Market
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