WBC 0.37% $27.07 westpac banking corporation

Seems some negative news being released regarding the...

  1. 1,529 Posts.
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    Seems some negative news being released regarding the numbers

    From the Australian

    "They relate to economic hedges and net ineffectiveness on qualifying hedges, which reverse over time"

    i get hedges, but never heard of qualifying ones - so did a look around.
    https://www.investopedia.com/terms/h/hedge-accounting.asp

    Not ideal - a couple of hours till open - hopefully US markets being positive limits falls to a degree
 
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