Thanks @shovel40, @Fiji1, @Patterns and morning crew.
Half-time wrap:
The share market surged towards an 11-week closing high after unexpectedly weak economic growth figures bolstered the case for rate cuts next year.
The ASX 200 rallied 97 points or 1.38% by mid-session. Banks, supermarkets and consumer and property stocks led the advance. Gold miners were a rare pocket of weakness after the yellow metal backed off record levels.
The market added to an initial 60-point advance following mid-morning news that the economy grew at half the speed economists expected last quarter. Gross domestic product expanded by an anemic seasonally-adjusted 0.2% in the three months to the end of September, the slowest pace in two years. Annual growth was 2.1%.
“This was the eighth straight rise in quarterly GDP, but growth has slowed over 2023,” Katherine Keenan, ABS head of national accounts, said.
Personal trading: Taken speculators in LCL and NFL.
- Forums
- ASX - Day Trading
- Afternoon trading December 6
Thanks @shovel40, @Fiji1, @Patterns and morning crew. Half-time...
-
- There are more pages in this discussion • 223 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
SBW
SHEKEL BRAINWEIGH LTD
Dani Nadri, Country Manager Australia
Dani Nadri
Country Manager Australia
Previous Video
Next Video
SPONSORED BY The Market Online