Half-time round-up:
Australian stocks retreated this morning following a weak night on Wall Street, a slump in commodity prices and an unexpected trade deficit.
At lunchtime the ASX 200 was down 57 points or 1.4% at 3960, led lower by falls in the big miners. The dollar fell after April figures showed the nation's trade balance in deficit for the first time in a year. (This contrasts with evidence yesterday that trade in the first quarter kept the country out of recession - go figure.)
Asian markets were weaker. The Nikkei lost 0.27% in morning trade and the Hang Seng was recently down 1%. Dow futures were +11. Gold recovered some of its overnight losses, recently trading at $968.10.
A reasonable morning at this trading desk. Successful bounce trades in AAX and PDN although both sold too early. Break-even trade in TOL. BGD looks like the pick of the bunch - happy to hold for now.
- Forums
- ASX - Day Trading
- daytrade diaries... june 4 part 2
daytrade diaries... june 4 part 2
-
- There are more pages in this discussion • 10 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
AGC
AUSTRALIAN GOLD AND COPPER LTD
Glen Diemar, MD
Glen Diemar
MD
SPONSORED BY The Market Online