Thanks @shovel40, @Fiji1 and morning crew.
Half-time wrap:
Australian shares rebounded from a two-month low as recoveries in US stock futures and Japanese shares helped soothe jitters following another torrid overnight session on global markets.
The ASX 200 rallied 15 points or 0.19% towards its first gain in three sessions. The index tumbled 294 points or 3.7% yesterday to its heaviest loss since the pandemic and lowest close since May 30.
Real estate trusts, industrials and consumer stocks led a reversal this morning that lifted around half of all sectors. Energy, health and telcos were the biggest drags.
Buyers were encouraged by an after-market bounce in US equity futures this morning. S&P 500 futures popped 1.3%, raising hopes for tonight after three brutal sessions, including a 3% fall last night. Also helping boost sentiment was a 10.3% bounce for Japan's Nikkei 225 index, a day after skidding 12.4%.
Personal trading: No new buys this morning - too slow on the trigger with AD8, etc. Most of yesterday's buys are edging in the right direction, albeit without much vah-voom, thanks to this afternoon's rates uncertainty. Barring surprises, I see today as a turnaround day with tomorrow and Thursday hopefully delivering profits.
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- Afternoon trading August 6
Thanks @shovel40, @Fiji1 and morning crew. Half-time wrap:...
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