Marcus Padley

ASX 200 soars on CPI news then crashes back to earth in a remarkable 100-point turnaround day. The market closed down 32.9 points at 5187.7 after being up as much as 61 at 5281. Banks turn red, energy and resources turn red. Asian markets mixed with Japan down 0.36% and China down 0.27% as the commodity margin crackdown continues. AUD falls to 76.17 with US Futures down 50. A very volatile day once again with the banks the major swing voters. After a tepid start we limped into the CPI number at 11.30am with a measly 10-point rise on the Richter scale. (VIEW LINK)


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