sorry HHL - did not read the fine print :-)

First 3 Last

Share
Profile

Follow
norsc

1,215 Posts.

22

31/08/16

13:04

Post #: 18822879
Share

Originally posted by highlandlad ↑

Thanks Oscar and morning crew.

Half-time round-up:

Shares slumped to a six-week low this morning following overnight declines in key commodities and weakness in the dollar.

At 1pm EST the ASX 200 was 56 points or 1% lower at 5423 after earlier touching its weakest level since mid-July. The market looked set to end a lacklustre few weeks near its low for the month after July's strong rally gave way to uncertainty and a collapse in volatility. The S&P 500's trading range this month ranks among the lowest in 90 years, according to market strategist Ryan Detrick.

"How boring has Aug '16 been?" he tweeted "S&P 500 has traded in a range of 1.54% (based on closing prices). Since '28, only 6 months have been less. Wow."

Resource stocks bore the brunt of today's selling after forex traders drove the US dollar higher overnight following comments from Federal Reserve Vice-chair Stanley Fischer. The gold sector tumbled 3.9%, metals & mining 3.3%, materials 2.6% and energy 1.7%. The Australian dollar was lately buying 75.32 US cents.

China's Shanghai Composite fell 0.06%, Hong Kong's Hang Seng added 0.08% and Japan's Nikkei put on 0.78%. Dow futures were recently off two points or 0.01%.

Crude oil futures slid another eight cents or 0.17% this morning to US$46.27 a barrel. Gold futures firmed $1 or 0.08% to US$1,317.50 an ounce.

Goldies have copped a hiding this week. XGD is at a two-month low and seems to have broken its uptrend. Been a good run. Trading: struggled for ideas. Small dabble in GMN.

Expand

sorry HHL - did not read the fine print
2 Upvote

Reply

Top Stories

Bitcoin investors need to know the risks

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

ASX Market Open: ASX200 to reach 8000 for first time on hopes for US rate cut

CIA

Forest fires see Champion Iron shut down Bloom Lake

There are more pages in this discussion • 170 more messages in this thread...

First 3 Last

sorry HHL - did not read the fine print :-)

Bitcoin investors need to know the risks

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

ASX Market Open: ASX200 to reach 8000 for first time on hopes for US rate cut

Forest fires see Champion Iron shut down Bloom Lake

Featured News

Featured News

sorry HHL - did not read the fine print :-)

Top Stories

Bitcoin investors need to know the risks

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

ASX Market Open: ASX200 to reach 8000 for first time on hopes for US rate cut

Forest fires see Champion Iron shut down Bloom Lake

Featured News

Featured News