Morning all
Lots of chart chatter n the lounge last night. Got a few computer issues at this end this morning so short and sweet from me.
The selling continued yesterday with the ASX 200 dropping 1.7%, adding to Tuesday’s 1.8% fall. Energy stocks were hit hard after the price of oil plunged 7% overnight to a one-year low on expectations of weakening global demand
In the mines Santos down 5% and Woodside Petroleum declining by 2.5%. Materials weighing with weakness in the price of metals. BHP & RIO down between 2-2.5%. FMG sliding close to 4.5%. Big 4 banks all lower Westpac leading losses close to down 3%.
Communications sector improved with TLS leading the sector up 3%.
FBR had a mention on the Comsec EOD wrap up - I don't hold.
2 hrs to US market close:
Dow Jones -269pts or -1.07%
Nasdaq -71pts or -1%
Gold +0.7% to US$1210.1/oz
Oil +1.4% to US$56.48/bl
ironore -0.9% to US$74.55/t
10-yr treasury yield 3.11% (down)
SPI -10pts or or -0.17%
A/US$0.7219
Spot Iron Ore (China Import Fines 62% Fe) down 0.9% or $0.65 to US$74.55/dry ton (CFR Tianjin port)
Asia Close
ASX200 -1.74%
Nikkei +0.16%
Hang Seng -0.54%
Shanghai -0.85%
USD/Yuan 6.9508
A/US$ 0.7206
(As at 7:26pm AEST)
Source: Thank you Commsec
Your breakfast is all one today yum cha at the Marigold & green tea with jasmine, trade safely and be nice to each other. If you don't like what someone has to say mute them.
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