Thanks @shovel40, @Fiji1, @Patterns and morning crew. See you all tomorrow. I should be back for the afternoon launch.
Half-time wrap:
The share market pushed for its biggest gain in at least three weeks as bond yields fell sharply after the US Federal Reserve left benchmark rates on hold.
Shortly before the halfway mark, the ASX 200 was ahead 87 points or 1.27% and on track for a third straight advance.
The most rate-sensitive pockets of the market led the advance following this morning's US rates announcement. The Fed left the target federal funds rate unchanged at a range of 5.25% - 5.5%.
The Australian tech sector jumped 3.7%, REITs 3.1% and financials 1.6%. The financial sector was on track for its best day since January, according to CommSec. Energy and utilities sat out the rally, falling 0.5% and 2.3%, respectively.
The yield on 10-year Australian government bonds reversed 15 basis points this morning to 4.8%. The yield traded above 5% earlier this week. Today's sharp downturn mirrored a similar move in the US.
Personal trading: No trades ahead of an early mark.
- Forums
- ASX - Day Trading
- Afternoon trading November 2
Thanks @shovel40, @Fiji1, @Patterns and morning crew. See you...
-
- There are more pages in this discussion • 208 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)