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
bloodbath tomorrow, page-9
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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 |
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| Last trade - 12.50pm 19/08/2024 (20 minute delay) ? |
| ASX (ASX) Chart |