Thanks afternoon crew. That's it for another week. Thanks for your company. Have a great weekend, all.
End-of-day wrap:
The share market erased most of last week's rally with a fourth straight loss at the end of a week dominated by doubts about the outlook for the Chinese economy and US rates.
The ASX 200 fell 14 points or 0.2% this session to extend its loss for the week to 122 points or almost 1.7%.
The materials sector was the biggest drain on the index after soft Chinese trade data yesterday fuelled selling in iron ore and industrial metals. Ore futures gave up another 2.3% in China this afternoon. The sector shed 1% today with Fortescue Metals and Rio Tinto both losing more than 1.7%.
US futures were positive at the Australian close following a mixed finish on Thursday for the major indices. Overnight, Apple's heavy weighting in the S&P 500 and Nasdaq pulled both benchmarks lower, while leaving the Dow with a slender gain of 0.17%.
At the Australian close, futures for all three indices were higher by 0.14 - 0.22%.
Right, time to shut down your trading platforms and head for the lounge. I'm going to get self-indulgent for a moment. This week's Lounge Special is my favourite beer from a local brewer - Mountain Culture based in Katoomba. Hill People is a big, juicy New England IPA bursting with flavour. To paraphrase Forrest Gump, I could drink about a million and a half of these. At 6.5% abv, it never turns out well when I try.![]()
- Forums
- ASX - Day Trading
- Day traders' weekend lounge September 8 - 10
Day traders' weekend lounge September 8 - 10
-
- There are more pages in this discussion • 62 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
SS1
SUN SILVER LIMITED
Gerard O'Donovan, Executive Director
Gerard O'Donovan
Executive Director
SPONSORED BY The Market Online