Morning Report Wednesday 1 April 2015
• Last night, the US equity markets lost most of its gains from the previous day. The DOW closed 200 points (-1.1%) lower at 17,776 and the S&P 500 down 18 points (-0.9%) at 2,068.• Fear and uncertainty is slowly creeping higher, with the volatility index up 5.4%. See Fear and Greed Chart.• In the commodities markets, Crude Oil and Iron Ore continues to tumble. Oil closed -2.2% lower at US$47.60/bbl and Iron Ore down -2.5% at US$51.35/t. BHP Billiton (BHP) is expected to open 50c lower, around $30.53 this morning after its performance in the US.• The ASX200 is expected to open 25 points lower this morning, around the 5,865 level. As it is the first day of the month, there will be no surprise if we witness a positve market sentiment by the afternoon, as it is the start of the month and quarter.
Show more...
