Despite Dow up on good job data but they couldn't break out to close in new high.
Our $A is above 90c US over 20 years high and with base metals were muted on Friday trading, our sttrong currency will hurt BHP & RIO earning.
US been rally on rate cut and hope of another cut but this is now unlikely with the revise job data for August and September are too strong. Earning season start tomorrow for US and talk of rate hike driven inflation will surface and possible weakness for Dow. Have fun.
monday trading
Add XJO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
8,374.0 |
Change
73.800(0.89%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,300.2 | 8,446.4 | 8,300.2 |
| XJO (ASX) Chart |