End of Day report
ASX 200 closes down 195.1 points at 4918.4 as losses accelerate into the close. Miners and energy stocks bear the brunt. ASX 200 back to levels of March 2006. Japan down 4.05% and China off 2.5%. US Futures down 64.India unexpectedly cuts rates 0.50% to 6.75%. It was all about resources today as we test the recent intraday low at 4928.If the US does not meltdown tonight expect a dead cat bounce off the lows tomorrow. The vultures smell blood in Glencore as the company struggles under a huge debt burden and low commodity prices. Big falls in the UK and Hong Kong were bad news for the mining sector with resource stocks taking out multi year lows. (VIEW LINK)
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Marcus Padley founded Marcus Today in 1998 and leads the team of analysts and market commentators that publishes a daily stock market newsletter, presents four podcasts and runs an $80m Australian equity fund. He is passionate about educating and informing private investors with insightful, honest, straight-up independent stock market research and ideas. Marcus likes to call it as it is without agenda, puts subscribers first, and this has paid off for real people with real money.
Marcus Padley founded Marcus Today in 1998 and leads the team of analysts and market commentators that publishes a daily stock market newsletter, presents four podcasts and runs an $80m Australian equity fund. He is passionate about educating and...
Expertise
Marcus Padley founded Marcus Today in 1998 and leads the team of analysts and market commentators that publishes a daily stock market newsletter, presents four podcasts and runs an $80m Australian equity fund. He is passionate about educating and...
Expertise
Comments
Comments
Sign In or Join Free to comment