Live preview mode. Wire is not yet published.
It was all going so well as the market pushed through the 5400 level early on the back of better overseas markets and the BHP number
It was all going so well as the market pushed through the 5400 level early on the back of better overseas markets and the BHP number. However the inflation number at 11.30 put the kibosh on the rally as it showed the RBA has little room to move on interest rates with fuel, travel ,utility rates and property all adding to the 1.2% rise against consensus at 0.8%. The Aussie dollar soared to 97.45 on the news and the market having topped at 5402 gave it all back and more closing down 17 at 5356.Read More at (VIEW LINK) and sign up to follow teh blog!
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
Henry started in financial markets in London in the 80s as an option trader before coming to Sydney and spending 7 years at Macquarie Bank including a stint running equity derivatives and cash trading.
Comments
Comments
Sign In or Join Free to comment
most popular
Equities
Is Cettire all it's cracked up to be?
Livewire Markets
Equities
Bizarre: The $11m microcap sitting on a $21m cash pile
Livewire Markets