I might have been a bit presumptuous yesterday unloading guilt for the fall in yesterday's stock market on the Oz Government.
Europe was generally down. So our market, as it often does, pre-empts moves in later trading overseas. But the two other big Asian markets (Hong Kong and Tokyo) also usually sense the foreboding in the West.
Anyway. London -0.63%, Germany -0.46%, France -0.55%.
U.S. markets were generally flat. The S&P500 is showing indecision with two "inside" bars in a row. (See chart above.) Dow Industrials -0.01%, Dow Transports 0.0%, SP500 -0.14%. Russell 2000 was down -0.42% and the Nasdaq100 -0.64%.
The big news for the Australian market was weakness in the base metals markets:
Copper -2.68%
Nickel -2.67%
Aluminium -0.98%
Zinc -3.82%
Lead -3.73%
It's difficult to see our Materials Index making headway with those numbers. And that will probably pull the general market down.
Good luck
Red
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