Dow Jones and Nasdaq dropped about 1% last night off the back of economic data pointing to long term inflation. That means potentially more interest rate increases more rapidly to tame inflation before it gets put of hand. We're talking about 30 year highs for inflation so it's quite an increase however it has been intensified by supply chain issues and this is what the Fed have been saying would happen since December. I think it's a knee jerk reaction to a known issue.
Our markets will follow however I'm looking for US futures to be green today which may provide some lift to our market. Aimo.
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2.6¢ |
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Mkt cap ! $40.46M | |||
| Open | High | Low | Value | Volume |
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