I don't know about tomorrow, but on Tuesday in the US the FED meets to discuss the potential of a credit crunch and its effects on the economy and interest rates.
Subsequently they are expected to release a statement outlining their views on the economy at around 2:15 p.m. on Tuesday.
If they think that there will be more serious ramifications on the US economy I would expect some hint of dropping interest rates, which the mkt. should react favourably to, otherwise I would expect some words playing down the impact and talking up the robustness of the overall economy, which again the mkt. should react favourably to (as a knee-jerk).
Either way, Wednesday could be more positive for the ASX imo (purely speculation).
Cheers
SBC
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Last
$64.05 |
Change
-0.015(0.02%) |
Mkt cap ! $12.42B |
Open | High | Low | Value | Volume |
$63.68 | $64.25 | $63.30 | $6.953M | 108.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 41 | $64.03 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$64.06 | 5 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 61 | 64.010 |
4 | 83 | 64.000 |
11 | 187 | 63.990 |
7 | 117 | 63.980 |
4 | 50 | 63.970 |
Price($) | Vol. | No. |
---|---|---|
64.030 | 116 | 8 |
64.040 | 78 | 3 |
64.050 | 58 | 3 |
64.060 | 94 | 7 |
64.070 | 66 | 2 |
Last trade - 12.50pm 19/08/2024 (20 minute delay) ? |
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ASX (ASX) Chart |