AUD, miners retreat: China euphoria fades: The ASX 200 looks set to slip modestly this morning with SPI futures pointing to a decline of 3pts on the open
David Scutt
Stonex
AUD, miners retreat: China euphoria fades: The ASX 200 looks set to slip modestly this morning with SPI futures pointing to a decline of 3pts on the open. Having outperformed yesterday materials look set to drag today with BHP and RIO both giving back around half of Friday's gains overnight. Throw in another steep slide in the crude price, something that will likely impact the energy sector, and it looks like it'll be left up to financials, tech and consumer discretionary to do most of the heavy lifting as was the case on Wall St overnight. (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
David is a Director of Scutt Partners Pty Ltd and has successfully worked in the financial services markets over the past 12 years with both large and smaller banking groups. He has provided strategic financial analysis for currency and interest rate movements and has been an active trader on behalf of his employers.Over the past 5 years David has become a respected financial analyst and has built a strong following on social media with his insights into the domestic and international markets for currencies and interest rates.Web: www.scuttpartners.com.au LinkedIn: https://www.linkedin.com/pub/david-scutt/9/34a/841
David Scutt
Market Analyst
Stonex
David is a Director of Scutt Partners Pty Ltd and has successfully worked in the financial services markets over the past 12 years with both large and smaller banking groups. He has provided strategic financial analysis for currency and interest...
Expertise
No areas of expertise
David Scutt
Market Analyst
Stonex
David is a Director of Scutt Partners Pty Ltd and has successfully worked in the financial services markets over the past 12 years with both large and smaller banking groups. He has provided strategic financial analysis for currency and interest...
Expertise
No areas of expertise
Comments
Comments
Sign In or Join Free to comment