Australia's largest stock trading and investment forum Australia's #1 stock forum

Day traders' after-market lounge May 16, page-3

First 3 Last

Share
Profile

Follow
Veritas2000

15,495 Posts.

1145

16/05/23

16:23

Post #: 67803435
Share

Originally posted by highlandlad: ↑

Thanks afternoon crew.

The ASX 200 faded 0.45% to its lowest close in more than a week following mixed Chinese economic data (retail sales good, factory output soft) and after the RBA reminded punters further rates may be on the horizon. (Is that news to anyone?)

Materials provided the day's only sector gain. Defensives were on the nose. CBA was a major drag.

US futures did little to improve the mood. S&P 500 futures declined 0.25%. For anyone who hasn't been through a US debt ceiling "crisis" before, the politicians in Washington usually wait until the last minute and the market freaks out, then they cobble together a compromise, the market rebounds and we all move on.

Expand

Indeed the debt ceiling crisis is usually just so that both sides can claim victory...

V

https://www.bbc.com/news/business-65461927
7 Upvote

Reply

Top Stories

Listen: HotCopper Wire Podcast 017 – RBA holds the toppings

ASX Market Open: Downturn as tariffs regime finally pushes US CPI higher | July 16

AII

Inside the depths of Panasqueira: A legacy carved in rock

PH2

Hydrogen at a crossroads: Plug Power, Pure Hydrogen and Nel ASA between opportunity and crisis – Your profit strategy

AII

Nasdaq-listed Almonty Industries receives substantial cash injection

First 3 Last

SPONSORED BY