Day traders' weekend lounge September 8 - 10, page-3

First 3 Last

Share
Profile

Follow
Huskie

609 Posts.

55

08/09/23

16:19

Post #: 69788927
Share

Originally posted by highlandlad: ↑

Thanks afternoon crew. That's it for another week. Thanks for your company. Have a great weekend, all.

End-of-daywrap:

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.

Expand

That looks like my kind of beer HLL, please have one for me !

Last edited by Huskie: 08/09/23
4 Upvote

Reply

Top Stories

Week 29 Wrap: Trump in spotlight again; China's Third Plenum a yawnfest; RBA's August move a mystery

Warren Tredrea’s weekly sports business wrap: the latest on business in sport

MCT

Metalicity looking for offers on Admiral Bay zinc project

LKE

Lake Resources implies news article on job cuts made up; non-core sales "not material" and no rule 15.7 breach

Talking Australia's very competitive property landscape: Realty Talks

IMR

Imricor raises $35M to pursue growth and expansion into Australia and NZ

Wealth Within considers potential takeover targets in Australia's booming infrastructure industry

FG1

Flynn Gold flags mid-grade drill hits and always eye-catching rock chips

GNX

NSW approves J-POWER's $380M buyout of Genex Power, giving it ownership of QLD net zero project

AI stocks: What to expect in 2024-25

There are more pages in this discussion • 60 more messages in this thread...

First 3 Last

Day traders' weekend lounge September 8 - 10, page-3

Week 29 Wrap: Trump in spotlight again; China's Third Plenum a yawnfest; RBA's August move a mystery

Warren Tredrea’s weekly sports business wrap: the latest on business in sport

Metalicity looking for offers on Admiral Bay zinc project

Lake Resources implies news article on job cuts made up; non-core sales "not material" and no rule 15.7 breach

Talking Australia's very competitive property landscape: Realty Talks

Imricor raises $35M to pursue growth and expansion into Australia and NZ

Wealth Within considers potential takeover targets in Australia's booming infrastructure industry

Flynn Gold flags mid-grade drill hits and always eye-catching rock chips

NSW approves J-POWER's $380M buyout of Genex Power, giving it ownership of QLD net zero project

AI stocks: What to expect in 2024-25

Featured News

Featured News

Day traders' weekend lounge September 8 - 10, page-3

Top Stories

Week 29 Wrap: Trump in spotlight again; China's Third Plenum a yawnfest; RBA's August move a mystery

Warren Tredrea’s weekly sports business wrap: the latest on business in sport

Metalicity looking for offers on Admiral Bay zinc project

Lake Resources implies news article on job cuts made up; non-core sales "not material" and no rule 15.7 breach

Talking Australia's very competitive property landscape: Realty Talks

Imricor raises $35M to pursue growth and expansion into Australia and NZ

Wealth Within considers potential takeover targets in Australia's booming infrastructure industry

Flynn Gold flags mid-grade drill hits and always eye-catching rock chips

NSW approves J-POWER's $380M buyout of Genex Power, giving it ownership of QLD net zero project

AI stocks: What to expect in 2024-25

Featured News

Featured News