Once again the German and U.S. markets have jumped ahead of the ASX. The main German exchanges closed at 0.43 euro (AUD 0.712), and the VWAP at Frankfurt was 0.427 (AUD 0.707). The ADR on Nasdaq closed at $5.52 (AUD 7.13). Volume was low on Nasdaq, as always, but better than usual at 6,900 ADRs (69,000 shares). The market depth on the ASX looks good this morning.
Pezz