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Day traders' weekend lounge September 8 - 10, page-6

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Veritas2000

13,552 Posts.

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08/09/23

16:27

Post #: 69789090
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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.

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The lad after having a few at Katoomba and trying to walk home.........
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